The 89th wealthiest man in the world -Part 2 - John Kluge

John Werner Kluge is a German-American entrepreneur and a billionaire. He is best known as a television industry mogul in the United States. Kluge's major move into media was by purchasing stock in the Metropolitan Broadcasting Corporation in the mid-1950s. In 1986, Kluge sold the Metromedia television stations to the 20th Century Fox film studio, which was now controlled by Rupert Murdoch's News Corporation, for a reported USD $4 billion. Those stations would later form the core of what would become the Fox television network. The following year, Forbes Magazine placed John Kluge at the top of its list as the richest man in America.