Donald Newhouse is an American businessman and philanthropist. He is the co-owner of Advance Publications, which includes Condé Nast, The Daily News, and other media properties. He is also a major donor to many Jewish causes.
Newhouse was born in 1927 to a Jewish family in Newark, New Jersey. His father, Samuel Newhouse Sr., was a newspaper publisher who founded Advance Publications. Donald Newhouse attended private schools growing up, including the Pingry School and Lawrenceville School.
He then went on to study at Syracuse University, where he earned a bachelor’s degree in English in 1949. After college, Newhouse joined his father’s business as an assistant circulation manager for The Staten Island Advance. He later became the vice president of operations for the company.
In 1971, he was named president of Advance Publications. He has held that position ever since. Under Newhouse’s leadership, Advance Publications has become one of the largest media companies in the world.
It owns newspapers, magazines, websites, television stations, and more. Some of its most notable brands include Vogue, Vanity Fair, The New Yorker, Wired magazine, and Reddit.
Steven O. Newhouse Net Worth
Steven O. Newhouse is the chairman of Advance Publications, which includes Conde Nast, Reddit, and The Root. He has a net worth of $4 billion.
Steven O. Newhouse Wikipedia
Steven O. Newhouse (born September 7, 1945) is an American businessman and the chairman of Advance Publications. He is the son of S.I. Newhouse Jr., and his sister is Dorothy Scripps Phelps. Newhouse was born in Staten Island, New York, the son of Mitzi (née Epstein) and Samuel Irving Newhouse Jr.
His father was the founder of Advance Publications, which owns newspapers including The Star-Ledger, The Plain Dealer and The Times-Picayune, as well as magazines such as Condé Nast Portfolio, Vanity Fair, Vogue and The New Yorker. His sister is Dorothy Scripps Phelps. He attended the Lawrenceville School in Lawrenceville, New Jersey and graduated from Harvard College in 1967 with a Bachelor of Arts degree magna cum laude in History & Literature.
While at Harvard he was a member of Delta Kappa Epsilon fraternity (Phi chapter). He later received a Master’s degree from Columbia University Graduate School of Journalism in 1968. In 1971 Steven married Cynthia O’Brien; they have three children: Steven II “Steve”, William Dickson “Will” (who goes by his middle name), and Elizabeth Mary “Liza”.
The Newhouse family is one of the most influential families in American media. The family’s holdings include Advance Publications, which owns a variety of newspapers, magazines, and digital media properties, including Condé Nast (publisher of Vogue, The New Yorker, etc.), Reddit, and Wirecutter. The family also has stakes in Discovery Communications and Charter Communications.
The Newhouses have been involved in the media business for over a century. Samuel Irving Newhouse Sr., the patriarch of the family, started out as a newspaper delivery boy in Staten Island. He eventually bought his first newspaper, The Staten Island Advance, with money he saved from his paper route.
From there, he built a vast media empire that his sons S.I. Jr. and Donald would eventually take over. Today, the Newhouse family is one of the richest families in America, with an estimated net worth of $12 billion. While they are not as visible as some other wealthy families (such as the Kochs or the Waltons), their influence on American media is undeniable.