The Anschutz Corporation's activity and investments in the energy field reflect a strong commitment to responsibly developing and managing natural resources. [55] A member of the Evangelical Presbyterian Church, he is a conservative Christian. In July 1996--despite opposition from the U.S. departments of Justice, Transportation, and Agriculture; from such rival railroads as Kansas City Southern and Consolidated Rail; and from the governor of Texas, George W. Bush--the STB approved the merger in July 1996, with the only major stipulation being that UP grant trackage rights for about 4,000 miles of track to Burlington Northern Sante Fe. tenure, Yales Office of Cooperative Research started more than 70 new ventures that have raised over $5 billion in investor capital. in pharmaceutics from Long Island University, an M.S. By that time he had invested about $55 million into a sleepy offshoot of Southern Pacific to develop what would eventually become Qwest Communications International Inc., the number four long-distance company in the United States as well as the owner of U S West Inc., one of the Baby Bells. Anschutz parlayed his oil and gas wealth into the stock market, downtown real estate (primarily in Denver), and, ultimately, the railroad industry. But the plan fell through when Anschutz insisted that Ascent sell him 50 percent of the Avalanche and Ascent refused. He also owns stakes in performance venues, including the Staples Center, The O2, London, and the Dignity Health Sports Park. Following Nacchio's hiring in January 1997, Qwest inked two additional deals with WorldCom and GTE, similar to the one with Frontier, for another $600 million. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Upon closing, Anschutz would operate OPUBCO separately from his other publishing and media assets as an independent company. Emily joined the CU Innovations team in May of 2021 as a Project Manager. He also engages in new venture development of high potential university technologies and spin-outs. The Anschutz Exploration Corporation subsidiary has continued the original business of discovering and developing oil and gas wells, with particular focus on projects in Colorado, Utah and Wyoming. Tulsa. [61] Anschutz has run 15 marathons. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Now's your chance to pick it up for nearly half off. [53], In 2018, Anschutz donated $1 Million to Elton John AIDS Foundation. Sep 16, 2011 Updated Aug 31, 2020. His work spans the intersection of internal venture There were now just three major rail companies in the western United States: Southern Pacific, Union Pacific, and the newly named Burlington Northern Sante Fe, which was about the size of the other two combined. Chad manages our innovations database and conducts analysis for the department. [31], It was announced on September 15, 2011, that Anschutz would acquire all assets of the Oklahoma Publishing Company (OPUBCO) from the Gaylord and Dickinson families. AEG Presents organizes several large music entertainment festivals including Coachella and Stagecoach,[3][4], AEG Sports owns the LA Galaxy soccer team and the Los Angeles Kings hockey team, and Anschutz Film Group owns Bristol Bay Productions and Walden Media. Anschutz closed the deal for Southern Pacific in the fall of 1988. The Anschutz Entertainment Group (AEG) is a sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. He is licensed to practice law in Texas and Colorado. In 1982 Anschutz sold an interest in it to Mobil Oil for $500 million. Philip Plein And Snoop Dogg Collaborate On A New Blinged-Out Sneaker, Philips Norelco Multigroom 9000 Review: The Most Versatile, Powerful Beard Trimmer, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Completion of the merger was by no means certain. The The Anschutz Corporation management team includes Dan Eppich (Chief Information Officer (CIO)), Matt Anctil (Vice-President, Enterprise Leader), and Angela McLean (Vice President - Business Services) . The Anschutz Investment Company also purchased LightEdge Solutions in February 2008. But in 1993, SP slid back to a loss of $149 million. Last edited on 19 November 2022, at 00:28, The Broadmoor Manitou and Pikes Peak Cog Railway, "Who Is Philip Anschutz, Controversial Owner of Coachella Parent Company? [26][27] MLS Commissioner Don Garber stated in 2006 that "without Phil Anschutz, there's no MLS today."