Gary Magness
Media

Gary Magness Net Worth

Gary Magness is an American businessman and philanthropist from Denver, Colorado. He inherited half of his late father's fortune, Bob Magness, who founded cable giant TCI and merged with AT&T in 1999. Magness spends his time on off-road truck racing, movie producing and philanthropy. His wife, Sarah Siegel-Magness, runs their film company, Smokewood Entertainment, which produced the Oscar-winning movie "Precious". Magness is involved in philanthropic activities such as working with the Xavante tribe in Brazil and launching the Precious Center for Teen Leadership. He also collects vintage cars, owns cattle ranches in Colorado, and invests in oil, gas and real estate. In 2016, the couple bought a house in the Hollywood Hills worth a reported $6.875 million.
Gary Magness is a member of Media

Age, Biography and Wiki

Birth Place Denver, Colorado, United States

💰 Net worth: $1.4 Billion (2024)

Gary Magness is a prominent figure in the media industry in the United States, and his net worth is projected to reach an impressive $1.4 billion by 2024. With his extensive experience and successes in the field, Magness has solidified his position as a wealthy entrepreneur. As an influential media personality, he has made notable contributions to the industry and continues to thrive in his endeavors. His substantial net worth is a testament to his talent, hard work, and remarkable achievements in the field of media.

2009 $990 Million
2010 $1.2 Billion
2011 $1.4 Billion
2012 $1.6 Billion
2013 $1.7 Billion
2014 $1.8 Billion
2015 $1.5 Billion
2016 $1.4 Billion
2017 $1.4 Billion
2018 $1.38 Billion

Biography/Timeline

2007

Through his inheritance, he is a large stockholder in Tele-Communications Inc. He also chairs the Magness Investment Group, whose portfolio includes Magness Land & Cattle, Fortrust, a Denver-based state-of-the-art data center, and aquaculture breeding farms. In 2007, he founded Smokewood Entertainment with his wife, Sarah Siegel-Magness. He has produced three films and he is producing a fourth one. He has made charitable donations to the Food Bank of the Rockies, the University of Denver, and The Fresh Air Fund. He collects vintage cars.

Some Gary Magness images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.