Ted Turner
Overview
- Source of Wealth
- Cable television
- Industry
- Media & Entertainment
- Residence
- Atlanta, Georgia
- Education
- Brown University (Bachelor of Arts/Science)
- Marital Status
- Divorced
- Children
- 5
Biography
Ted Turner is best known for founding CNN, the first 24-hour news station, in 1980.
After his father died in 1963, Turner took control of his father's billboard company, Turner Advertising, and rebranded it "Turner Broadcasting."
He sold Turner to Time Warner for $7.3 billion in stock in 1996 and saw his fortune tumble when Time Warner bought AOL in 2001, causing shares to drop.
Turner is America's third-largest individual landowner, with roughly 2 million acres.
Turner, a Giving Pledge signee, chairs the Turner Foundation Inc, which is dedicated to protecting and restoring America's natural environments.
About
Turner owns a more than 30,000-acre estate in Florida called Avalon Plantation, where he married actress Jane Fonda in 1991.
Turner sold St. Phillips Island, his private island off of South Carolina, to the state in a charitable transfer in 2017. The land is now part of a state park.