[23]. from the University of San Diego School of Law, and completed a Post-Doc at Harvard Medical School after earning her Ph.D. in Biochemistry Success did not come immediately for the young wildcatter. Left-handed batters, hurt by the increasingly popular practice of bunching defenders on one side of the field, are exacting their revenge by signing sweet post-shift contracts. When combined, they comprise the largest commercial wind generation facility proposed in the U.S. and one of the largest in the world." [43] He is also a major donor to the American Enterprise Institute, the Federalist Society and the Heritage Foundation, conservative think tanks. Customer inquiries are best handled by calling 800-647-7261. 1 of 2. Founded in 1965, The Anschutz Company is an oil and gas company that has projects in the Powder River and Washakie Basins of Wyoming, the Piceance and DJ Basins of Colorado, and the Unita Basin of Utah. Anschutz Exploration Corporation Profile and History. Prior Although the company should benefit from continued pricing growth, forex headwinds and continued supply chain pressure is likely to weigh on the overall revenue growth. Co-Director of SPARK, Graphic Designer & Social Media Specialist, (303) 724 - 0222 |kimberly.muller@cuanschutz.edu. Before relocating to Colorado, Heather was {{ userNotificationState.getAlertCount('bell') }}. In the end, Anschutz sold the land underneath what would eventually become the Pepsi Center to Ascent for top dollar; he would also turn away from Denver and seek his entre into the sports world to the west, in Los Angeles. Anschutz Entertainment Group. brand messaging. You want to own it. All Rights Reserved. Moyers was succeeded as president and CEO by veteran railroader Jerry R. Davis. Anschutz was instrumental in several MLS initiatives that have grown the league's revenues and profits. Philip Frederick Anschutz (/nuts/ AN-shoots; born December 28, 1939) is an American billionaire businessman who owns or controls companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and music. To pare down the company's $311 million in debt, Anschutz took Qwest public in June 1997 through an IPO that raised $321 million. The Anschutz Corporation is a privately held company based in Denver, Colorado. Xanterra holds the franchise rights to operate resorts inside several major national parks including Crater Lake (Crater Lake Lodge), Death Valley (Oasis at Death Valley), and the Grand Canyon (Bright Angel Lodge, El Tovar Hotel, Maswik Lodge and Phantom Ranch). Union Pacific paid $5.4 billion for Southern Pacific, with Anschutz pocketing about $1.4 billion from the sale. She has a Masters in Human Xanterra also operates the Grand Canyon Railway, Kingsmill Resort, and Windstar Cruises. Add an executive. [59], Anschutz has granted only three formal interviews since 1979, and none from the 1980s until 2015. Ms. Mullers business development responsibilities include investing, company creation, Part of this came in the form of stakes of more than five percent each he gained in Union Pacific (a stake initially worth about $700 million) and in Union Pacific Resources Group Inc., a leading independent oil and gas exploration and production company that was spun off from Union Pacific in 1995 and 1996 (the stake in the latter was worth about $300 million). In April 2002, the Anschutz Exploration Corporation gave up its plans to drill for oil in the area. Print or download. Among the real estate Anschutz purchased in the 1970s was a property on the Wyoming-Utah border, known as Anschutz Ranch East. Similar to many other takeovers of the 1980s, Anschutz engineered a highly leveraged purchase in which Rio Grande Industries paid Santa Fe Industries just over $1 billion in cash, most of it borrowed, for SP, assuming more than $700 million in SP debt. Richard joined the Office of University Counsel in 2022 with a primary focus on supporting CU Innovations in the commercialization of innovative technologies. Mikes responsibilities include the formation and management It was possible that a similar motive was behind a report in the Wall Street Journal in June 2000 that Anschutz, along with a partner, was launching a film production company. Anschutz also bought three professional soccer teams, the Los Angeles Galaxy, the Colorado Rapids, and the Chicago Fire, all part of Major League Soccer, which Anschutz owned a part of as well. [1] The company was started in 1958 by Fred Anschutz, a wildcatter, who developed and operated oil wells. In recognition of its preservation efforts, The National Trust for Historic Preservation presented its President's Award to the Anschutz Exploration Corporation. Henry Dubroff of the Denver Post estimated that Anschutz had pocketed pretax profits of as much as $500 million from the stock offerings. Heather earned an Executive MBA from the Daniels School of Business at Denver University, a J.D. Executive Vice President at The Anschutz Corporation Denver, Colorado, United States. Site map Terms of Use Privacy Policy, Background