Malone is ranked as the second-largest private landowner in the United States, possessing 2.2 million acres (890,000 hectares), which is more than twice the size of Rhode Island. According to The Land Report's annual rankings, Malone ranked as the largest landowner in America from 2011 to 2021.[5]
Early life and education
John C. Malone was born on March 7, 1941, in Milford, Connecticut.[6][7] His father was Daniel L. Malone, an engineer.[8] Malone is of Irish heritage, his family originating in County Cork.[9][10][11] Malone is a Catholic.[12]
In 2005, Malone held 32 percent of the shares in the media company News Corporation, and although only about half were voting shares, Rupert Murdoch reportedly had concerns that he might lose control of his company to Malone, and tried to oust him from the firm with a "poison pill" strategy.[17] He was director of the National Cable & Telecommunications Association (NCTA) from 1974 to 1977, and again from 1980 to 1993. During the 1977–1978 term, Malone was the NCTA's treasurer.[14]
In 1992, Malone coined the term 500-channel universe to describe a future media environment where a vast number of TV channels would be available, by eliminating the need for broadcast radio channels as a scarce resource.[18]
In business dealings Malone has been dubbed "Darth Vader", a nickname allegedly given to him by Al Gore when Malone was the head of TCI.[19]
In 1994, Wired portrayed Malone on their cover as "Mad Max" from The Road Warrior (also known as Mad Max 2), with an interview describing his battles with the FCC.[20] He is also known as the "Cable Cowboy".[21]
Bloomberg estimated him to be worth over US$9 billion in May 2021.[22]
As of 1 February 2011[update], he surpassed Ted Turner as the largest individual private landowner in the US, owning 2,200,000 acres (8,900 km2) of land, much of which is in Maine, Colorado, New Mexico, and Wyoming.[25] Malone held the top spot as America's largest landowner for 10 years, according to the 2022 The Land Report's ranking of the top 100 U.S. landowners. In 2021, the ranking listed Malone as the second largest landowner behind the Emmerson Family.[26]
In the same year, he gave the Yale School of Engineering & Applied Science's largest gift ever of $50 million.[8]
Malone has also given $60 million to Hopkins School in New Haven to fund the construction of two new buildings, Malone Science Center, named for his father, as well as Heath Commons, named after his favorite Hopkins teacher.
In 2014, Malone and his wife donated $42.5 million to Colorado State University to help create their Institute for Biologic Translational Therapies, which aims to develop stem cell and other treatments for animals and people. Of the donation, $32.5 million will pay for half the construction costs and $10 million will go to operational expenses.[28]
In 2021, the Malones donated $25 million to Maine Medical Center in Portland, Maine, for the hospital’s $534 million capital improvement project. Maine Medical Center will name a new tower for cardiac and vascular services the Malone Family Tower; Leslie Malone recently received cardiac care at the hospital.[29]
Malone Scholars Program
In 1997, he established the Malone Family Foundation, which operates the Malone Scholars Program that provides scholarship endowments to certain private schools throughout the United States.[30]
Personal life
Malone is married to Leslie, they have two children and live in Elizabeth, Colorado.[31][32] His wife is active in dressage and horse breeding and she founded Harmony Sporthorses in Kiowa, Colorado.[33] In 2008, their son Evan D. Malone joined the board of Liberty Media.[34][35] Malone reportedly shuns the limelight and glamorous lifestyle, taking his family vacations alongside long-time friend Gary Biskup in a recreational vehicle.[36][37] The State of Colorado named Malone a "Citizen of the West" in 2016.[38][39]
Formerly the Boston Red Stockings, Boston Red Caps, Boston Beaneaters, Boston Doves, Boston Rustlers, Boston Bees, Boston Braves and the Milwaukee Braves
