FX.co ★ Seven billionaires owning media companies

Salesforce CEO Marc Benioff

He bought the Time Magazine in September 2018. This purchase became a family investment.

Salesforce.com, Mark Benioff became the co-founder and CEO of Salesforce.com in 1999. The company is engaged in developing network software for sales departments.

Time, an American weekly news magazine, founded in 1923, became famous all over the world thanks to its ratings. The "Person of the Year" rating, traditionally published in the December issue, is one of the most popular. At different times, Adolf Hitler, Joseph Stalin, Mikhail Gorbachev and Vladimir Putin were published on the cover of the magazine.

Surgeon and entrepreneur Patrick Soon-Shiong

The pharmaceutical billionaire bought the LA Times in February 2018.

Soon-Shiong owns NantWorks and several start-ups in the health sector. He is on the board of directors of Tronc.

Patrick earned his fortune of $7.3 billion (according to Forbes) thanks to generics sales and researches for the treatment of cancer.

The billionaire was born in South Africa in the family of Chinese immigrants who moved to Africa during the Second World War. He followed in the footsteps of his father, the pharmacist.

Amazon's chief Jeff Bezos

The founder of Amazon and the richest man in the world, according to Forbes, bought The Washington Post in October 2013 for $250 million.

However, the newspaper brings not only profit to its owner but also a headache. The employees of the media complained about low salaries and overtimes. They wrote Bezos an open letter, signed by 400 employees. And Donald Trump did advise them to strike against the owner of the newspaper, saying that The Washington Post was used as an Amazon lobbyist, so it must be properly registered and begin paying taxes.

Red Sox owner John Henry

An American businessman bought the Boston Globe in August 2013.

John Henry is a financier and founder of John W. Henry & Company (JWH). He owns the Boston Red Sox Baseball Club and the Liverpool Football Club. The billionaire is also a co-owner of the NASCAR Roush Fenway Racing racing team.

The financial state of Henry is estimated by Forbes at $2.6 billion.

Investor and Owner of Minnesota Timberwolves Glen Taylor

He bought Star Tribune in July 2014 for $100 million.

Glen Taylor is an American businessman, the main owner of the teams of the National Basketball Association, Minnesota Timberwolves and Minnesota Links from the Women's National Basketball Association, and also a former member of the Senate of Minnesota.

Las Vegas Sands' CEO Sheldon Adelson

He bought The Las Vegas Review-Journal in 2015.

The chairman and CEO of Las Vegas Sands, based in Las Vegas, invested $265 million in the construction of Sands Casino in Macau and signed an agreement under which he spent $12 billion to build a complex of casinos, hotels, exhibition centers and shops.

Adelson is one of the main sponsors of the US Republican Party.

Berkshire Hathaway's CEO Warren Buffett

It was Warren Buffett who started this trend by buying in 2011 the Omaha World-Herald newspaper, published in his hometown.

Warren Buffett is one of the richest people in the world. At the moment he owns more than 30 newspapers.

In February 2018, Buffett's investment company, Berkshire Hathaway, acquired 18.9 million shares of the Teva Israeli pharmaceutical company for $358 million and 31.2 million shares of Apple.