5 Richest Media Owners in the World

3. Warren Buffett

Net worth: $101.2 billion
Age: 90

The Oracle of Omaha, Warren Buffett steals the 3rd spot in our list of the 15 richest media owners in the world. BH Media, Berkshire Hathaway’s (NYSE: BRK-A) media affiliate with 71 newspapers and other titles in ten states across the US, was previously owned by the legendary investor. In March 2020, Lee Enterprises Inc. (NYSE: LEE) had completed its acquisition of the media company that was sold for $140 million. 

Warren Buffett remains one of the richest media owners in the world because of his substantial stake in Verizon Communications (NYSE: VZ). Verizon Media runs premium digital brands such as Yahoo, TechCrunch, and AOL. 

In the fourth quarter of 2020, total Verizon Media sales were $2.3 billion, up 11.4% year over year. The stock has gained 3.41% in the last three months.

Warren Buffett of Berkshire Hathaway