Alan Gerry
$1.5B
Born
Dec 25, 1928
Age
96
Source of Wealth
Cable television
Residence
Liberty, New York
Citizenship
United States
Marital Status
Married
Children
3
Education
Drop Out, High School
- Alan Gerry started building a cable TV network in upstate New York in 1956.
- It became Cablevision Industries, which at its peak had 64 cable systems in 18 states.
- Gerry sold Cablevision Industries to Time Warner in 1996 for a reported $2.7 billion; he pocketed an estimated $900 million.
- He used that money to start own venture capital firm, Granite Associates, in 1996 to invest in emerging communications technologies.
- After a 17-year absence from cable, Gerry joined the advisory board of BCI Broadband in 2013.
- Gerry bought the site of the 1969 Woodstock festival and a decade later turned the location into the Bethel Woods Center for the Arts, an 800 acre cultural center.
- Gerry initially got into cable to increase demand for TV sets--he owned a television repair shop.
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