Ted Turner Net Worth: Its founder Ted Turner, who gifted CNN News to the American media, has passed away. Ted Turner breathed his last at the age of 87. Whose information has been given in an official statement issued by Turner Enterprises. This news has sent a wave of mourning across the media world.

24 hour news module was started
Ted Turner is the same person who gave new dimensions to the media world. He was the one who started the 24-hour news channel model across the world. When CNN was founded, this experiment was considered a risk, but they did not back down and took this risk. With time, his idea also reached the worldwide media and today news modules are run 24 hours a day in channels.

Also read: Indian economy is getting a boost from foreign earnings, most of the money came from America – report

Ted Turner’s net worth
According to Forbes report, at the time of Ted Turner’s death, his net worth was between $2.2 billion and $2.8 billion. Although he was a big name in the media world, most of his wealth came from land. Because of this, he was among the largest private land owners in America. At his peak his wealth reached approximately $10 million, but it declined rapidly after the merger of AOL and Time Warner.

In 1996, he sold his company to Time Warner for $7.3 billion. But when AOL bought Time Warner in 2001, the company’s shares fell and Turner’s wealth also declined significantly. Ted Turner was one of America’s fourth largest private landowners. He had about 20 lakh acres of land.

Also read: Nvidia’s ‘The End’ in China, market share dropped from 95% to 0%, Jensen Huang cornered America