The second-largest set of shareholders are Reddit employees. Through this media company, Donald co-owns the Conde Nast, […] Net Worth: $18.5B Family Business: Advance Publications Industry: Publishing Prominent Member: Donald Newhouse. Advance Publications, Inc. is a private, family business. Its portfolio of newspapers includes The Star-Ledger (New Jersey), as well as weekly titles published by American City Business Journals. It represents the projected future royalties. 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. 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. Advance Publications is a leading newspaper and magazine publisher with several dozen titles and owns many digital entertainment channels. Newhouse founded the publishing giant in 1922, per Bloomberg. Source of wealth: Advance Publications. The Newhouse family is one of America’s oldest and most powerful publishing and media families. Reddit has 3 sets of shareholders: The largest shareholder is still Advance Publications. Donald Edward Newhouse is an American business tycoon, better known as the heir, co-owner, and President of Advance Publications. As of September 2014, Forbes has estimated his net worth to be about $8.7 billion. Advance. Advance Publications. Donald Newhouse is an American businessman who is best known to be the co-owner of Advance Publications. The Firm owns and invests in companies across media, entertainment, technology, communications, education, and other promising growth sectors. Sam Newhouse originally founded the family business, Advance Publications. Si Net Worth: $13 billion. It is a US based media company founded by his father in 1922. Headquartered in New York City, it is one of the biggest private companies in the country. The parent company, Advance Publications, this week plunked down $1.75 billion to buy Turnitin, a profitable, plagiarism-detecting software outfit in the education field. Donald Net Worth: $11.1 billion. 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. Net worth: $31 billion. 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. Family patriarch S.I. 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