Philip Anschutz

Owner

Anschutz Entertainment Group Inc.

THE LATEST: AEG has felt the impact of the Covid-19 outbreak, which has prompted shutdowns of its arenas, theaters and clubs around the world. AEG Presents, one of the world&s largest live music companies, has seen the cancellation or delay of global and regional tours as well as the postponement of the Coachella Valley Music and Arts Festival, which it promotes each year. AEG and its subsidiary, AEG Facilities, recently merged with SMG Holdings Inc. to create ASM Global, the world's leading provider of venue services and live experiences.

BACKGROUND: With an estimated worth of $11.7 billion, Anschutz is one of only two people who have made the Forbes 400 list of the richest Americans every year since the franchise began in 1982. His downtown-based sports and live-entertainment company, created in 1994, boasts ownership stakes in the Los Angeles Lakers, Kings and Galaxy, plus venues and entertainment districts such as Staples Center, L.A. Live and Dignity Health Sports Park. Based in Colorado, Anschutz also controls real estate, railroad and media investments.

YEARS ON THE LA500: 3

Return to the 2020 edition of the LA500.

Reader Poll

READER POLL: Has the Covid-19 pandemic affected your company’s plans to move or expand your office space?

Reader Poll

READER POLL: Has the Covid-19 pandemic affected your company’s plans to move or expand your office space?