Donald Newhouse

Net Worth: $8.8 Billion

• Source of Wealth Media (Conde Nast)
• Birth Place New York City, New York
• Marital Status Married (Susan Marley)
• Full Name Donald Edward Newhouse
• Nationality American
• Date of Birth 1930

About Donald Newhouse

American media mogul, Donald Newhouse, has a net worth of $8.8 billion as of November 2015, according to Forbes. The Syracuse University drop-out is one co-owner of Advance Publications and oversees the newspaper portion of Advance Publications, which runs local papers in more than 25 cities in America. His brother Samuel Irving takes care of magazines under the Condé Nast banner. The media company include magazines like The New Yorker, Vogue, and GQ, Florida cable and internet company Bright House Networks, and the hugely popular website Reddit.

The Personal Life of Donald Newhouse

Donald Newhouse was born in 1930 in NYC, into a Jewish family, to parents Samuel Newhouse, Sr. and Mitzi Newhouse. He married Susan Marley in 1955. She was the daughter of a junk dealer in Syracuse who later became a millionaire. The couple have 3 children and 6 grandchildren. Newhouse lives with his wife in West Amwell Township in New Jersey.
Michael Andrew Newhouse, Donald’s son, is an assistant publisher at the Times of Trenton. He is married to Elyse Sue Applebaum, whose brother Scott Applebaum, is the CEO and founder of Multispark, LLC. Katherine Irene Newhouse, his daughter, is married to Dr. Joseph Patrick Mele. She is a school teacher in New York at the Town School. Steven O. Newhouse, his other son, is married to Gina Sanders. He is working as the editor of the Jersey Journal.

The Inheritance of Donald Newhouse

Donald and his brother Samuel inherited Advance Publications from their father, Sam Newhouse, after he died in the year 1979. Advance is one of the biggest privately owned companies in the United States. It is the holding firm of numerous assets in the magazine, cable, newspaper, and entertainment sectors. After the passing away of his father, Donald Newhouse took charge of the newspaper assets and businesses while his brother Samuel took over Condé Nast, the unit which owns the company’s numerous magazines.
Sam Sr. began his publishing empire with just one newspaper called ‘The Bayonne Times.’ He made it into a profitable venture and then in 1922 embarked on his own entrepreneurial journey by acquiring the Staten Island Advance.
Advance Publications is currently the biggest newspaper chain in the US that is wholly owned by a family. The company has publications in more than 25 towns and cities in America. Of late, the publication industry has seen a significant decline in advertisement revenues and circulation. Newhouse’s newspapers have also met with the same fate. Donald eventually handed over the management of his newspaper businesses to his son Steven, who then decided to cut down the print versions of the newspapers and instead focused on the strategy of ‘digital first.’ This stand has attracted a lot of controversy