information and answers to various local inquiries and issues, Learn about responsible energy development, Get the latest information about the project, Project contact information for the community, media and suppliers, BLM site: Chokecherry/Sierra Madre project, USFWS CCSM Project environmental analysis, American Clean Power Association news and resources, Roxane Perruso, Executive Vice President and COO, Kelly Cummins, Vice President, Land and Environmental Affairs, Lisa Christian, Vice President and General Counsel, Ryan Jacobson, Vice President, Engineering and Construction, Kara Choquette, Director, Communications and Government Relations, David Fuller, Director, Business Development, Industry-leading consultants and advisors. CU Innovations specializes in commercializing technology, developing ventures, and building business partnerships. She also manages several funds, including an innovation The company's hospitality industry holdings are mostly controlled by its subsidiary Xanterra Travel Collection. He was also a director of Forest Oil Corporation beginning in 1995. He expanded his investments to sports and entertainment companies, co-founding the American association football/soccer league Major League Soccer as well as multiple soccer teams, including the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, and the New York/New Jersey MetroStars. Colorado Womens Bar Association. [54], Anschutz prefers to stay out of the limelight. Frank Smith is President and Chief Executive Officer of Anschutz Film Group (AFG) and Walden Media. her law career at Lyon & Lyon, LLP. Javascript is disabled in your web browser. None of the information on this page has been provided or approved by The Random Acts of Kindness Foundation. For this reason, Anschutz has been called the man who saved MLS. in chemical engineering from Cornell University, an M.S. N-1. Jul 2020 - Present2 years 8 months. Alabama. ", "Coachella owner personally gave $187,300 to Republican candidates and Super PACs in 2017", https://s3.documentcloud.org/documents/3517036/Anschutz-recommends-Gorsuch.pdf, "Colorado trio eyed for U.S. appeals bench", "Anschutz Library celebrates 25th anniversary | Libraries", "AEG Chairman Phil Anschutz Donates $1 Million to Elton John AIDS Foundation", "BUSINESS PEOPLE BUSINESS PEOPLE Anschutz Founder Shuns Limelight", "New owner is reclusive, a conservative Christian", "Contemporary Honors Award Recipient 2000 - School of Business | Emporia State University", "Junior Achievement U.S. Business Hall of Fame", MLS founders reflect on 20 years of Major League Soccer, "Bloomberg Billionaires Index - Phil Anschutz", "Golden Plate Awardees of the American Academy of Achievement", "Philip Anschutz, Chairman and CEO, The Anschutz Corporation, Denver, CO", Horatio Alger Association of Distinguished Americans, https://en.wikipedia.org/w/index.php?title=Philip_Anschutz&oldid=1136023653, 2017 - Native Sons and Daughters of Kansas "Kansan of the Year", This page was last edited on 28 January 2023, at 08:11. The Anschutz Corporation is an American private holding company headquartered in Denver, Colorado, United States. His Anschutz Entertainment Group operates more than 350 owned or affiliated arenas and concert venues worldwide. Ascension Market Leaders. Kimberly Muller is the Executive Director of CU Innovations where she leads innovation for the University of Colorado Anschutz Medical Campus. (303) 724 - 1039 |claire.mcdonald@cuanschutz.edu. In 1996 he engineered the sale of Southern Pacific to rival Union Pacific Corporation , pocketing $1.4 billion in profits from an initial $90 million investment. Services Management & Mental Health Administration. in Dallas, Texas, where his practice focused on intellectual property and transactional matters. Today, the Denver-based corporation controls the Washington . Anschutz is the principal owner of the National Hockey League's Los Angeles Kings and is a minority owner of the National Basketball Association's Los Angeles Lakers. Join to view profile . "[22], Anschutz is one of only four recipients of the National Soccer Hall of Fame's Medal of Honor for his contributions to growing the sport of soccer in the United States. The Anschutz Corporation is an American private holding company headquartered in Denver, Colorado, United States. Spitzer's suit was panned in a Wall Street Journal editorial headlined "The Anschutz Ransom". Previously, Gali was a medical device innovation fellow at Northwestern University's Innovation and New Ventures Office where he invented technology for monitoring and tracking dermatological diseases. Anschutz has had several other business ventures, including Forest Oil, Pacific Energy Group, Union Pacific Railroad (he is the company's largest shareholder, with a 6% stake), and the Regal Entertainment Group, the second largest movie theater chain in the world, with approximately 7,000 screens. " * " indicates required fields. Claire has conducted research on the immune response in neurological disorders and developed a prodromal diagnostic test for Alzheimers disease. