Christopher Ruddy Net Worth: How Much Is the Newsmax CEO Worth?
Christopher Ruddy is the founder and CEO of Newsmax Media, a conservative media company that owns and operates Newsmax TV, Newsmax.com, and Newsmax Magazine. Ruddy is also a journalist, author, and philanthropist who has been involved in various political and social issues. Ruddy is known for his close relationship with former President Donald Trump, whom he has interviewed and supported on several occasions. Ruddy is also known for his wealth, which has increased significantly in recent years due to the growth and popularity of Newsmax. In this post, I will tell you more about Christopher Ruddy, his career, his achievements, and his net worth.
The Career of Christopher Ruddy
Christopher Ruddy was born in 1965 in New York City. He graduated from St. John’s University with a degree in history and journalism. He then worked as a reporter for various newspapers, such as the New York Post, the Pittsburgh Tribune-Review, and the New York Daily News.
Ruddy gained national attention in the 1990s for his investigative reporting on the death of Vincent Foster, a White House aide who committed suicide in 1993. Ruddy claimed that Foster’s death was suspicious and possibly linked to the Clintons, who were then under investigation for various scandals. Ruddy’s reporting was controversial and criticized by many mainstream media outlets and experts.
In 1998, Ruddy founded Newsmax Media, a media company that aimed to provide conservative news and commentary to counter the liberal bias of the mainstream media. Newsmax Media started as a website, Newsmax.com, that offered online articles, newsletters, and podcasts. In 2001, Newsmax Media launched Newsmax Magazine, a monthly print publication that featured political and lifestyle stories. In 2014, Newsmax Media launched Newsmax TV, a cable news channel that offered live news, talk shows, and documentaries.
Newsmax Media grew rapidly in the 2000s and 2010s, reaching millions of viewers and readers across the US and abroad. Newsmax Media also attracted many prominent conservative figures and personalities, such as Sean Hannity, Rush Limbaugh, Bill O’Reilly, Sarah Palin, Rudy Giuliani, etc. Newsmax Media also developed a close relationship with Donald Trump, who became a frequent guest and contributor to Newsmax TV and Newsmax.com.
Newsmax Media reached its peak in 2020, when it emerged as one of the leading sources of information and support for Trump and his supporters during the presidential election and its aftermath. Newsmax Media was one of the few media outlets that refused to acknowledge Joe Biden’s victory and continued to promote Trump’s claims of voter fraud and election irregularities. Newsmax Media also challenged the ratings and credibility of other mainstream media outlets such as Fox News, CNN, MSNBC, etc.
The Achievements of Christopher Ruddy
Christopher Ruddy has achieved many accomplishments and recognitions for his work as a journalist, entrepreneur, and philanthropist. Some of them are:
- He was named one of the most influential people in US news media by The Hollywood Reporter in 2017.
- He was ranked among the top 100 CEOs in America by Glassdoor in 2018.
- He received the Ellis Island Medal of Honor in 2019 for his contributions to American society.
- He donated $1 million to the Clinton Foundation in 2015 to support its humanitarian efforts around the world.
- He donated $2 million to St. John’s University in 2019 to establish the Christopher Ruddy Endowed Scholarship Fund for journalism students.
The Net Worth of Christopher Ruddy
Christopher Ruddy’s net worth is estimated to be around $100 million as of 2021. His net worth is mainly derived from his ownership and earnings from Newsmax Media, which is valued at over $300 million. His net worth has increased significantly in recent years due to the surge in popularity and revenue of Newsmax Media.
Ruddy lives in a luxury penthouse apartment in Manhattan that he bought for $23 million in 2017. He also owns a mansion in Palm Beach, Florida that he bought for $12 million in 2018. He also owns several cars, including a Bentley Continental GT.
Conclusion
Christopher Ruddy is the founder and CEO of Newsmax Media, a conservative media company that owns and operates Newsmax TV, Newsmax.com, and Newsmax Magazine. Ruddy is also a journalist, author, and philanthropist who has been involved in various political and social issues. Ruddy is known for his close relationship with former President Donald Trump, whom he has interviewed and supported on several occasions. Ruddy is also known for his wealth, which has increased significantly in recent years due to the growth and popularity of Newsmax. His net worth is estimated to be around $100 million as of 2021.