Reese Schonfeld Net Worth (Updated 2026).

Reese Schonfeld, a name synonymous with the birth of the Cable News Network (CNN), began his career in the broadcasting industry in the early 1950s. He started as a staff announcer at WABC-TV in New York City, where he honed his skills in front of the camera and behind the scenes. Schonfeld’s talent and dedication quickly propelled him up the ranks, and he soon found himself producing and directing various shows, including the popular “The Mike Douglas Show.”

In the late 1970s, Schonfeld took a leap of faith that would forever change the landscape of news broadcasting. He was appointed as the first president and CEO of the newly formed CNN, a 24-hour news channel that was a first of its kind. With his extensive experience in television production and a vision for the future of news consumption, Schonfeld led the team that launched CNN on June 1, 1980. The network’s debut was marked by the coverage of the attempted assassination of then-President Ronald Reagan, an event that showcased the power and potential of live, breaking news coverage.

Reese Schonfeld’s Current Net Worth (2025)

As of 2025, Reese Schonfeld’s current net worth is estimated to be around $50 million, according to the latest available information. This figure reflects his successful career and various business ventures.

Career

Reese Schonfeld is a prominent figure in the cable television industry. He co-founded CNN in 1980 and served as its first president. Under his leadership, CNN revolutionized the way news was delivered, providing 24-hour coverage. He later founded and served as CEO of the Entertainment and Sports Programming Network (ESPN) from 1979 to 1982.

Other Ventures

After leaving ESPN, Schonfeld founded and served as CEO of the USA Network from 1982 to 1984. He also co-founded and served as CEO of the International Cable Radio Network (ICRN) in 1987. Additionally, he has been involved in various other media and technology ventures throughout his career.

Assets

Schonfeld’s assets include significant investments in media and technology companies, as well as real estate. He owns a substantial stake in the YES Network, a regional sports network, and has investments in other media and technology companies. He also owns properties in various locations across the United States.

Annual Income

Schonfeld’s annual income is not publicly disclosed. However, given his successful career and various business ventures, it is likely that his annual income is substantial. His income likely comes from his investments, board seats, and any consulting work he may do in the industry.

Frequently Asked Questions about  Reese Schonfeld

Reese Schonfeld Net Worth FAQs

1. What is Reese Schonfeld’s net worth?

Reese Schonfeld’s net worth is estimated to be around $50 million.

2. How did Reese Schonfeld make his money?

Reese Schonfeld made his fortune primarily through his work in the media industry. He co-founded CNN and served as its first president.

3. When was Reese Schonfeld born?

Reese Schonfeld was born on October 22, 1933.

4. Where did Reese Schonfeld grow up?

Reese Schonfeld grew up in New York City, New York.

5. What is Reese Schonfeld’s educational background?

Reese Schonfeld graduated from the University of Michigan with a degree in English. He also has a law degree from Columbia Law School.

6. What was Reese Schonfeld’s role at CNN?

Reese Schonfeld served as the first president of CNN, from its launch in 1980 until 1985.

7. What happened to Reese Schonfeld after he left CNN?

After leaving CNN, Reese Schonfeld founded and served as CEO of the American Satellite Corporation (ASC). He also worked as a consultant for various media companies.

8. Has Reese Schonfeld written any books?

Yes, Reese Schonfeld has written a book titled “Me and Ted Against the World: The Unauthorized Story of the Founding of CNN”.

9. What awards has Reese Schonfeld received?

Reese Schonfeld has received several awards, including the Broadcasting & Cable Hall of Fame, the International Radio & Television Society’s Gold Medal, and the University of Michigan’s Alumni Society’s Distinguished Alumni Award.

10. Is Reese Schonfeld still alive?

Yes, Reese Schonfeld is still alive. He currently resides in New York City.