Behind every billionaire there is a story!

Can reclusive billionaire resuscitate Timberwolves?

AEG is part of the Denver-based Anschutz Company, owned by a reclusive billionaire named Philip Anschutz. He’s the son of a Kansas oil speculator who struck it rich in 1980 when Amoco discovered huge oil and gas reserves near a family ranch in Wyoming. In 1982, Anschutz sold off some $500 million in holdings he had in Mobil Oil, and soon began buying up old railroad lines out West. Anschutz’s company laid fiber-optic cable along the rail lines, foreseeing the technology boom that came in the late 1990s. He started a telecom company that morphed into Qwest, which eventually became the local telephone provider in 14 states, including Minnesota. At one point, Forbes named Anschutz the 16th richest man on earth.

In recent years, the 67-year-old has moved into the sports and entertainment business. He owns part of the NBA’s Los Angeles Lakers and the NHL’s L.A. Kings,

http://www.citypages.com/databank/28/1381/article15452.asp