Craig Mccaw Net Worth is$1.5 Billion
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Profession: Businessperson, Investor, Entrepreneur

Date of Birth: Aug 11, 1949

Nicknames: Craig Mccaw

Country: United States of America

Craig McCaw net worth: Craig McCaw is an American businessman with an estimated net worth of $1.5 billion which makes him one of the richest people in Washington. Born in Centralia, Washington, Craig McCaw graduated from Stanford University and decided to focus on rebuilding his family's struggling broadcasting company after finishing school. Using the money from their last remaining cable company, he rebuilt their broadcasting network, and by the 80s, his family's firm was the 20th largest cable carrier in the United States. He also began to invest in the cellular industry in the 80s, and went on to sell portions of MCI to Comcast, and his own cellular company to AT&T. He also pulled Nextel back from the brink of failure, and went on to sell it to Sprint. Each sale was a multi-billion dollar transaction. At one point, he was the highest paid CEO in the United States. He also founded the Clearview Corporation, a national broadband company, in 2004. Craig and Wendy McCaw had one of the most expensive divorces ever when after she received a $460 million settlement.
Craig McCaw (born August 11, 1949 in Centralia, Washington) is a Seattle-area businessman and entrepreneur who achieved success as a pioneer in the cellular phone industry. He is the founder of McCaw Cellular (now part of AT&T Mobility) and Clearwire Corporation.
Craig is the second of four sons of Marion and John Elroy McCaw. McCaw's father was a broadcasting magnate. He was in the business of buying and selling TV and radio stations, which brought in wealth but also incurred significant debts. Elroy entered the cable television business in the 1960s, and his four sons worked as linemen and door-to-door salesmen.
When Elroy died, the only company not sold to repay the debt was the small Centralia cable company with estimated 2,000 to 4,000 subscribers, which was in trust. During his senior year at Stanford, Craig took the helm of the cable company and set out to rebuild his family name. He used the cash flows from his growing cable company to purchase other remote cable companies, resulting in a profitable conglomerate. By the 1980s, McCaw Cablevision was the 20th largest cable carrier in the United States.
When the FCC held a lottery for cellular licenses in the early 1980s, many ordinary Americans got rich by winning the right to establish cellular systems in cities across America. In addition to entering the lottery himself, McCaw approached many other lottery winners and bought their cellular rights, which were already considered to be undervalued. Using the same tactic he'd used in cable TV, McCaw financed an aggressive cellular expansion by borrowing against and selling shares in the cable operation. Through continued borrowing and smart management of only the most useful licenses, this wireless land grab put McCaw's operation in the position of a competitive nationwide cellular carrier before the incumbent landline telephone industry took serious notice of the field.
After acquiring MCI's cellular wing in 1986, the McCaw brothers sold the cable c

Craig Mccaw Latest News

25 Timeless Cars That Revolutionized the Auto Industry

In 2002, a sale of a GTO became the most expensive car transaction in history when Craig McCaw purchased it for an incredible $35 million. Besides the spike in manufacturing, World War II ended up being a crucial catalyst for the expansion of the auto ...
Posted: August 12, 2017, 12:38 am

McCaw family sells two Union Station office buildings in Seattle

Keith McCaw died in 2002. His brothers, Craig and Bruce, are listed in state records as vice presidents of the entity that sold the buildings to the Los Angeles group. Their father, John Elroy McCaw, was a pioneer in the cable business, founding a company ...
Posted: March 26, 2013, 10:29 pm

Meet the billionaire who’s selling this B.C. island for $75M

This will add to the belief. James Island, located in the Gulf Island archipelago between Vancouver Island and the U.S. mainland (see map below), is once again on the block, with owner Craig McCaw, a U.S. telecommunications exec, listing the property with ...
Posted: September 2, 2014, 4:28 am

Only one California newspaper endorses Trump

The News-Press was bought by McCaw, ex-wife of early cellular communications pioneer Craig McCaw, in 2000. Reporters and editors alleged improper interference by the ownership in editorial decisions, and in 2006, nine journalists resigned from the paper.
Posted: September 26, 2016, 4:44 pm

Billionaire Islands: Craig McCaw's James Island

Well, this beauty might still be on the market if you're willing to pay a pretty penny. James Island is owned by billionaire and cellphone pioneer Craig McCaw, it has a boss golf course, it's guarded by a ferocious canine, AND it has a little mock town ...
Posted: December 16, 2015, 3:09 am
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