In this article titled “Who is Donald Newhouse 101: American Billionaire Businessman?” on Zatrun.com, we will delve into everything you need to know in detail about the famous American billionaire businessman and heir, Donald Newhouse, who is of interest to our readers.
Who is Donald Newhouse?
Donald Edward Newhouse, born in 1929, is an American billionaire heir and businessman. He is the owner of Advance Publications, founded by his father Samuel Irving Newhouse Sr. in 1922. The company includes Condé Nast (publisher of magazines such as Vogue, Vanity Fair, and The New Yorker), several newspapers throughout the United States (including The Star-Ledger, The Plain Dealer, and The Oregonian), a controlling stake in cable company Bright House Networks, and Discovery Communications. According to the Bloomberg Billionaires Index, his estimated net worth is $19.4 billion. He resides in New York City.
Newhouse’s father, Samuel Irving Newhouse Sr., was born in Manhattan’s Lower East Side and entered the family media business. His mother, Mitzi Epstein, was an art lover and philanthropist who grew up in an upper-middle-class family with a father who imported silk ties on the Upper West Side. Donald Newhouse is of Jewish descent and was listed in the Jerusalem Post’s 2010 list of the world’s 50 richest Jews.
In January 2020, Newhouse donated $75 million to Syracuse University’s S.I. Newhouse School of Public Communications. The communication school is named after his father, Samuel Irving Newhouse Sr.
In March 2021, Newhouse and his wife Susan announced they will be launching a fund for the Frontotemporal Degeneration Association (AFTD) with a $20 million donation, the largest in the history of philanthropy.
Donald Newhouse married Susan Marley in 1955, shortly after she graduated from Wellesley College. They have two children: Katherine Irene Newhouse, who is a teacher at the Town School in New York City and married Dr. Joseph Patrick Mele in 1991, and Michael Andrew Newhouse, who is the assistant publisher of the Trenton Times and a board member of the Associated Press since 2017, and married Elyse Sue Applebaum in 1988. Elyse’s brother, Scott Applebaum, is the founder and CEO of Multispark, LLC. Elyse works as the president of global development at Advance’s magazine company, Conde Nast International.
Steven O. Newhouse (born in 1957) is the editor of the Jersey Journal and married Gina Sanders in 1993. Gina Sanders later became the publisher of Gourmet and Teen Vogue. The couple primarily lived in New York City, but spent weekends at their farm in New Jersey. Susan and Donald were married until her death in 2015 from the same rare disorder that Si Newhouse suffered from, primary progressive aphasia.