The Seven Richest Billionaires Are All Media Barons

Trump loyalist and CIA contractor Larry Ellison’s purchase of CNN appears imminent, and marks the latest venture into media for the world’s second-richest individual. But Ellison is not alone. Indeed, the world’s seven richest individuals are all now powerful media barons, controlling what the world sees, reads, and hears, marking a new chapter in oligarchical control over society and striking another blow at a free, independent press and diversity of opinion.

by Alan Macleod

Part 2 - Billionaire Capture

Rather is correct. No other period in history has seen such a rapid and overwhelming buy up of our means of communications by the billionaire class – a fact that raises tough questions about freedom of speech and diversity of opinion. Today, the world’s seven richest individuals are all major media barons, giving them extraordinary control over our media and public square, allowing them to set agendas, and suppress forms of speech they do not approve of. This includes criticisms of them and their holdings, the economic system we live under, and the actions of the United States and Israeli governments.

Sitting on a fortune of over $480 billion, Elon Musk is the wealthiest person in world history, and is projected to, within the next decade, become the planet’s first trillionaire. In 2022, Musk purchased Twitter, in a deal worth around $44 billion. The South-African born tech magnate quickly set about turning the platform into a vehicle for advancing his own far-right politics. In 2024, for example, he was a key figure in promoting an attempt to topple Venezuelan president, Nicolás Maduro, spreading misinformation about the country’s election, and even threatening Maduro with a future in the notorious Guantánamo Bay prison camp.

He has also very publicly rewritten his generative AI chatbot, Grok, on multiple occasions, so it would produce more conservative responses to users’ questions. One result of this was that Grok began to praise Adolf Hitler.

Musk overtook Jeff Bezos last year to become the world’s richest man. And like Musk, the Amazon founder and CEO has made several moves into the world of media. In 2013, he bought The Washington Post for $250 million, and quickly began exerting his influence on the newspaper, firing anti-establishment writers and hiring pro-war columnists. This came just months after he bought a minority stake in Business Insider (now rebranded to Insider).

One year later, in 2014, Amazon paid nearly a billion dollars to purchase Twitch, a streaming platform which hosts around 7 million monthly broadcasters. Amazon also owns a wide range of other media ventures, including movie studio MGM, audiobook platform, Audible, and movie database website, IMDB.

French billionaire, Bernard Arnault, meanwhile, has been buying up large swaths of his country’s media outlets. The chairman of luxury conglomerate, Louis Vuitton Moët Hennessy (LVMH) and the world’s seventh-richest man now sits on a media empire that includes daily newspapers such as Le Parisien and Les Echoes, magazines such as Paris Match and Challenges, as well as Radio Classique.

The remaining three individuals rounding out the top seven list all owe their wealth primarily to their media empires. Google co-founders Sergey Brin and Larry Page are collectively worth over half a trillion dollars. Google has become the dominant force in today’s hi-tech economy, and is also a major player in social media, having bought YouTube in 2006 for $1.65 billion. Thirty-five percent of Americans use the video platform as a primary source of news.

Mark Zuckerberg, meanwhile, owes his $203 billion fortune to his social media and tech ventures, including Facebook, Instagram, and WhatsApp. Like YouTube, Zuckerberg’s companies are major players in the modern news landscape, with 38%, 20% and 5% of Americans relying on Facebook, Instagram, and WhatsApp for their news and views.

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