Robert Edward Turner III was born on 19 November 1938 in Cincinnati, Ohio United States, and is a media prioprietor, film and television producer, screenwriter, as well as a philanthropist. To the public, Ted Turner is perhaps best known for establishing the cable news satellite channel “CNN”, which is currently owned by Turner’s “Turner Broadcasting System”.
So just how rich is Ted Turner? In regards to his overall wealth, Ted Turner’s net worth is estimated to be $2.4 billion, the majority of which he has accumulated due to his business ventures, in particular his media interests over a period now spanning more than 50 years.
Ted Turner Net Worth $2.4 Billion
Ted Turner was educated at The McCallie School, and later continued his studies at Brown University. Initially, he studied classics, but chose to change his studies to economics, since his father showed displeasure in his choice of a major. However, Turner failed to graduate, and only received his honorary bachelor’s degree in 1989. When he left university, Turner went to work for his father’s company, and when his father suicided in 1963, Turner inherited “Turner Advertising Company”, which he succeeded in making a worldwide success. One of Turner’s first major business ventures was the establishment of WTBS channel, which was followed by CNN. Over the years, the channel expanded its availability to more than 98 million households in the United States alone, becoming one of the most popular channels on television.Of course his net worth benefited enormously.
In 1986, Turner acquired the “Metro-Goldwyn-Mayer” media company and that same year established the “Turner Entertainment” company, which is responsible for overseeing worldwide distribution. With the acquisition of “MGM”, Turner also became an owner of the very popular “Merrie Melodies” and “Looney Tunes” programs, both of which became important factors in creating the “Cartoon Network” channel. Again, his net worth rose considerably.
Turner is also known for creating an international sports competition entitled the “Goodwill Games”, as a reaction to political issues related to the Olympic Games that took place in Moscow. Turner has also significantly contributed to the overall popularity of “World Championship Wrestling” promotion, which he purchased in 1988 – and added to his net worth.He was also co-owner of the Atlanta Braves baseball team during the 1970s and 80s, without notable success on the diamond.
Among his many achievements are the Bower Award, which he received for Business Leadership, Lone Sailor Award for serving in the United States Coast Guard, and the title of Humanist of the Year in 1990.
As a philanthropist, Ted Turner has contributed most of his fortune to charitable causes through his “Turner Foundation”, which he established in 1990. In order to show his support for environmental causes, Turner created a superhero called “Captain Planet”, who is the main hero of an environmentalism television program called “Captain Planet and the Planeteers”.
In regards to his personal life, Ted Turner has been married three times. First, he celebrated his marriage to Judy Nye in 1960, but the couple split up four years later after having a son and a daughter. In 1965 he wed Jane Shirley Smith, with whom he was married until 1988; they have a son and two daughters. Three years later, he married Jane Fonda, yet their relationship ended in divorce in 2001.
