As of September 2014, Forbes has estimated his net worth to be about $8.7 billion. The second-largest set of shareholders are Reddit employees. Donald Newhouse is an American businessman who is best known to be the co-owner of Advance Publications. Reddit has 3 sets of shareholders: The largest shareholder is still Advance Publications. Advance Publications is a leading newspaper and magazine publisher with several dozen titles and owns many digital entertainment channels. Net Worth: $18.5B Family Business: Advance Publications Industry: Publishing Prominent Member: Donald Newhouse. It is a US based media company founded by his father in 1922. Newhouse founded the publishing giant in 1922, per Bloomberg. The Newhouse family is one of America’s oldest and most powerful publishing and media families. A payment, referred to as an advance in the publishing industry, is paid to an author by a publisher before publication of the author’s book. The Firm owns and invests in companies across media, entertainment, technology, communications, education, and other promising growth sectors. Advance Publications. Advance Publications, Inc. is a private, family business. If the print side of Advance Publications is on tenuous footing, the situation is less dire for the Newhouse family. In the spin-out that occurred in early 2012, Advance voluntarily reduced its sole ownership to that of a partial owner in order to put ownership in the hands of current and future employees. Sam Newhouse originally founded the family business, Advance Publications. Advance’s mission is to build the value of the company over the long-term by fostering growth and innovation across a diversified portfolio which includes media, communications, technology, education, and other promising sectors. A standard guideline for an advance is the amount the book is estimated to earn in royalties during the first six to 12 months after publication. Its portfolio of newspapers includes The Star-Ledger (New Jersey), as well as weekly titles published by American City Business Journals. Si Net Worth: $13 billion. Forbes estimated the Newhouse family’s net worth at $18.5 billion in 2016, making it the country’s 11th-richest. Headquartered in New York City, it is one of the biggest private companies in the country. Through this media company, Donald co-owns the Conde Nast, […] Donald Edward Newhouse is an American business tycoon, better known as the heir, co-owner, and President of Advance Publications. It represents the projected future royalties. Source of wealth: Advance Publications. Family patriarch S.I. Net worth: $31 billion. Advance. The deal, which The Wall Street Journal estimated is worth nearly $1.75 billion, is expected to close in the second quarter of 2019. Donald Net Worth: $11.1 billion. 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