robert Edward "Ted" Turner was born on November 19, 1938 in Cincinnati Ohio. At the age of nine, he moved with his family to Atlanta, Georgia where his dad continued in the billboard industry. Turner graduated from the military-oriented McCallie School in Chattanooga Tennessee. While there, he had the nickname "Terrible Ted" and was not the normal boy in school. He was an amateur taxidermist and also grew grass in his room. This "strangeness" seems to have carried on, to an extent, in his later life, as evidenced by his wearing a Confederate officerís uniform with the accompanying sword to corporate negotiations. It is interesting to note here that Ted once even challenged Rupert Murdoch to a televised boxing match in Las Vegas. While still a teenager, he went to Brown University, despite his fatherís desire that he not go there. While there, he took up yachting and became a master debater, but never finished his degree. He was asked to leave Brown after he was found in his room with a woman.
In 1963, when Ted was only 24, suffered the loss of his dad when his father shot himself following the increasing debt his billboard business had fallen into. First, Ted planned to sell the company, but after the death of his dad, he decided to try and run the business himself. He bought it back even though, many people felt he, like his father, would fail too. It didnít happen right away, but slowly, Ted started to rebuild his fatherís legacy.
Turner, Robert E (Ted), 63 , self made man.
Net Worth: $3.8 billion.
Home State: Georgia.
Marital Status: divorced, 8 children.
Brown University, Bachelor of Arts / Science.
Birth Date: Nov 19, 1938
Ranked in 2002 as the worlds 97 th. richest man in the world.
in 1970, he took over a struggling UHF channel in Atlanta, Channel 17. Out of the four major Atlanta based channels, it placed last. It was a bare-bones channel providing the community with only the minimal news required by the FCC. No original programming was produced, but instead, reruns of old shows and black and white movies were the fair of this station. In the space of just three years, Turner turned it into a company that made a profit and in 1975, his station was one of the first to gain a nationwide audience. This was TBS and it was based totally on old reruns and movies. Advertising revenue was boosted greatly as well.
Just a year later, Turner seemed to be in the savior business. He started in a totally new direction and bought the Atlanta Braves for $11 million, saving the team and possibly even Atlanta sports in general. One year later, he bought the Atlanta Hawks basketball team. When the National League owners approved Turnerís buy out of the Braves on January 14, 1976, he then handed the responsibility of managing the teams over to Stan Kasten. With Kastenís leadership, the Braves have won a couple of times in the World Series.
Ted did suffer some failures though, in the TV business. Some notable failures were the hostile takeover attempt of CBS and the large sum of money he paid ($1.6 billion) for the MGM film library. But he has a resilience and has always picked himself back up and "recreated himself."
In 1980 he started what was to become one of the most comprehensive news organizations in the United States and possibly the world. It was this year that he formed CNN, a 24-hour news channel and the first national cable network. It started off very well, but was destined to fail. To prove CNN as a formidable competitor to existing news organizations, CNN attempted to carry Jimmy Carterís press conference live while still making a scheduled report from the Middle East. It worked very well and CNN was the only news source that carried the press conference live.
Eight years later, Turner began another station, TNT (Turner Network Television). TNT is currently viewed in over 61 million homes across America.
In August, 1990, he also launched a network that stretched across the Southeast called SportSouth. The network provides coverage of Atlanta Braves baseball, Atanta Hawks and Charlotte hornets basketball, college football, auto racing, volleyball, golf, tennis and other major sporting events. This was a joint venture with Scripps Howard and Liberty Media and is available in Alabama, Georgia, Mississippi, Tennessee, South Carolina, North Carolina and Kentucky. He eventually sold the network to FOX Sports, though.
In 1996, Turner finalized a foxy deal with Time Warner. Time Warner was given ownership of TBS and everything under it. On October 10, 1996, he became the Vice Chairman of Time Warner, Inc. Now he had control of everything he had control of before plus E! Entertainment and Comedy Central.
ted is active in environmental groups and has received many civic and industry honors. Two outstanding honors were being named Time Magazinesís Man of the Year in 1991 and receiving the Governorís Award in 1992 from the National Academy of Arts and Sciences. Not only this, but he is also is a member of the board of several organizations including the National Cable Television Association, the Martin Luther King Center for Nonviolent Social Change and the Greater Yellowstone Coalition.
He is also an accomplished yachtsman. He has won national and world recognition in sailing and has successfully defended the Americaís Cup in 1977 on his yacht Courageous. When he came to accept the trophy, however, he was drunk. He also won the 1979 Fastnet Trophy and four Yachtsman of the Year awards.
Spouses-Past and Present
-Married to Turner then divorced.
