Charles Dolan Biography
Charles Dolan (Charles Francis “Chuck” Dolan) is an American billionaire, and the founder of Cablevision. Through supervoting shares, Dolan today controls MSG Networks, Networks, and The Madison Square Garden Company, which at one point were all part of Cablevision itself.
Charles Dolan Age
Charles Dolan was born on October 16, 1926, in Cleveland, Ohio, the United States, He is 96 years old as of 2022.
Charles Dolan Height
Dolan stands at an estimated height of about 5 feet 7 inches tall.
Charles Dolan Family
Dolan was born and raised by his loving parents in Cleveland, Ohio. His father, David, worked as an investor in relation to Ford Motor. The identity of Dolan’s mother is still unavailable at the moment however he was raised alongside his younger brother Larry Dolan.
Charles Dolan Wife
Dolan is married to Helen Ann and together they have 6 children, including James L. Dolan.
Charles Dolan Salary
Dolan earns an estimated salary of about $50000 to $100000 annually.
Charles Dolan Net worth
Charles Dolan earns his income from his business investments and from other related organizations. He also earns his income from his work as the founder of Cablevision. He has an estimated net worth of $ 5.5 billion USD.
Charles Dolan Education
Charles Dolan attended Cleveland Heights High School. He then joined John Carroll University before dropping out and entering the telecommunications field.
Charles Dolan Businessman
Charles Dolan’s earliest professional endeavors focused on the packaging, marketing, and distribution of sports and industrial films, which he produced with his wife in their Cleveland home and then sold to television stations that syndicated the material.
He sold his interests to Telenews in exchange for a job and when Dolan was 26 he moved to New York and founded Teleguide Inc, a service that provided information to hotels.
That same decade, Dolan founded Sterling Manhattan Cable, the first company to wire buildings to have cable television access. In its early years, Sterling forged first-of-its-kind agreements to bring New York professional sports teams, cultural programming, and movies into the homes of New York City cable viewers, including agreements with the New York Knicks and New York Rangers. Two years later, he sold Sterling Cable’s Manhattan operations to Time Inc and renamed his Long Island business Cablevision Systems.
In the early 1970s, Dolan founded Home Box Office, the first premium programming service in the cable television industry, which he sold to Time-Life. Later, he organized Cablevision Systems Corporation on Long Island and spearheaded many of the company’s advancements.
Most recently, he was the vision behind VOOM, Cablevision’s effort to expand content delivery and meet the demands of the exploding HDTV market, which was expected to include 6 million households by the end of 2003 and 12 million by year-end 2005.
From 2001 through early 2002, Dolan was a major bidder in the sale of the Boston Red Sox. He submitted a maximum bid of $750 million but ultimately lost out to a group headed by John Henry, Tom Werner, and Larry Lucchino. In 2016, Dolan sold Cablevision to Patrick Drahi’s Altice for $17.7 billion.
Charles Dolan Affiliations and honors
Dolan is a trustee of Fairfield University and a member of the board of governors of St. Francis Hospital in Port Washington, New York. In November 2016, Dolan received an honorary doctorate from Fairfield University, “in recognition of his remarkable contribution to our culture industry, for his exemplary vision and tenacity as a media pioneer, and for his important contribution to Fairfield University as a trustee and donor who has supported scholarship funds and the Charles F. Dolan School of Business.”
Charles Dolan Politics
Charles Dolan has contributed to Donald Trump’s 2020 reelection campaign.
Charles Dolan Donations
Charles Dolan donated money to the Fairfield University Dolan School of Business at Fairfield University is named in recognition of his $25 million donations in 2000 and his service to the university as a member of the board of trustees.
The Dolan Center for Science and Technology is John Carroll University’s showcase building. Completed in 2003 at a cost of over $66 million, it houses JCU’s science departments, including Mathematics and Computer Science.
Charles Dolan Company
Charles Dolan controls AMC Networks, MSG Networks, and The Madison Square Garden Company, which at one point were all part of Cablevision itself.
- Cable pioneer Charles Dolan owns controlling stakes in AMC Networks and Madison Square Garden.
- Dolan sold Cablevision, the cable giant he launched in 1973 with 1,500 customers, to billionaire Patrick Drahi’s Altice for $17.7 billion in 2016.
- After dropping out of John Carroll University, the Cleveland native got his start creating sports newsreels for TV stations from his home.
- He moved to New York in 1952, making industrial films before wiring lower Manhattan with cable and founding HBO’s predecessor, which he sold in 1973.
- He is the chairman emeritus of the Lustgarten Foundation, the largest private supporter of pancreatic cancer research in America.
Charles Dolan Philanthropy
HEALTH: Dolan chairs the Lustgarten Foundation, which supports pancreatic cancer research. The foundation is named in honor of the late Marc Lustgarten, who rose to serve as vice chairman of Cablevision and chairman of Madison Square Garden. Via the Dolan Family Foundation, meanwhile, the family supported places like Autism Speaks.
HUMAN SERVICES: Past grantees include Youth Family Counseling Agency and Island Harvest, which rescues and distributes food to hungry people in New York.
EDUCATION & YOUTH: Through another one of the family’s charitable vehicles, the Dolan Children’s Foundation, the family has supported places like Chaminade High School, Stony Brook Foundation, Vermont College of Fine Arts, and Rising Star Youth Foundation. The Dolans family foundation’s grantmaking sometimes involves similar outfits.
ARTS AND CULTURE: The Dolan family, through their charities, have supported organizations like Plaza Cinema & Media Arts Center, Pomfret Historical Society, and Raynham Hall Museum.
RELIGIOUS: The family has also earmarked funds for outfits like Archdiocese of New York, Sisters of St. Dominic of Amityville, and St. Ambrose Parish.