Newhouse family
Net worth $30 billion
The Newhouse’s wealth comes from the publishing business of the family patriarch Samuel (Sam) Irving Newhouse (d. 1979). Newhouse started his way working for the International News Service in Paris.
In 1964, his company Advance Publications became the publisher of Vogue in the United States, and in 1975, he became the chairman of Condé Nast. He bought the New Yorker in 1985.
Advance Publications also has significant holdings in Discovery Communications and the social news site Reddit.
Condé Nast International grew its portfolio of international editions — including Vogue, Vanity Fair, GQ, and Glamour. In the late 1990s and 2000s. The company runs approximately 125 magazines over 70 websites across international geographies.
The company’s media brands reach 72 million readers in print, 394 million online, and 454 million on social media.
The company also established Condé Nast entertainment, Condé Nast College of Fashion in London and invested in companies such as Rent the Runway and Moda Operandi.