Philip F. Anschutz
Philip Frederick Anschutz, born December 28, 1939, is an American entrepreneur. Anschutz bought out his father's drilling company, Circle A Drilling, in 1961 and earned significant returns. He has invested in stocks, real estate, and railroads. He has also invested in entertainment companies, co-founding Major League Soccer and multiple teams, including the Los Angeles Galaxy. Anschutz owns stakes in the L.A. Lakers and L.A. Kings. Forbes ranks him the 38th richest person in the U.S., with an estimated net worth of $10 billion.
In 1970, Anschutz bought the 250,000-acre Baughman Farms, one of the country's largest farming corporations, in Kansas. The following year, he acquired 9 million acres along the Utah-Wyoming border. This produced his first fortune in the oil business and led to Anschutz Ranch becoming one of the largest oil field discoveries in the United States.
In 1984, he ventured into the railroad business by purchasing the Rio Grande Industries. He later bought the Southern Pacific Railroad. He also became a Director for Pacific Energy Partners and served on the boards of the American Petroleum Institute and the National Petroleum Council in Washington, D.C.
In February 2006, Anschutz chose to resign from all of his board member positions and focused on his other investments instead.
As one of the world's wealthiest individuals, Philip Anschutz has made a name for himself in the philanthropic community. The Anschutz Foundation, founded in 1964, supports a broad variety of community service, cultural and arts groups, health facilities, and initiatives - all of which comprise the majority of the Foundation's annual giving.
Anschutz and his wife Nancy have contributed over $100,000,000 to the new medical, dental, nursing, and pharmacy campus of the University of Colorado School of Medicine in Aurora, CO, which is now named the Anschutz Medical Campus in their honor.
In 1970, Anschutz bought the 250,000-acre Baughman Farms, one of the country's largest farming corporations, in Kansas. The following year, he acquired 9 million acres along the Utah-Wyoming border. This produced his first fortune in the oil business and led to Anschutz Ranch becoming one of the largest oil field discoveries in the United States.
In 1984, he ventured into the railroad business by purchasing the Rio Grande Industries. He later bought the Southern Pacific Railroad. He also became a Director for Pacific Energy Partners and served on the boards of the American Petroleum Institute and the National Petroleum Council in Washington, D.C.
In February 2006, Anschutz chose to resign from all of his board member positions and focused on his other investments instead.
As one of the world's wealthiest individuals, Philip Anschutz has made a name for himself in the philanthropic community. The Anschutz Foundation, founded in 1964, supports a broad variety of community service, cultural and arts groups, health facilities, and initiatives - all of which comprise the majority of the Foundation's annual giving.
Anschutz and his wife Nancy have contributed over $100,000,000 to the new medical, dental, nursing, and pharmacy campus of the University of Colorado School of Medicine in Aurora, CO, which is now named the Anschutz Medical Campus in their honor.