Jane Shirley Smith
-Married to Turner for 20 years then divorced.
-Married Turner December 21, 1991 and current spouse.
Laura Lee Turner (Daughter)
-Mother, Judy Nye
Robert Edward Turner IV (Son)
-Mother, Judy Nye
Rhett Turner (Son)
-Mother, Jane Smith
Beau Turner (Son)
-Mother, Jane Smith
Jennie Turner (Daughter)
-Mother, Jane Smith
He is one of the world's most successful businessmen.
Among his achievements are the founding of CNN, CNNfn, TBS, TNT, Cartoon Network, the former owner of the Atlanta Braves, Atlanta Hawks, Atlanta Thrashers, WCW, donated a then record $1 billion to the United Nations, and married Hollywood star Jane Fonda. By the way, he also won the most prestigious yachting event, America's Cup in 1977. And these are only his most public achievements.
Turner has always done things his own way. He set an independent course early in his career, betting big on himself and taking daring gambles that have not always succeeded. Known as "The Mouth of the South" and "Captain Outrageous" for his notorious volubility and singular opinions, Turner built a communications empire from his father�s over-stretched billboard business and is now creatively engaged in giving away the fortune he earned from it. "Few Americans," wrote Newsweek, "have cut such a swath through life."
After all he has accomplished in the last 20 years, it's scary to think what he could have done if he was still young. He was a born salesman and entrepreneur, who has rarely failed in life and even when he did, he picked himself up and learned from the experience.
Businessmen have a well deserved reputation for being among the most dry and boring people in the world, yet Ted Turner seems like Jim Carrey's lost brother sometimes. Turner managed to make insulting comments regarding Catholics, the Pope, Pollacks, Jews, immigrants, and he even asked Rupert Murdoch -- founder of News Corp, owner of Fox and Sky Networks -- to enter a boxing ring with him.
Among the things Ted Turner has been criticized for is calling the Ten Commandments "out of date", especially the item on adultery. Ted Turner settled down a few years ago with Jane Fonda, a move that helped subdue the rumors of his womanizing. They are now separated.
Turner is currently the largest individual shareholder in AOL Time Warner as a result of the merger between Time Warner and his Turner Company a few years back, before Time Warner merged again with AOL. Turner, the vice chairman of the company, owns 148.4 million shares, or 3.6 percent of shares outstanding, according to the company's March proxy statement, although the company has reported that he has sold more than 10 million shares since that filing.
The last year has been a though one for Turner. As a large AOL Time Warners shareholder he has reason to scream. AOL stock fell nearly 75% in value, slicing $5 billion from his worth. But if we know Turner he's not the kind of guy that gives up, he will keep on fighting.
ted Turner is the 26th wealthiest man in the U.S.A. (as of 1998) and his networks continue to play a major role in the television news and entertainment industries.
Despite that fact, Turner has been called some pretty brash names throughout the years; for instance: " ĎThe mouth of the Southí and ĎCaptain Outrageousí for his notorious volubility and singular opinions." Not only has he been successful in the television/cable industry, though, but he has visualized the value of land and at present he owns various ranches within the U.S. making him the largest single landowner in America. This is interesting because his grandfather lost his own farm during the Depression and the family lived in poverty thereafter, well until Ted came along that is.
mr. Turner has made many donations to charitable organizations over the years. In 1994 alone he contributed $200 million to charitable organizations. His most notable, however, was his donation in September, 1997 of $1 billion dollars to a new foundation established to help support the United Nations. To put this in perspective, "all charitable giving by Americans in 1996 was approximately $120 billion." Turner has come under a lot of scrutiny because the large amount of money he gave. Also adding to the controversy was that Turner criticized other millionaires for not repaying their debt to society. In a 1996 New York Times interview he said, "All the money is in the hands of these few rich people and none of them give any money away. Itís dangerous for them and the country. We may have another French Revolution and theríll be another madame Defarge knitting and watching them come in little oxcarts down to the town square and BOOM! Off with their heads!" Ted believes that Forbes magazineís richest Americans list is spoiling our country because the rich try to get richer just to get higher on Forbesí list. When ABC's John Stossell suggested to Turner that he should stick to being an entrepreneur and that his donations probably wouldnít go very far, Turner looked at Stossel like he was crazy. Turner, himself, said that his father would help "less affluent students, he would pay their way to college. They wouldnít even know he did it. He did it quiet." So Ted seems to follow in his fatherís footsteps. His foundation gives financial help to over 400 organizations.
The Goodwill Games were Tedís brainchild as well. He thought that by starting the games, it would warm relations between the U.S. and the U.S.S.R. during the Cold War.