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  • Ted Turner's wealth ebbs, thanks to AOL and bison

    08/27/2002 7:43:40 AM PDT · by Tumbleweed_Connection · 18 replies · 271+ views
    Herald Tribune ^ | 8/27/02 | Geraldine Fabrikant
    Ted Turner, apparently, is not a happy camper. Or a jolly rancher. That is because it has been a bad year to own stock in AOL Time Warner and livestock in the form of bison. And Turner, the vice chairman of AOL Time Warner, owns a lot of both. His huge stake in AOL Time Warner - he is the company's largest individual shareholder - was worth $7.2 billion when the merger of America Online and Time Warner closed in January 2001. It is now valued at $1.76 billion. Then there is the bear market in buffaloes. Turner, who is...