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Meet Michael Jackson's Conservative Benefactor
In the business world there's secretive and then there's Philip Anschutz. The Denver-based billionaire, whom Forbes listed as the 36th richest American in 2008, is involved in everything from oil to telecommunications to Hollywood and Conservative opinion journals like the Weekly Standard, which he just bought from Rupert Murdoch for a reported $1 million.
Lately Anschutz has been heavily invested in rehabbing the distressed career of Michael Jackson—even after the singer's death. Today, Portfolio.com looks at Anschutz's various deals with Jackson and his heirs as well as the reclusive businessman's political causes.
"The two men couldn't be more different: One a child star who grew up to become possibly the world's most flamboyant and famous performers, but whose life imploded amid accusations of child molestation, tabloid embarrassments, and gross financial mismanagement. The other is barely known outside the business world, rarely quoted on the record, and a supporter of Conservative causes that include limiting the rights of gays and lesbians and promoting 'traditional' family values in entertainment and media."
Matt Haber is the media blogger for Portfolio.com.
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