Owners of Advance Publications, a leading publishing firm and one of America’s largest private companies. Samuel I. Newhouse founded the family business in 1922. Today, Advance Publications’ holdings include Vogue, Vanity Fair, GQ, newspapers and Bright House Networks cable television.
After leaving college, Samuel Newhouse worked for a judge in Bayonne, New Jersey, who had acquired a local newspaper as payment for a debt. Newhouse made the small paper profitable while earning his law degree. He would then go on to own the Staten Island Advance in 1924 and acquired a host of other American newspapers during the following decades. In 1959, Newhouse bought the Condé Nast Magazine Group, which owned seven magazines, including Vogue and House & Garden. Sam’s sons, “Si” Newhouse, began running the Condé Nast magazine business, while his brother, Donald, lead the newspaper and broadcasting interests of the family. The two brothers inherited the business when their father died in 1979.
After years of expanding the family’s business, Si Newhouse died in 2017. His cousin, Jonathon Newhouse, was CEO of Condé Nast International until stepping down in 2018. Donald Newhouse’s son, Steven Newhouse, shares the Co-President title of Advance Publications with his father. The Newhouse family’s estimated net worth is $18 billion.
