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AEG founder Philip Anschutz's Anschutz Foundation has handed over more than $200,000 to fund anti-marijuana efforts in Colorado. His next financial triumph came through the formation of Qwest Communications, which Anschutz founded in 1988 after devoting resources to lay fiber-optic cable alongside his railroad land, a smart bet that eventually resulted in a $2 billion IPO in 1997 and larger financial gains in the years to follow."Both The Anschutz Foundation and I contribute to numerous organizations that pursue a wide range of causes," the statement continues. Philip Frederick Anschutz (/ ˈ æ n ʃ uː t s / AN-shoots; born December 28, 1939) is an American billionaire businessman who owns or controls many companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and music. Philip Anschutz, head of AEG and owner of the Los Angeles Galaxy, stands on the field after the Galaxy defeats the Houston Dynamo 3-1 to win the 2012 MLS Cup on … AEG Worldwide now owns and operates properties across the globe, including The O2 in London, Brooklyn’s Barclays Center, the Colosseum at Caesars Palace in Las Vegas, Sydney’s Allphones Arena, Hamburg’s Barclaycard Arena, and the Mercedes-Benz Arena in Shanghai.The Biz premium subscriber content has moved to Billboard.com/business.Philip Anschutz, head of AEG and owner of the Los Angeles Galaxy, stands on the field after the Galaxy defeats the Houston Dynamo 3-1 to win the 2012 MLS Cup on December 1, 2012 in Carson, California.To simplify subscriber access, we have temporarily disabled the password requirement. The Anschutz Foundation currently makes more than 500 grants annually.In 2016, The Anschutz Foundation received the Outstanding Foundation award from National Philanthropy Day in Colorado. Philip Anschutz is the richest person in Colorado, with an $11.7 billion fortune. By 2009, according to Forbes, Anschutz owned or controlled stakes “in some 100 businesses. Established in 1984 in CO - Founded by Philip F. Anschutz, who has various business interests and investments including entertainment venues, sports teams, media, energy and others. Take a look at how the billionaire makes and spends his fortune.Anschutz’s company did not respond to Business Insider’s request for comment on his behalf for this story.Horacio Villalobos/Corbis via Getty ImagesAnschutz’s company did not respond to Business Insider’s request for comment on his behalf regarding his real-estate and property ownership.Duane Howell/The Denver Post via Getty ImagesKevork S. Djansezian/Getty ImagesOne of those teams is the Los Angeles Kings.Harrison Jacobs/Business InsiderAEG did not respond to Business Insider’s request for comment on Anschutz’s behalf regarding his reported support of anti-LGBTQ causes.Copyright © 2020 Business Insider Deutschland GmbH. Donald Trump's second attorney general, William Barr has been an extreme Trump loyalist, going to extraordinary lengths to shield...Richard Grenell, a Republican operative known for his polarizing views and controversial work for foreign governments, is an outspoken Trump...Zalmay Khalilzad, the Trump administration's special representative to the Afghan peace process, brokered a so-called peace deal with...Don't miss a thing, subscribe to stay updated...Please note: The Militarist Monitor neither represents nor endorses any of the individuals or groups profiled on this site. All Rights Reserved.The Anschutz Entertainment group came together in 1999 to focus on Anschutz’s expansion into sports and venue ownership. Company-sponsored foundation . Under the AEG Presents brand, it is the world's second largest presenter of live music and entertainment events after Live Nation. Forest has been a public company since 1969 and its common shares are listed on the New York Stock Exchange under the ticker symbol FST. Over three decades, the foundation has given substantially to hundreds of nonprofit organizations primarily concentrated in Colorado. Anschutz, who founded the firm in 1958, made his first fortune from oil on his Utah/Wyoming ranch. On top of Coachella, he's also part owner of the LA Lakers. He went on to make a fortune investing in an assortment of oil, railway, and telecommunications businesses, including Quest Communications. Over three decades, the foundation has given substantially to hundreds of nonprofit organizations primarily concentrated in Colorado. "Neither I nor the Foundation fund any organization with the purpose or expectation that it would finance anti-LGBTQ initiatives, and when it has come to my attention or the attention of The Anschutz Foundation that certain organizations either the Foundation or I have funded have been supporting such causes, we have immediately ceased all contributions to such groups."© 2020 Billboard. Founded … By 2009, according to Forbes, Anschutz owned or controlled stakes “in some 100 businesses. But let’s take a look at some of the other, lesser-known-but-just-as-ridiculous conservative causes Coachella co-owner Phil Anschutz supports.