American businessman, media mogul and philanthropist, Robert Edward "Ted" Turner III has a net worth of $2.2 billion as of August 2014, according to FORBES rich list. He worked for his father at Turner Advertising until he committed suicide in 1963. He founded Cable News Network (CNN), the first dedicated 24-hour cable news channel in 1980. In addition, he founded WTBS, which pioneered the superstation concept in cable television.

Turner was perhaps the first celebrity $1 billion giver. While building his cable television empire the outspoken mogul famously criticized other billionaires for not giving money away while they were young and still had energy and ideas. In 1998 he announced a $1 billion pledge to United Nations-related causes; to date, he has given $841 million of that sum. The philanthropist pioneer owns 2.1 million acres of land across 12 states and also 100,000 acres in South America. Ted has been married and divorced three times, his last marriage was with actress Jane Fonda.

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