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25 Richest Billionaires in Media and Entertainment

In this article, we discuss the 25 richest billionaires in media and entertainment industry. To skip our detailed analysis of the media and entertainment industry, go directly to the 5 Richest Billionaires in Media and Entertainment Industry.

Media and Entertainment Industry Outlook

Media and entertainment is a vast industry with many sectors including social media, film, music, television, and advertising, among others. On January 24, Variety reported that as per Omdia’s senior research director María Rua Aguete, the media and entertainment industry is expected to surpass a $1 trillion valuation in 2024. The trillion-dollar mark is driven by diverse segments, with online video projected to be valued at $345 billion, games at $255 billion, music at $44 billion, and cinema at $41 billion. These segments from the media and entertainment industry will significantly contribute to the industry’s growth.

During the COVID-19 lockdowns, the media and entertainment industry saw a rise. However, things started to change post-pandemic. The global entertainment and media revenue increased by only 5.4% in 2022 compared to a growth of 10.6% in 2021. According to a report by PwC, the revenue of the global entertainment and media industry is set to decline sequentially in the next five years. The revenue for 2027 is expected to grow by just 2.8% from 2026. Among many factors influencing the slowdown of the media and entertainment industry, consumer spending will remain the key reason as it continues to drop considering interest rate hikes and inflation. In PwC’s 26th Annual Global CEO Survey, around 40% of CEOs from the entertainment and media industry pointed out that their current business model would not be viable in ten years.

Big Players in Media and Entertainment Industry

Companies in media and entertainment are trying to tap into new areas and markets. Advertising is one of the key areas for growth and AI is also a top trend in the industry with media giants investing hefty sums in the technology. The Walt Disney Company (NYSE:DIS) and Warner Bros. Discovery, Inc. (NASDAQ:WBD) are two of the most valuable entertainment companies in the world, while Meta Platforms, Inc. (NASDAQ:META) owns some of the biggest social media platforms such as Facebook, Instagram, and WhatsApp.

The Walt Disney Company (NYSE:DIS) is an American multinational mass media and entertainment giant. On February 6, The Walt Disney Company (NYSE:DIS) announced that ESPN, the company’s subsidiary, Fox Corporation (NASDAQ:FOX), and Warner Bros. Discovery, Inc. (NASDAQ:WBD) are forming a joint venture to launch an innovative streaming sports service. Through this joint venture, all the companies will bring their portfolios of sports networks. The joint venture platform is expected to be launched in the second half of 2024 and will be available for customers through a new app. Each entity of the joint venture will have an equal board representation and own one-third stake in the venture.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is another leading American multinational mass media and entertainment corporation. On April 25, the company announced the launch of its proprietary first-party data platform, Olli. Through this new platform, Warner Bros. Discovery, Inc. (NASDAQ:WBD) now has control over the next generation of advanced advertising solutions for partners. In addition, Olli allows flawless campaign planning, activation, and measurement across the firm’s entire portfolio of premium content and brands. Here is what the head of digital Ad sales, Ryan Gould, said:

“With the introduction of Olli and Data-Driven Video, Warner Bros. Discovery offers a transformative approach to how media strategies are crafted and executed. Our goal is to ensure that every connection between brand and audience is reached in the most efficient and effective way across our vast expanse of digital and traditional platforms. We’ve already seen early success with this offering, and we look forward to bringing it to the wider marketplace working with marketers looking to activate advanced audience segments to achieve their advertising, sales, and marketing objectives.”  

Meta Platforms, Inc. (NASDAQ:META) is one of the largest tech companies in the world. Meta Platforms, Inc.’s (NASDAQ:META) Facebook and Instagram are two of the biggest social media platforms for advertisers. On April 10, Meta Platforms, Inc. (NASDAQ:META) announced its next generation of custom-made chips designed to manage AI workloads. The latest generation chips will enhance performance compared to the last generation and lift the ranking and recommendation Ads models on Facebook and Instagram. The new chips are part of Meta Platforms, Inc.’s (NASDAQ:META) growing investment in AI technology.

The global media and entertainment industry is one of the most important markets worldwide. Consumer behavior towards the media and entertainment companies plays a vital role in defining the trend of the industry. With this context, let’s take a look at the 25 richest billionaires in the media and entertainment industry. You can also take a look at the best entertainment stocks to buy for 2024.

25 Richest Billionaires in Media and Entertainment

Our Methodology

We gathered the data for the 25 richest billionaires in the media and entertainment industry from the Forbes Real Time Billionaires Index. The list of billionaires from the media and entertainment industry is ranked in ascending order of billionaires’ net worths, as of April 27.

25 Richest Billionaires in Media and Entertainment

25. Hubert Burda

Net Worth: $3.7 Billion

Hubert Burda inherited the family media firm, Burda Media. Burda ran the media firm for more than 20 years before retiring in 2010. Hubert Burda ranks 25th among the richest billionaires in the media and entertainment industry.

24. Katharine Rayner

Net Worth: $3.8 Billion

Katharine Rayner inherited a 17% stake in media and automotive firm, Cox Enterprises. Katharine Rayner has a net worth of around $3.8 billion.

