Billionaire Profile
Ted Turner
Global Rank
#1425

Image: Public domain | via Wikimedia Commons

Ted Turner

CEO, Turner Broadcasting System
US
Real-Time Net Worth
$2.8B
As of December 2025
Age
87
Source
Cable television
Industry
media-entertainment
Citizenship
US

Biography

Robert Edward "Ted" Turner III, born November 19, 1938, is an American media mogul, entrepreneur, and philanthropist, best known for founding CNN, the first 24-hour cable news channel. His source of wealth stems from cable television, transforming his father's billboard business into a media empire. With an estimated net worth of $2.8 billion, Turner has significantly impacted the media-entertainment industry. Throughout his career, he has been known for his innovative spirit and leadership, pioneering concepts like the "superstation" and making substantial contributions to philanthropy, notably establishing the United Nations Foundation. He is also a prominent environmentalist, owning large land holdings and promoting bison ranching.

Wealth Over Time

In-Depth Profile

Early Life

Ted Turner was born Robert Edward Turner III on November 19, 1938, in Cincinnati, Ohio. He grew up in an affluent family; his father owned a successful billboard advertising company. When he was nine, his family moved to Savannah, Georgia. He attended Brown University but was expelled before earning a degree.

Rise to Success

After his father's suicide in 1963, Turner took over the ailing business and restored it to profitability. He then took the company into broadcasting, purchasing a UHF station in Atlanta, Georgia. He transformed it into a superstation, WTBS, which later became TBS. In 1980, he launched CNN, the first 24-hour cable news channel. His media empire expanded to include other channels and sports teams, marking his significant impact on the media-entertainment industry. Turner's leadership style was authentic, and he always put the company's goals ahead of his ego.

Key Business Strategies

Turner was not afraid to take bold steps and make unconventional decisions. He challenged the status quo and took calculated risks, such as launching CNN, which many experts initially doubted. He used his vision and determination to achieve success, which made him a leader in the broadcasting realm. His focus on building a strong corporate culture and investing in his team's development helped him achieve tremendous success. Turner also demonstrated a willingness to adapt and innovate in a rapidly changing industry.

Philanthropy

Ted Turner is a noted philanthropist and environmentalist. He has donated millions of dollars to various charitable causes, including environmental conservation and the United Nations Foundation. He established the United Nations Foundation in 1998 and created the Nuclear Threat Initiative in 2001. Turner's philanthropic efforts also include the Turner Foundation, dedicated to environmental causes, and his commitment to sustainable land management practices through Turner Enterprises.

Career Milestones

1963

Took over Turner Advertising Company

Became president and CEO after his father's death, transforming the business into a global enterprise.

1970

Launched Turner Broadcasting System (TBS)

Purchased an Atlanta UHF station and began building a media empire.

1980

Founded CNN

Launched the first 24-hour cable news channel, revolutionizing the news industry.

1986

Acquired MGM/UA Entertainment Co.

Gained access to a vast film and television library.

1988

Launched Turner Network Television (TNT)

Expanded his cable network offerings.

Philanthropy & Social Impact

Global Initiatives

United Nations Foundation

$1B

A public charity to broaden U.S. support for the United Nations.

Environmental Conservation

Turner Foundation

Varies

Focuses on philanthropic grants concerning issues pertaining to the environment and overpopulation.

Global Security

Nuclear Threat Initiative

Varies

A non-partisan organization dedicated to reducing global reliance on, and preventing the proliferation of nuclear, chemical, and biological weapons.

Business Philosophy & Leadership

Notable Quotes

""As soon as I got rich, I started philanthropy.""

""If I had to live my life over, there are things I would do differently, but the one thing I would not change is my charitable giving.""

Leadership Principles

Vision

Having a clear vision and articulating it to others.

Risk-Taking

Being willing to take calculated risks and make bold decisions.

Innovation

Challenging the status quo and fostering a culture of creativity.

Controversies & Challenges

2003

Cherry Creek Restoration

Used poison antimycin to kill fish in the stream to restore westslope cutthroat trout.

2008

Global Warming Remarks

Asserted on a television program that if steps aren't taken to address global warming, 'Most of the people will have died and the rest of us will be cannibals.'