Colin Grabow
30 Sep 2002, 05:04 PM
FYI, from the Sept. 30 Forbes 400 Richest People in America issue:
Philip F. Anschutz
$4.3 billion
Qwest Communications. Denver.
62. Married, 3 children.
Oil and gas greased the tracks to railroad riches; rail led to a fortune in fiber optics. But with fiber out of favor and Qwest's accounting under suspicion, his 18% stake is down $6.5 billion. New focus: movie houses. Spent an estimated $825 million cobbling together a string of troubled theaters. Took Regal Entertainment public 2002; stake in 5,800-screen exhibitor now worth $1.3 billion. Secretive tycoon avoids media but loves entertainment: owns pro hockey's LA Kings, one-third of basketball's LA Lakers, half of Major League Soccer.
Philip F. Anschutz
$4.3 billion
Qwest Communications. Denver.
62. Married, 3 children.
Oil and gas greased the tracks to railroad riches; rail led to a fortune in fiber optics. But with fiber out of favor and Qwest's accounting under suspicion, his 18% stake is down $6.5 billion. New focus: movie houses. Spent an estimated $825 million cobbling together a string of troubled theaters. Took Regal Entertainment public 2002; stake in 5,800-screen exhibitor now worth $1.3 billion. Secretive tycoon avoids media but loves entertainment: owns pro hockey's LA Kings, one-third of basketball's LA Lakers, half of Major League Soccer.