The Colorado bil­lion­aire’s lat­est bat­tle fea­tures a sur­pris­ing op­po­nent: heavy-metal singer Ozzy Os­bourne.

Forbes - - CONTENTS -


5.6 mil­lion

2016 Gross state Prod­uct:

$343 bil­lion (3.6% Growth) GsP Per caPita:


(ranks no. 16 na­tion­wide) num­ber of bil­lion­aires: 10 rich­est:

philip an­schutz nEt Worth: $13.9 bil­lion IT’S A CASE OF rock star ver­sus bil­lion­aire.

Philip An­schutz’s An­schutz En­ter­tain­ment Group (AEG) owns or con­trols dozens of the world’s best con­cert venues, in­clud­ing the Sta­ples Cen­ter in Los An­ge­les and Lon­don’s O2 arena. So when heavy-metal singer Ozzy Os­bourne, 69, wanted to book dates at the O2 for Fe­bru­ary 2019, AEG said yes—on the con­di­tion that he also play the Sta­ples Cen­ter.

Feel­ing pres­sured, Os­bourne di­rected his U.K. pro­moter, Live Na­tion, to sign, even though in L.A. he prefers to play the Fo­rum (a venue owned by AEG’s fierce com­peti­tor Madi­son Square Gar­den). So Os­bourne is now su­ing AEG, ac­cus­ing it of vi­o­lat­ing an­titrust law by co­erc­ing him and other artists to play Sta­ples while re­strain­ing venue com­pe­ti­tion. AEG at­tor­neys say there’s noth­ing in the agree­ment that pre­vents Os­bourne from also put­ting on a show at the Fo­rum. (The law­suit is on­go­ing.)

AEG, worth an es­ti­mated $8 bil­lion, makes up the big­gest part of An­schutz’s for­tune, but he also owns stakes in oil, rail­roads, tele­com, real es­tate and sports teams, in­clud­ing a third of the L.A. Lak­ers. An­schutz, 78, who took over his fa­ther’s oil-drilling busi­ness at age 25, also owns the pala­tial Mediter­ranean-style Broad­moor Ho­tel at the foot of Cheyenne Moun­tain in Colorado Springs.

“I started com­ing here when I was 5,” An­schutz told Forbes in 2016 from the Broad­moor (where this pic­ture was taken as well). “When I was 10 . . . I told my mother and fa­ther I was go­ing to buy the Broad­moor . . . . Ob­vi­ously my fi­nan­cial ca­pa­bil­ity was a lit­tle short at the time.”

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