Media billionaire Si Newhouse (89) passed away

new york - Samuel 'Si' Newhouse Jr., the publisher of some of the best-known American magazines such as Vogue, The New Yorker and Vanity Fair, died at home at the age of 89 on Sunday. That has confirmed a family spokeswoman for The New York Times.

The media billionaire built his father's business into a conglomerate with 25,000 employees. Advance Publications Inc. is the 40th place of the Forbes list 2017 of largest US private companies. Newhouse's assets are estimated at $ 12.7 billion (10.7 billion), which is ranked in the top 35 of the richest Americans. His younger brother Donald accounts for 11.7 billion.

In addition to the Condé Nast magazine division, Advance Publications also has dozens of American newspapers, radio stations and cable television networks.