Who Owns Newsmax

Since its launch in 1998, Newsmax has become increasingly prominent in the world of conservative news. It has gained massive popularity in the United States, attracting audiences from all political stripes — from moderate to far-right — and has become a reliable source of information and opinion for many Americans.

But who exactly owns Newsmax? That’s a surprisingly complicated question.

Christopher Ruddy is the CEO and majority owner of Newsmax Media, Inc., the parent company of Newsmax. Ruddy is an experienced publisher and entrepreneur, having worked with multiple media outlets as well as his own personal media venture. He was responsible for launching Newsmax in 1998 with former President of the United States Richard Nixon.

Ruddy is listed as the sole ultimate beneficiary of Newsmax Media, Inc., and a majority shareholder along with American Media International, the holding company which he co-founded with the powerful Rupert Murdoch. Ruddy remains an active presence within the company and is known to be deeply involved in the business strategy and operations.

In addition to Ruddy and American Media International, Newsmax Media has other investors and financial backers. In 2011, the company announced an investment of $100 million from Ronald Lauder, the brother of cosmetics entrepreneur Estee Lauder. Lauder remains a significant shareholder in the company to this day.

Additionally, a number of venture capitalists, including Goldman Sachs, have invested hundreds of millions of dollars in Newsmax Media. These investments have helped Newsmax grow, expand, and become the influential news outlet that it is today.

Thus, the story of who owns Newsmax shows that it is owned and operated by a wide range of individuals and entities. Christopher Ruddy serves as the CEO and majority owner of Newsmax Media, and with the help of Rupert Murdoch, Ronald Lauder, and a number of venture capitalists, Newsmax has become a powerful voice in the world of media.