Founded 22 years ago, Newsmax.com, a news website of Newsmax Media is now one of the most influential conservative news sites in the U.S. And the man who founded the company is Christopher Ruddy, who is also the CEO of Newsmax Media. Ruddy is a well-known broadcaster. He previously worked at the New York Post and the Pittsburgh Tribune-Review.
Christopher Ruddy was born on January 28, 1965, in Mineola, New York, the United States. He grew up in the suburbs of Long Island, New York. Ruddy's father was a police officer. He graduated summa cum laude with a degree in history from St. John's University. Similarly, he received a Master's degree in public policy from the London School of Economics.
Christopher Ruddy Married Life
Despite being the CEO of the nation's greatest media company, Christopher has successfully managed to keep his personal life under the radar. Yes, it is not known whether the 55-year-old entrepreneur is married or not.
To date, Ruddy hasn't mentioned his wife or his children, which indicates that the broadcaster has never been married. Further, the details about Ruddy's past affairs and relationship is a mystery. Unlike Ruddy, Jonah Peretti, the owner of the billionaire digital media company, Buzzfeed is a married man.
Christopher Ruddy Net Worth
The exact information of Christopher Ruddy's net worth is yet to be disclosed. As per reports, his television business could be worth billions of dollars. Further, Newsmax.com alone projected its 2018 revenues at over $59 million. The earnings were divided among advertising, subscriptions, and e-commerce.
Being the founder of Newsmax, Christopher's fortune must be in millions of dollars. In an article published in The New York Times, it was revealed that Ruddy's company invested $70 million from 2014-2017. The major source of Ruddy's income comes from his media company which includes a news website, a news magazine, and a cable news channel.
Newsmax.com earned $25 million in 2008, $35 million in 2009, and $50 million in 2010. As per S&P Global Market Intelligence's Kagan, Newsmax TV generated an estimated $25 million in net ad revenue in 2020.
Newsmax: One of the nation's greatest media Companies
Christopher founded Newsmax Media back on September 16, 1998. The company operates a multiplatform network, including Newsmax.com, Newsmax magazine, and Newsmax TV.
As per The New York Times, Newsmax.com is mostly influential in American conservative groups. By 2010, the website became one of the strongest conservative voices online. Talking about Newsmax magazine, it is one of the U.S largest independent monthlies. In 2019, the company reported a monthly readership of 300,000.
Further, Newsmax TV says it is in 70 million households. After the 2020 U.S presidential election, the channel saw ratings rise to leave behind CNBC and Fox Business. The increase in ratings is partially credited to the network's refusal to project Joe Biden as the winner of the election.
Christopher Ruddy Career Overview
During his early career, Ruddy worked as a bilingual high school social studies teacher in New York. He was editor in chief of the New York Guardian as well. In 1998, Christopher founded Newsmax Media.
Watch Newsmax Media CEO, Christopher Ruddy talking about the future of conservatives!
By 2010, Ruddy went on to become one of the 100 Most Influential Conservatives in the U.S. As of now, Newsmax has a different approach to the future than its rivals. One of his rivals is Fox Broadcasting which was founded by Rupert Murdoch in 1990.
Christopher has friends in higher places including former president Bill Clinton and Donald Trump. He has served on the board of directors of the American Swiss Foundation and is on the Financial Publishers Association. Besides, Ruddy is an author of few books.