How Did Philip Anschutz Make His Money?

Philip Anschutz’s Profile Summary

Company	Anschutz Corporation
Position	Chairman
Source of wealth	Energy, Real Estate, Telecommunications, Entertainment
Also known as	Billionaire Investor
Age	85
Education	University of Kansas
Citizenship	USA
Residence	Denver, Colorado
Family	Married, three children
Website, Social Media	https://www.anschutz.com https://www.aegworldwide.com https://www.linkedin.com/company/aeg-worldwide

Philip Anschutz’s biography

Philip Anschutz, born on December 28, 1939, in Russell, Kansas, is an American billionaire businessman, investor, and philanthropist. He is best known for founding the Anschutz Corporation, a diversified private holding company with interests in energy, real estate, media, and entertainment. Anschutz grew up in a family involved in the oil business, which laid the foundation for his ventures in energy and natural resources.

In the 1960s, Anschutz began his career by purchasing oil and gas fields in Wyoming, Utah, and Colorado, eventually becoming one of the largest landowners in the United States. His success in energy led him to diversify his investments, acquiring stakes in real estate, railroads, telecommunications, and sports teams. Notably, he was a co-founder of Qwest Communications, one of the leading telecom companies in the early 2000s.

Anschutz also played a pivotal role in shaping the entertainment industry. He owns Anschutz Entertainment Group (AEG), one of the world’s largest sports and live entertainment companies, managing venues like the O2 Arena in London and Crypto.com Arena (formerly Staples Center) in Los Angeles. He owns stakes in multiple sports teams, including LA Kings and LA Galaxy, and has a significant influence in soccer through Major League Soccer (MLS).

In addition to business, Anschutz is a prominent philanthropist, supporting education, healthcare, and conservative political causes. He has donated millions through the Anschutz Foundation. Despite his vast wealth and influence, he maintains a low public profile, focusing on private investments and philanthropy.

As of 2025, his net worth is estimated at $12 billion, making him one of the wealthiest individuals in the United States.

How did Philip Anschutz make money?
Philip Anschutz built his wealth through diversified investments in energy, real estate, telecommunications, and entertainment. His business journey began in 1961, when he purchased land with oil deposits in Wyoming. He struck oil and gas and quickly expanded his holdings, becoming one of the largest private landowners in the United States. His early wealth was largely derived from energy exploration, which remains a core part of his empire today.

In the 1980s, Anschutz began diversifying his portfolio by investing in railroads and telecommunications. He was one of the founding investors in Qwest Communications, a major telecom company, which became a key player in the fiber-optic network boom of the 1990s. His telecom ventures provided a significant boost to his fortune.

In the 1990s, Anschutz expanded into the entertainment and sports industries by founding Anschutz Entertainment Group (AEG). AEG is one of the largest owners of sports teams and entertainment venues globally, managing venues like Crypto.com Arena and O2 Arena. Anschutz’s sports holdings include LA Kings, LA Galaxy, and significant stakes in Major League Soccer (MLS). His investments in live entertainment and sports broadcasting rights have proven highly lucrative, contributing substantially to his wealth.

Anschutz is also heavily invested in real estate, owning vast tracts of land in Colorado, Utah, and Wyoming, and commercial properties in urban centers. His philanthropic activities through the Anschutz Foundation focus on education, healthcare, and conservative causes.

Today, Anschutz's wealth comes from diverse investments across multiple industries, with energy, entertainment, and real estate as his primary sources of income.
What is Philip Anschutz net worth?

As of 2025, Philip Anschutz’s net worth is estimated to be $16.9 B.

What is Philip Anschutz also known as?

Philip Anschutz is known as a billionaire investor and philanthropist with diversified business interests in energy, real estate, telecommunications, and sports entertainment. He is one of the most influential figures in sports management and live entertainment through his company Anschutz Entertainment Group (AEG).

Prominent achievements of Philip Anschutz

Philip Anschutz founded the Anschutz Corporation, one of the most diversified private companies in the U.S. He co-founded Qwest Communications, became a major player in the entertainment industry through AEG, and expanded Major League Soccer (MLS). His philanthropic work focuses on education and healthcare.

What are Philip Anschutz’s key insights?

Philip Anschutz believes in private ownership and diversification across various industries. He emphasizes long-term investments and philanthropy as key pillars of success, aiming to create lasting value through strategic partnerships.

Philip Anschutz’s personal life

Philip Anschutz is married to Nancy Anschutz, and they have three children. His children are actively involved in managing his family’s business and philanthropic interests through the Anschutz Foundation and other ventures.