Rank #2650
Alan Gerry
Net worth $1.5B
Cable television · United States
- Born
- Dec 25, 1928
- Age
- 97
- Source
- Cable television
- Residence
- Liberty, New York
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Drop Out, High School
Net worth over time
Biography
- 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.
- 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.