South Korea · Donald Trump · U.S. · Fortune Technology
In the 1980s, Turner went deeply into debt to buy MGM, a move again greeted with skepticism
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Ted Turner, a brash television pioneer who raced yachts, owned huge chunks of the American West and transformed the news business by launching CNN and introducing the 24-hour cable news cycle, died Wednesday.
Key facts
He had a net worth of $2.5 billion in 2023 but had dropped off Forbes magazine’s ranking of the 400 richest Americans in 2021
Turner, the father of five children, grabbed a leadership role in American philanthropy with his Sept. 18, 1997, pledge to give $1 billion to United Nations charities
Turner owned professional sports teams in Atlanta, defended the America’s Cup in yachting in 1977 and donated a stunning $1 billion to United Nations charities
Robert Edward Turner III was born Nov. 19, 1938, in Cincinnati
Summary
Turner died surrounded by his family, according to Turner Enterprises, the company that oversees his vast business interests. Turner owned professional sports teams in Atlanta, defended the America’s Cup in yachting in 1977 and donated a stunning $1 billion to United Nations charities. He once bragged: “If only I had a little humility, I’d be perfect.” President Donald Trump, reacting to Turner’s death, called him “one of the Greats of All Time.”