Gary Magness Net Worth

Gary Magness was born in Denver, Colorado, United States. Gary Magness's late father, Bob, started cable giant TCI, then merged with AT&T in 1999 in a $48 billion deal. After inheriting half his father's fortune (his brother got the other portion), Magness spends his time on off-road truck racing, movie producing and philanthropy. His wife, Sarah Siegel-Magness, runs the couple's film company, Smokewood Entertainment, which produced Oscar winner "Precious." His philanthropic activities include work with a native Brazilian tribe called the Xavante and launching the Precious Center for Teen Leadership, part of the Fresh Air Fund's outdoor camp in upstate New York for inner-city girls. He collects vintage cars, owns cattle ranches in Colorado, and invests in oil, gas and real estate. in 2016, the couple also bought a house in the Hollywood Hills worth a reported $6.875 million.
Gary Magness is a member of Media

💰 Net worth: $1.31 Billion (Updated at 22 June 2018)

2009 $990 Million
2010 $1.2 Billion
2011 $1.4 Billion
2012 $1.6 Billion
2013 $1.7 Billion
2014 $1.8 Billion
2015 $1.5 Billion
2016 $1.4 Billion
2017 $1.4 Billion
2018 $1.38 Billion

Some Gary Magness images

Biography/Timeline

2007

Through his inheritance, he is a large stockholder in Tele-Communications Inc. He also chairs the Magness Investment Group, whose portfolio includes Magness Land & Cattle, Fortrust, a Denver-based state-of-the-art data center, and aquaculture breeding farms. In 2007, he founded Smokewood Entertainment with his wife, Sarah Siegel-Magness. He has produced three films and he is producing a fourth one. He has made charitable donations to the Food Bank of the Rockies, the University of Denver, and The Fresh Air Fund. He collects vintage cars.