Ted Turner Net Worth as CNN CEO & Business Entrepreneur

Everyone is known by the name Ted Turner, who revolutionised how media and news are shaped in the ever-evolving world. From handling his father’s business to creating numerous entrepreneurial companies, Ted Turner effortlessly marked his name in the media industry.

With his success story comes a debate about Ted Turner net worth. Have you ever wondered how much revenue Ted Turner has earned to date? If not, it is your time to dig into his net worth guide and learn about Ted Turner net worth, his sources of income, and career moves. In addition, you must get a scoop inside his life story to know him deeply.

Net Worth Ted Turner

Robert Edward Turner III, popularly known as Ted Turner, is one of the American business moguls, philanthropists, and environmentalists. You can also call him a successful entrepreneur who has built his earning career from dedication and hard work. When discussing Ted’s net worth, discussing his sources of income is mandatory.

Typically, Ted Turner owns many companies, but his primary income source is the 24-hour news channel CNN. In addition, he is also regarded as the second-largest landowner in the United States, owning almost two million acres of land. He also has a restaurant named Ted’s Montana Grill, contributing to his net worth.

So, if you ask the question: What is Ted Turner's net worth? The net worth of the renowned corporate entrepreneur is estimated to be around $2.2 billion. You can understand that this net worth has a higher chance of rising shortly.

Ted Turner Real Estate

As you know, Ted Turner business and net worth allowed him to gather many acres of land in the United States. It also highlights readers’ attention to dig inside Ted Turner house. The famous personality, business mogul, and media proprietor owns several houses in various places. Information for a few is given below:

Firstly, Turner owns a house at St. Philips Island in South Carolina. The property comprises 3350 square feet of area and contains five bedrooms, five bathrooms, an appliance-loaded kitchen, a dining room, and other amenities. Ted features this house as a rental property for a five-night stay.

In addition, Ted Turner House is located in New Mexico. This real estate property covers almost 25,000 square feet of land, containing billiards room facilities, a conservatory, a kitchen, and luxurious accommodations.

Ted Turner Career Insights

Ted Turner’s career story joined the dots from Turner's expelling from Brown University and taking over his father’s business—Turner Advertising Company as The Macon Ted Turner. In the middle of the events, his father committed suicide, but Ted did not stop and took the company to the sky as president and chief executive of the company. Also, the company’s profits contributed well to purchasing Southern radio stations.

It was the time Ted bought UHF television and WTCG and UHF station WRET. He picked numerous shows, including Gilligan’s Island, Star Trek, and Bugs Bunny. He also bought the Atlanta Braves and Atlanta Hawks and telecast games before their success in the 2000s.

In 1978, Ted Turner proposed establishing a 24-hour news channel to deliver authentic news irrespective of what time of day or night it was. To manifest his thought, Ted sold WRET and established Cable News Network, now known as CNN. CNN's first headquarters was established in Atlanta, and Ted Turner was its first CEO.

Ted Turner did not step backwards and established a number of business ventures, including Turner Entertainment, World Championship Wrestling (WCW), Turner Network Television (TNT), and Turner Sports. As an environmentalist, he also introduced an environmental superhero, Captain Planet, in 1990.

Besides his business ventures, Ted Turner also experimented and opened a restaurant named Ted’s Montana Grill. It seemed like success also became the destiny of Ted Turner. The restaurant that served guests in only one branch of Columbus expanded to 46 restaurants, solidifying Turner's place in the list of successful corporate entrepreneurs.

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Ted Turner Sources of Income

Ted Turner's source of income comes from his company, which he established throughout his life. If you are interested, here are the names of his business ventures:

1. Turner Broadcasting System (TBS)
2. Cables News Network (CNN)
3. Turner Network Television (TNT)
4. Turner Classic Movies (TCM)
5. Turner Enterprises, Inc. (TEI)

Ted Turner Early Life

Ted Turner was born in Cincinnati, Ohio, on November 19, 1938. His mother, Florence, and father, Robert Edward II, a billboard industrialist, raised him well. When Ted turned nine, his family shifted to Savannah, Georgia. There, he started his early education at McCallie School, Tennessee. For his higher education, Ted was admitted to Brown University. He chose Classics as his major.

Amid all these, he also changed his major from Classics to Economics. The fact is that he never earned a degree from the university because officials caught him red-handed in his dormitory room with a girl. Eventually, he was expelled from the university. However, he received an honorary B.A. from the university in 1989 upon his return for the second annual conference of the National Association of College Broadcasters.

You won’t believe it, but Ted Turner proved himself a passionate sailor. He participated in almost 26 competitions through the Savannah Yacht Club. Not only this, but he also appeared in the Olympic trials in 1964.

Ted Turner Personal Life

As far as his personal life is concerned, Ted Turner has always seen misery. Throughout his life, he married three times, and all ended in divorce. He first married Julia Gale Nye in 1960 and got separated in 1964. After only one year, Ted married Jane Shirley Smith but divorced in 1988.

Later, Turner married an actress in 1991. Ted Turner and Jane Fonda spent quality time together for almost ten years but ended up leaving each other in 2001. The renowned businessman has five kids from his marriage. In addition, Ted Turner grandchildren are three in number.

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Ted Turner Achievements

Throughout his life and career, Ted Turner turned head over heels in building the media industry, giving it a new direction. For this, his efforts and dedication never went to waste, and he earned his name and fame in the shape of awards that he received for his exceptional work. A few of the awards are given below:

1. Television Hall of Fame
2. Star on the Hollywood Walk of Fame
3. Georgia Trustee Award
4. National Sailing Hall of Fame
5. Emmy Lifetime Achievement Award in Sports Category (2014)
6. Emmy Lifetime Achievement Awards in News and Documentary Category (2015)

FAQs

Is Ted Turner alive?

Yes, Ted Turner is still alive. However, the businessman has several health issues, including brain disorder and Lewy body dementia.

How old is Ted Turner?

Ted Turner was born on November 19, 1938. He is 86 years old.

Was Ted Turner a good student?

Ted Turner was dyslexic in his school days. Overall, he managed to score results with a B+ average.

What did Ted Turner do after school?

After his expulsion from Brown University, Ted Turner diverted his focus to his father’s billboard company.

Whats the best Ted Turner biography?

The best Ted Turner biography that Porter Bibb has written is “Ted Turner: It Ain’t as Easy as It Looks". The biography tells Ted’s story, including his life, career, and business ventures.

Where is Ted Turner today?

Ted Turner today is living a secluded life. He lives on his ranch in Florida, deals with several health issues, and has taken a break from his business ventures.

What company did Ted Turner create?

After managing his father’s company, Ted Turner created the Turner Broadcasting System (TBS) in 1976. He also founded several companies, such as CNN, Turner Sports, Turner Entertainment, and Turner Foundation.