|John Werner Kluge|
September 21, 1914|
Chemnitz, German Empire
|Died||September 7, 2010
|Alma mater||Columbia University|
|Net worth||US$6.5 billion (2009)|
John Werner Kluge (//; September 21, 1914 – September 7, 2010) was a German-born American entrepreneur who was at one time the richest person in America. He was best known as a television industry mogul in the United States.
Early life and education
Kluge was born in Chemnitz, Germany and emigrated to the United States in 1922. He earned his B.A. degree in economics from Columbia University in 1937. Prior to attending Columbia University, Kluge went to Wayne State University for two years.
Metromedia and Metromedia Company
Kluge's major move into media was by purchasing stock in the Metropolitan Broadcasting Corporation in the mid-1950s. The Metropolitan Broadcasting Corporation was the successor of the DuMont Television Network, which was spun off from DuMont Laboratories after the television network ceased operations in 1956. Metropolitan Broadcasting consisted of two stations, WABD in New York City and WTTG in Washington, D.C., both former DuMont outlets now operating as independent stations. Kluge joined the company as its board chairman and largest stockholder in 1958, acquiring the bulk of his shares from founder Allen B. DuMont for about USD $6,000,000.
After gaining control in 1959, Kluge began the company's expansion further into broadcasting, with holdings in television and radio. In the early 1960s, Kluge bought an outdoor advertising firm, and in 1961 the company's name was changed to Metromedia to reflect the diversity of its interests.
In 1986, Kluge sold the Metromedia television stations to the 20th Century Fox film studio, which is now controlled by the News Corporation, for a reported USD $4 billion. Those stations would later form the core of what would become the Fox television network. The following year, Forbes Magazine placed Kluge at the top of its list as the richest man in America.
In retaliation for a lawsuit brought by Paul Winchell, who sought the rights to his children's television program, "Winchell-Mahoney Time", Metromedia management, under orders from Kluge, destroyed the video tapes. Winchell was later awarded nearly $18 million as compensation for Metromedia's capricious behavior.
Following the Fox disposal, Kluge's activities had been carried out through a private venture named Metromedia Company in which he was a partner with Stuart Subotnick. Metromedia's more recent activities have included Eastern European, Commonwealth of Independent States and China telecom/cable/radio ventures through Metromedia International Group and the ill-fated US telecom backbone operation Metromedia Fiber Network. In July 2008, the Metromedia Restaurant Group, part of the Metromedia Company, closed over 300 company-owned Bennigan's and Steak and Ale restaurants. Metromedia was also the original team operators of the New York/New Jersey Metrostars Major League Soccer franchise.
John W. Kluge Center
In celebration of the 200th Anniversary of the Library of Congress, Kluge donated an unprecedented $60 million to create the John W. Kluge Center at the Library of Congress. It was created as an academic center where accomplished senior scholars and junior post-doctoral fellows might gather to make use of the Library's incomparable collections and to interact with members of the United States Congress. In addition, his gift would establish a $1 million prize to be given in recognition of a lifetime of achievement in the human sciences, comparable to the Nobel Prizes in literature and economics. The Kluge Prize would honor lifetime intellectual achievement in the same way as the Kennedy Center Honors recognize lifetime achievement in the performing arts.
Kluge has given over $510 million to Columbia University. Acknowledging the scholarship funds that enabled him to attend, Kluge gave more than $110 million to Columbia University between 1987 and 1993, primarily to endow financial aid for undergraduates from underprivileged backgrounds. His donations also help many of these students pursue Ph.D.s after they graduate by financing their doctoral studies. On April 11, 2007, Columbia University's President Lee C. Bollinger announced a $400 million pledge from Kluge, which the university will receive upon the donor's death. The donation marks the fourth largest gift to an institution of higher learning in America, all designated for financial aid. This marks the largest pledge ever devoted exclusively to student aid to any single institution of higher education in the United States.
University of Virginia
In 2001, Kluge donated his 7,378-acre (29.86 km2) estate in Albemarle County, Virginia to the University of Virginia. The estate, valued in excess of $45 million, was the largest gift in the University's history. UVa has been holding classes and seminars in the various buildings and on the grounds of Morven Farm in an effort to incorporate the land grant into their various course offering. Many developments are in the works to improve the farm and make it part of the landscape of Charlottesville.
Kluge was married four times. His first wife was Theodora Thomson Townsend, his second was Yolanda Galardo Zucco, the third was Patricia Maureen Rose, and his fourth was Maria Tussi Kuttner. Patricia Kluge has since filed for bankruptcy after taking on too much leverage during the recession. Kluge had three children, Joseph (whom he adopted), Samantha (with Zucco) and John Jr (adopted, with Rose). He had homes in New Rochelle, New York, Virginia and Florida with his fourth wife, Maria Tussi Kluge, at the time of his death in 2010.
- "#35 John Kluge – The Forbes 400 Richest Americans 2009". Forbes.com. 2009-09-30. Retrieved 2009-10-05.
- Miller, Stephen (September 9, 2010). "A One-Man Empire, From TV to Laundry". The Wall Street Journal.
- Mike Hughlett, "Bennigan's wake: Hard times for restaurants: Sour economy, rising costs plague industry", Chicago Tribune, July 30, 2008.
- "John Kluge, CC'37, Pledges $400 Million for Financial Aid". Columbia University. 2007-04-11. Retrieved 2007-04-17.
- Strickland, Katrina (12 June 2012). "Older Aboriginal art back in fashion". Australian Financial Review. p. 13.
- The New York Times: "Patricia Kluge Loses Her Fortune in the Downturn"
- Graveside Politics
- Berger, Marilyn (September 8, 2010). "John W. Kluge, the Founder of Metromedia, Dies at 95". The New York Times.
- "John Kluge: Business titan, UVA donor dies peacefully at 95"
- Forbes.com: Forbes World's Richest People 2004
- Kluge, John, The Museum of Broadcast Communications
- Kluge-Ruhe Aboriginal Art Collection of UVA
- John Kluge at Find a Grave
|America's richest person
October 23, 1989 – 1990