 |
David Hearst JrOwner of the company 'Hearst Corporation'
Date of Birth: 01.01.1946
Country:  USA |
Content:
- David Hearst Jr.: A Successor in the Hearst Empire
- Media and Real Estate Mogul
- Forbes List Member and Charitable Endeavors
- Dividend Income and Family Wealth
David Hearst Jr.: A Successor in the Hearst Empire
Inheritor of a Media DynastyDavid Hearst Jr. is a celebrated American businessman, inheriting a legacy as the scion of the vast Hearst Corporation, which was established by his legendary ancestor William Randolph Hearst. David currently stewards the renowned San Francisco Examiner, a legacy bestowed upon him from his father. The Hearst Corp., founded as a modest newspaper endeavor, has since metastasized into a colossal conglomerate, guided in part by William Randolph Hearst's present-day grandsons, including David Hearst Jr. However, the helm of this media behemoth is entrusted to Victor Ganzi, an executive external to the family.
Media and Real Estate Mogul
The Hearst Corporation's portfolio currently encompasses 27 television stations, 16 periodicals, 12 daily newspapers (including the San Francisco Chronicle), and iconic magazines like Cosmopolitan and Good Housekeeping. Furthermore, cable channels such as ESPN, Lifetime, and A&E fall under the umbrella of this global media conglomerate. The Hearst Corporation has also ventured into real estate and agriculture in California, alongside commercial operations in New York and San Francisco.
Forbes List Member and Charitable Endeavors
David Hearst Jr.'s net worth, as estimated by Forbes, hovers around two billion dollars, earning him a place among the planet's most affluent billionaires. The Hearst Foundation, Inc., a charitable organization founded in 1948 by William Randolph Hearst (who himself held multiple positions within his companies, including its presidency), remains an integral aspect of the Hearst legacy. The foundation continues to extend substantial financial support to diverse organizations, institutions, and initiatives.
Dividend Income and Family Wealth
David Hearst Jr. and other members of the Hearst family are substantial beneficiaries of dividends derived from the Hearst Corporation's operations. Their financial well-being is tightly intertwined with the success of this media empire, which generates approximately $4.5 billion in annual revenue.
