Amos Hostetter Jr.

Last updated
Amos B. Hostetter Jr.
Born
Amos Barr Hostetter Jr.

(1937-01-12) January 12, 1937 (age 87)
New Jersey, US [1]
NationalityAmerican
Alma mater Amherst College (B.A., Economics, 1958)
Harvard University (M.B.A., 1961)
Known forMediaOne/Continental Cablevision
SpouseBarbara Lynn Walsh [2]
Children3 children [3]
ParentAmos Hostetter Sr.

Amos Barr Hostetter Jr. (born January 12, 1937) is an American businessman, who was the founder, chairman, and CEO of Continental Cablevision. With an estimated current net worth of around $3.5 billion, he is ranked by Forbes as the 538th richest person in the world as of 2020. [4] He has also served as the chairman of C-SPAN.

Contents

Early life and education

Hostetter is the son of the late Amos Hostetter, a prominent trader at Commodities Corporation and Hayden Stone. He attended the Pingry School for his secondary education and graduated in the Class of 1954. [5] After graduating from Amherst College in 1958 with a B.A. in Economics, he obtained a M.B.A. from Harvard University in 1961.

Career

In 1963, Hostetter and his college roommate and fraternity brother, H. Irving Grousbeck, founded Continental Cablevision in Fostoria, Ohio and Tiffin, Ohio. At the time of the company's sale in 1996 to US West, it was the largest privately owned cable company.

Hostetter is currently chairman of Pilot House Associates, LLC.

In 1999, Amos and his wife, Barbara Walsh founded the Barr Foundation which has given out over $710 million in the 21 years since. In 2016, the foundation had assets totaling $1.6 billion and focuses its philanthropy in the Boston region. [6]

Personal life

In 1982, Hostetter married Barbara Lynn Walsh of Lakeville, Connecticut. [2] They have three children: Caroline, Elizabeth, and Tripp. [3]

In 2003, Hostetter purchased the historic Second Harrison Gray Otis House on Mount Vernon Street in Boston for an estimated $12 million. [7]

He is a Life Trustee at Amherst College, his alma mater. Barbara and Amos founded the Barr Foundation in Boston and remain trustees. [8] The $1.6 billion foundation, one of the state's largest philanthropies, makes grants for the arts, education, and climate change. [9] Hostetter donated to the Lincoln Project, a Republican-led super PAC. [10]

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References

  1. ↑ "Amos Hostetter, Jr. - Leadership - Harvard Business School".
  2. 1 2 "Barbara Walsh Becomes a Bride". The New York Times , December 16, 1984.
  3. 1 2 "The World's Billionaires - Amos Hostetter Jr." Forbes , December 2020.
  4. ↑ "Amos Hostetter, Jr". Forbes. Retrieved 2020-12-26.
  5. ↑ Donahue, Chris. "Pingry dedicates", Courier News (Somerville, New Jersey), May 10, 2003. Accessed February 11, 2011. "The center is named after the late parents of Amos B. Hostetter Jr., who graduated from Pingry in 1954 and his sister Janet Hostetter Wilson."
  6. ↑ "Who's Behind the Barr Foundation?". Boston . 2016-01-31. Retrieved 2018-12-01.
  7. ↑ "Boston.com: Local breaking news, sports, weather, and things to do".
  8. ↑ "Who We Are". The Barr Foundation. Archived from the original on 1 December 2018. Retrieved 1 December 2018.
  9. ↑ Storrs, Francis (May 15, 2006). "The 50 Wealthiest Bostonians". Boston . Retrieved 1 December 2018.
  10. ↑ "Six More Billionaires Donate to the Anti-Trump Lincoln Project". July 15, 2020.
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