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He's been called "America's most reclusive billionaire." Meet Philip Anschutz, who has been dubbed "America's most reclusive billionaire." The 83-year-old owns Anschutz Entertainment Group, or AEG, which is the parent company of Coachella. "Anschutz is sort of like the Wizard of Oz," Los Angeles economist Jack Kyser told the Los Angeles Times in 2006. Nobody sees him, yet he has a huge impact on Los Angeles."
Persons: Philip Anschutz Philip Anschutz, He's, Reed, You've, Philip Anschutz, Anschutz, William Herbert Hunt, Oz, Jack Kyser Organizations: Reed Saxon, Forbes, Anschutz Entertainment Group, AEG, Coachella . AEG, Wyoming -, Mobil, Rio Grande Railroad, Southern Pacific Railroad, Anschutz, Bloomberg, Los Angeles Times Locations: Coachella, Wyoming, Wyoming - Utah, Rio Grande, Angeles, Los Angeles
American businessman Philip Anschutz is worth $10.9 billion, according to Forbes, after decades building his fortune across multiple industries. Shaun Clark/Getty ImagesCoachella Valley Music and Arts Festival, the music festival currently underway in Indio, California, is owned by Anschutz, an 83-year-old billionaire businessman whom The New Yorker once called "the man who owns LA." He owns Coachella through his company, the Anschutz Corporation, and one of its subsidiaries, Anschutz Entertainment Group (AEG). AEG owns several athletic teams, operates more than 90 clubs and theaters around the world, and produces or supports more than 25 music festivals. Take a look at how the billionaire makes and spends his fortune.
April 11 (Reuters) - U.S. officials on Tuesday gave final approval for a company owned by billionaire Philip Anschutz to begin building a massive transmission line that will deliver wind energy from blustery Wyoming to power-hungry California. The "notice to proceed" from the U.S. Bureau of Land Management allows TransWest Express LLC to break ground on its $3 billion line after more than 15 years of development. A separate Anschutz firm owns the 600-turbine Chokecherry and Sierra Madre wind farm in Wyoming, which is being built, that will send power through TransWest Express. TransWest Express construction will start later this year and the first stage will be completed in 2027, the company said. The line will run from south central Wyoming, through Colorado, Utah and Nevada to a substation outside of Las Vegas.
Live Nation Entertainment is composed of Live Nation, an events promoter and venue operator, and Ticketmaster, a ticket sales giant. This is not the first time consumers have called for the breakup of Ticketmaster and Live Nation. While Live Nation Entertainment arguably has a monopoly on the industry, a monopoly in itself is not illegal in the United States. The band regularly interacts with Live Nation Entertainment. It’s unclear what's next for Live Nation Entertainment.
A solo Ticketmaster might attract financial fans
  + stars: | 2022-12-15 | by ( Jennifer Saba | ) www.reuters.com   time to read: +8 min
NEW YORK, Dec 15 (Reuters Breakingviews) - The drums are beating louder for a breakup of Live Nation Entertainment (LYV.N). For Live Nation, it’s not entirely clear that the flywheel is spinning smoothly. Live Nation says it is so dominant because it’s so much better than the competition. Putting the complicated legal and regulatory questions aside, there’s probably a financial case for Ticketmaster to become a solo act. Live Nation merged with Ticketmaster in 2010.
Philip Anschutz is an American businessman who's worth an estimated $10.9 billion, according to Forbes. Shaun Clark/Getty ImagesCoachella is owned by an 83-year-old billionaire businessman who's been called "the man who owns LA." Despite living in Colorado, Philip Anschutz is deeply embedded in California's largest city. Anschutz also owns the Los Angeles Kings hockey team and one-third of the Los Angeles Lakers basketball team, as well as both teams' home arena: Staples Center. Take a look at how the billionaire makes and spends his fortune.
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