Denver multibillionaire Philip Anschutz is a man of varied interests. His holding company includes an eclectic stable of entertainment, media, and sports businesses, in addition to telecom and energy development. The firm typically spends between $25 million to $500 million in its portfolio companies and prefers to acquire a minority stake. Through its flagship Anschutz Entertainment Group (AEG), Anschutz promotes concerts and other events and owns 100 sports and entertainment centers such as Staples Center and the StubHub Center. AEG also owns soccer, and other pro teams in the US and Europe (including the NHL's Los Angeles Kings and a stake in the Los Angeles Lakers).
Other Anschutz holdings include movie chain Regal Entertainment Group, the family-oriented Anschutz Film Group, and the Web property group Clarity Digital. In addition, Anshutz Exploration Corporation oversees the firm's oil and gas explorations across the US with projects in Colorado, New York, Texas, and Wyoming. Anshutz also owns Xanterra Parks & Resorts, the US' largest operator of lodging and restaurants within national parks, state parks, and resorts (including locations at the Grand Canyon, Yellowstone, and Mount Rushmore).
Anschutz Company's newest venture is the development of two major wind energy projects in south central Wyoming. An Anshutz Exploration Corporation affiliate, Power Company of Wyoming, is planning a wind farm with 1,000 turbines, which will produce 2,000 to 3,000 megawatts of power. Its TransWest Express affiliate is working on an 800-mile, 600 kilovolt power transmission project that will transport wind power from Wyoming to the desert southwest in order to serve cities such as Las Vegas.
In late 2012 Anchutz Company put its AEG operations up for sale, hoping to receive about $10 billion for the sport and entertainment giant. However, in mid-2013 it called off the sale, stating its bids only got up to $8 billion.
Philip Anschutz, who founded the firm in 1958, made his first fortune in the oil and gas industry. He also founded Qwest Communications. After selling some 40 million shares of Qwest in 2007, he remained the telecom's second-largest shareholder until 2009 when he sold the rest.
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