23. Margaretta Taylor

Net Worth: $3.8 Billion

Margaretta Taylor is the sister of Katharine Rayner as she also inherited a 17% stake in Cox Enterprises from her mother, Anne Cox Chambers.

22. James Chambers

Net Worth: $3.8 Billion

James Chambers is the brother of Katharine and Margaretta and has an equal stake of 17% in Cox Enterprises. James Chambers ranks among the richest billionaires in the media and entertainment industry.

21. Forrest Li

Net Worth: $3.9 Billion

Forrest Li founded the online gaming and e-commerce firm, Sea Limited (NYSE:SE). With a net worth of around $3.9 billion, Forrest Li ranks 21st among the richest billionaires in the media and entertainment industry.

20. Jason Jiang

Net Worth: $4 Billion

Jason Jiang founded the outdoor advertising firm, Focus Media Information Technology Co., Ltd. (SHE:002027). Jason Jiang is the chairman and CEO of the company.

19. Stefan von Holtzbrinck

Net Worth: $4.1 Billion

Stefan von Holtzbrinck inherited a stake in the German firm, Holtzbrinck Publishing Group. In 2006, Stefan von Holtzbrinck sold his shares to his siblings. Stefan von Holtzbrinck ranks 19th among the richest billionaires in the media and entertainment industry.

18. Barry Diller

Net Worth: $4.2 Billion

Barry Diller founded the Internet and media company, IAC Inc. (NASDAQ:IAC). Diller is the chairman of online travel giant, Expedia Group, Inc. (NASDAQ:EXPE). Barry Diller has a net worth of around $4.2 billion.

17. Isaac Perlmutter

Net Worth: $4.4 Billion

Isaac Perlmutter took the Marvel brand to new heights. In 2009, Perlmutter sold a majority of Marvel to The Walt Disney Company (NYSE:DIS) for $4 billion. Isaac Perlmutter has a net worth of around $4.4 billion and ranks among the richest billionaires in the media and entertainment industry.

16. Jeff T. Green

Net Worth: $4.7 Billion

Jeff T. Green is the CEO and chairman of advertising tech firm, The Trade Desk, Inc. (NASDAQ:TTD). Jeff T. Green has a net worth of around $4.7 billion.

15. Steven Spielberg

Net Worth: $4.8 Billion

Steven Spielberg co-founded DreamWorks studios and is a household name directing movies such as ‘Jaws’ and ‘Jurassic Park.’ With a net worth of around $4.8 billion, Steven Spielberg ranks 15th among the richest billionaires in the media and entertainment industry.

14. Charles Dolan

Net Worth: $5.1 Billion

Charles Dolan founded the Cablevision Systems Corporation in 1973 and sold the company to Altice USA, Inc. (NYSE:ATUS) for $17.7 billion in 2016. Dolan and his children own controlling stakes in entertainment firms including AMC Networks and Madison Square Garden Sports Corp. (NYSE:MSGS).

13. Mark Cuban

Net Worth: $5.4 Billion

Mark Cuban co-founded the video portal Broadcast.com in 1995 and sold the firm to Yahoo for $5.7 billion in 1999. Mark Cuban has a net worth of around $5.4 billion and is one of the richest people in the media and entertainment industry.

12. George Lucas

Net Worth: $5.5 Billion

George Lucas founded the filmmaking firm Lucasfilm and is famously known for creating ‘Star Wars’. In 2012, Lucas sold the production company to The Walt Disney Company (NYSE:DIS) for $4.1 billion.

11. Clive Calder

Net Worth: $5.7 Billion

Clive Calder became a billionaire in 2002 when he sold his music firm, Zomba Group, to German media giant Bertelsmann SE & Co. KGaA for $2.7 billion. Clive Calder has a net worth of around $5.7 billion and ranks among the richest billionaires in the media and entertainment industry.

10. Tim Sweeney

Net Worth: $5.7 Billion

Tim Sweeney is the co-founder and CEO of famous game developer Epic Games. Tim Sweeney ranks 10th among the richest billionaires in the media and entertainment industry.

9. Jim Kennedy

Net Worth: $5.8 Billion

Jim Kennedy is the chairman emeritus of Cox Enterprises and served the company as acting chairman from 2008 to 2021. Jim Kennedy has a net worth of around $5.8 billion.

8. Blair Parry-Okeden

Net Worth: $5.8 Billion

Blair Parry-Okeden inherited a 25% stake in Cox Enterprises following her mother’s death in 2007. Blair Parry-Okeden has a net worth of around $5.8 billion and is one of the richest people in the media industry.

7. David Geffen

Net Worth: $8 Billion

David Geffen founded the record labels Asylum Records, Geffen Records, and DGC Records. Geffen also founded the film studio DreamWorks Animation. David Geffen ranks seventh among the richest billionaires in the media and entertainment industry.

6. Igor Bukhman

Net Worth: $9 Billion

Igor Bukhman and his brother Dmitry own online gaming upstart Playrix Holding Ltd. Igor Bukhman has a net worth of around $9 billion.

Click to continue reading and see the 5 Richest Billionaires in Media and Entertainment Industry.

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Disclosure. None. 25 Richest Billionaires in Media and Entertainment Industry is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

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Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

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