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. This site works best when Javascript is enabled. The Anschutz Corporation also owns The Broadmoor-Sea Island Company which operates The Broadmoor hotel, The Broadmoor Manitou and Pikes Peak Cog Railway and the Sea Island resort. Editor in Chief Stephen Hayes had initially been cleared to find a buyer but after a venture capital firm agreed to broker any future deal, Anschutz withdrew permission and decided to effectively kill the company in order to harvest its subscribers. In September 2021 Angie joined the CU Innovations team, managing marketing and graphic design needs of the department, including social media initiatives. To fund the cost of constructing the massive network--initially estimated at $1.4 billion--Qwest in 1996 reached an agreement with Frontier Corporation, whereby Frontier, at the time the number five U.S. long distance company, would invest $500 million in Qwest in exchange for the right to 25 percent of the capacity of the Qwest network for the following 50 years. No one could say if any of these ventures would turn into another billion-dollar payoff, but after the naysayers were proved very wrong when they had questioned Anschutz's forays into railroads and telecommunications, few people were willing to bet against him. Previously, Kimberly started and sold companies in the biotech, tech, and clean energy fields, companies included Curagen Corporation (acquired by Celldex Therapeutics), 454 Life Science (acquired by Roche), and Arbor Fuel, a biofuel company The Anschutz Corporation and its affiliates, including Anschutz Company and Anschutz Investment Company, are the investment vehicles for the diversified interests of Philip F. Anschutz. Texas. In return, Spitzer dropped his civil suit. TropiGol Sports, Anschutz saved MLS from extinction, September 19, 2012. Manchester City are now ready to sell Bernardo Silva to FC Barcelona and have named their asking price for the Portuguese midfielder, according to reports. [10][11], Anschutz then moved into railroads and telecommunications before venturing into the entertainment industry. In 1991 Anschutz carved SP Telecom out of Southern Pacific, taking full control of it for an investment of $55 million. Angie strives to incorporate current design trends and develop strategic marketing materials to accurately convey targeted Anschutz was born in Russell, Kansas, the son of Marian (ne Pfister) and Frederick Benjamin Anschutz. At that time, Philip Anschutz was in college at the University of Kansas, where he earned a bachelor's degree in finance, with honors, in 1961. The company behind TransWest, Anschutz Corporation, amassed a fortune in the 20th century in the oil-rich shale deposits of Wyoming. He was also Assistant Director of Venture Capital Analytics with the Rockies Venture Club where he helped in create due diligence reports for angel investors in the RVC network. The rail systems of Burlington Northern and the Sante Fe scarcely had any overlap, while the merger of SP and UP would eliminate competition on certain runs, most notably in Texas and between Colorado and California. development and external innovation partnership opportunities with our healthcare system partners. As consumers, we often take for granted all the hard work that goes into building a great company. Bachelor of Arts/Science, University of Kansas. Used by Anschutz was also attempting to leverage the real estate holdings of Southern Pacific by developing some of the land rather than selling it to other developers. NSF, JDRF, and the American Cancer Society. In 2009, Anschutz purchased the conservative American opinion magazine The Weekly Standard from Rupert Murdoch's News Corporation. Here's why it was my top pick. The company began offering its own long distance service to business customers in the Southwest in 1993. Then in a prime example of his exquisite timing, Anschutz sold a half-interest in the mineral rights on his ranchlands to Mobil Corporation for $500 million in 1982, not long before the 1980s oil crash. In my evaluation of the best beard trimmers, the Multigroom 9000 was my top pick due to its perfect balance of quality, performance, cost and customization. Meanwhile, Anschutz began his move into the sports world in 1995 when he teamed with Los Angeles developer Edward Roski, Jr., to buy the