What is Edmund Ansin's Net Worth?
Edmund Ansin is an influential American billionaire with a net worth of $1.4 billion. As a co-founder of Sunbeam Television, Ansin leveraged a real estate fortune and expanded it with television stations. Born in Worcester, Massachusetts, he briefly attended Harvard and graduated with a B.S. in Economics from the University of Pennsylvania in 1957.
Early Career and Real Estate Ventures
In the 1950s, Edmund worked alongside his father, Sidney, utilizing profits from their family’s Boston shoemaking business to invest in Florida real estate. Some of these properties, including holdings in Florida and Indianapolis, continue to be owned and maintained by him.
The Birth of Sunbeam Television
In 1962, Sidney Ansin purchased Miami's WSVN Channel 7, an NBC affiliate, for $3.4 million. This acquisition allowed Edmund to step into a significant role as executive vice president of Sunbeam Television Corp, the station’s holding company. After his father’s death in 1971, Edmund took over as president of Sunbeam Television.
WSVN Channel 7 and Journalism Innovations
Under Ansin’s leadership, WSVN, which now operates as a Fox affiliate, pioneered the “if it bleeds, it leads” style of TV journalism. This approach focused on crime and consumer-interest stories, significantly influencing the broadcasting landscape. Despite his successes, Edmund Ansin has shown no intentions of retiring even as he continues his work into the late 1970s.
