Posted: Sep 8, 2010 9:16 PM by Alison Haynes
CHARLOTTESVILLE, Va. (AP) - John Kluge, who built an
investment in a radio station into the Metromedia broadcasting
empire, has died. He was 95.
The University of Virginia says Kluge died Tuesday at his home
Forbes magazine's ranked Kluge as the richest man in America
from 1989 to 1991 with a net worth of more than $5 billion. He was
35th on the list in 2009.
Rupert Murdoch bought seven TV stations from Metromedia in 1985,
enabling him to form the Fox television network.
Kluge also made millions in cell phone and restaurant
businesses, and gave hundreds of millions of dollars to Columbia
University and other institutions.
Kluge was born in Germany and immigrated as a child. He got into
the radio business after World War II.