executives were convicted for insider trading and fraud .
Nancy and Philip Anschutz
Sports and entertainment By the year 2000 , Anschutz – still reeling from the crash of Qwest Communications – decided to invest in the sports and entertainment industries . He was responsible for establishing Major League Soccer and , at one point , was financially supporting six leading teams . Anschutz still owns the LA Galaxy team to this day . Following these investments , he then started working in the film industry .
He launched Walden Media – a production company that specialises in family-friendly films with a moral message . The studio ’ s box office winners included the Chronicles of Narnia trilogy and Ray .
Anschutz manages his companies under an umbrella group entity called Anschutz Entertainment Group ( AEG ), which owns several venues and sports teams internationally .
Indeed , AEG Presents is second in the world only to Live Nation and has facilitated some of the world ’ s biggest concerts , from Michael Jackson ’ s ill-fated ‘ This Is It ’ tour in 2009 to Coachella .
Hotels and hospitality Not content with playing a major role in the entertainment industry space , Anschutz moved into hotels . By 2010 , he had added news outlets , including the San Francisco Examiner , to his portfolio .
In 2009 , he bought the conservative political magazine The Weekly Standard from Rupert Murdoch .
His most recent purchases include a raft of American hotels boasting an iconic reputation . He owns the Broadmoor in Colorado Springs and the Xanterra chain of luxury lodges .
A family man Yet , despite his incredibly opulent lifestyle , Anschutz has never courted media attention , instead leading a surprisingly low-profile existence over the decades . For example , he married his childhood sweetheart , Nancy , who he met when he was 16 . The couple ’ s three children have enjoyed a singularly private existence because Anschutz prefers to maintain a reclusive lifestyle . Currently residing in Denver , he lives modestly , eschewing the idea of having a chauffeur , and can sometimes be seen out at one of his hotels , wearing blue jeans and watching his favourite sports teams without being recognised .