Los Angeles Kings hockey team for $114 million. Related by education: University of Kansas. of strategic industry partnerships, and the development of long-term growth strategies for CUI. [23] Anschutz also advocated for MLS's creation of Soccer United Marketing, the league's sales and marketing arm. [35][36] According to the Bureau of Land Management, which on July 2, 2012, announced the completion of the project's final Environmental Impact Statement, "Chokecherry and Sierra Madre are two distinct sites approximately five miles apart which are both being analyzed together. Anschutz owns more than half of the company, and multiple newspapers and media groups. Reflects change since 5 pm ET of prior trading day. to Colorado, he worked in higher education administration and grant management within the Department of Electrical and Computer Engineering at North Carolina State University in Raleigh, North Carolina. . With the merger of the Southern Pacific and Union Pacific Corporation in September 1996, Anschutz became Vice-Chairman of Union Pacific. Michigan. Over five decades, Philip Anschutz has built fortunes in oil, railroads, telecom, real estate and entertainment. The Chronicles of Narnia: The Lion, the Witch and the Wardrobe, U.S. Court of Appeals for the Tenth Circuit, University of Colorado School of Medicine, William E. Simon Prize for Philanthropic Leadership, "chemistrydaily Resources and Information", "The Aspen 50 Forbes billionaires in Pitkin County", A Standard History of Kansas and Kansans, by William E. Connelley, Contemporary Honors Award Recipient Philip Anschutz, "The real king of the Los Angeles Kings: mystery billionaire Philip Anschutz", "Billionaire Next Door Philip Anschutz may be the richest American you've never heard of. Anschutz Corp. purchased the Rio Grande's parent, Rio Grande Industries, Inc., for $500 million, $90 million of which was in cash and the remainder in loans. In another effort to reduce the debt load, 30 million shares were offered in August 1993. On December 14, 2018, Anschultz executed the closure of The Weekly Standard and fired all its employees. In one-on-one interviews, Rubenstein. Gali joined the University of Colorado CU Innovations office in February 2016 and serves as the "operational octopus" behind the CU Healthcare Innovation Fund and granting funding programs. Anschutz next pulled off a coup by hiring Joseph Nacchio, a top AT & T executive, to run Qwest as CEO (Anschutz remained chairman). Pricing; API; . Originally funded by the oil and gas holdings of his father, Anschutz, who consistently shuns publicity, quietly became a billionaire in the early 1980s as a result of his oil and gas exploration ventures. Get the latest business insights from Dun & Bradstreet. 0. In 1961, he bought out his father's oil drilling company, Circle A Drilling, and earned large returns in Wyoming. Anschutz owns two five-star resorts, the Broadmoor in Colorado Springs and Sea Island in Georgia. [23] He has since sold his stake in the Chicago, Denver, Houston, New York, San Jose and D.C. MLS teams and now owns only the Galaxy. [9] In the early 1980s, the Anschutz Ranch, with its billion-barrel (160,000,000 m) oil pocket, became the largest oil field discovery in the United States since Prudhoe Bay in Alaska in 1968. As William P. Barrett noted in Forbes, 'Beyond the original cash stake in the Rio Grande, Anschutz put not a penny more into the deal,' thereby making him the first individual to own a major railroad in decades. for Regenerative Medicine as Director of Intellectual Property, and she continues to support the Gates Center as Entrepreneur in Residence. Find company research, competitor information, contact details & financial data for The Anschutz Corporation of Saratoga, WY. [42], Anschutz has donated to conservative causes and groups that are anti-LGBTQ and anti-abortion. The Lakers, the Kings, and another NBA team, the Los Angeles Clippers, began playing in what became the $400 million, 20,000-seat Staples Center in the fall of 1999. The one-hour program features market and geopolitical discussions with a rotating panel of influential voices including thought leaders, CEOs, policy makers and economists. Proceeds benefit the National Western Scholarship Trust. Investor interest in Southern Pacific increased in the several months that followed, so that by February 1994, when a second stock offering of 25 million shares was initiated, they sold for $19.75 per share. Jordan Ross serves as Research Counsel at the University of Colorado Denver Anschutz Medical Campus working primarily with the CU Innovations team on protecting the Universitys intellectual property.
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