Over a three year period, I gave away half of what I had. To be honest, my hands shook as I signed it away. I knew I was taking myself out of the race to be the richest man in the world.

In 2006 Turner received the Bower Award for Business Leadership from The Franklin Institute. Purchase of an Atlanta UHF station in 1970 began the Turner Broadcasting System. In 1976 the FCC allowed Turner’s WTCG to use a satellite to transmit content to local cable TV providers around the nation.

He was the largest private landowner in the United States until John C. Robert Edward "Ted" Turner III (born November 19 1938) is an American media mogul. As a businessman he is known as founder of the cable news network CNN the first 24-hour cable news channel.