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Who Is John Malone, the $10.8 Billion-Worth American Cable Mogul Set to Replace Greg Maffei?

Somin Bhattacharjee
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Greg Maffei, President and chief executive officer of Liberty Media, during the Italian Grand Prix

Weeks before arguably Liberty Media’s most glamorous addition to the F1 calendar, the Las Vegas GP, there has been a major shakeup within the company, with Greg Maffei leaving his role as CEO. John Malone has been announced as the man to replace him.

Maffei will leave his role at the end of the year, with 31st December officially being his last day in office. Malone has been announced as an interim replacement, with it being unclear who the new permanent CEO will be.

Worth $10.8 billion as of 2024, Malone built his wealth and fame between the 1970s and 1990s when he was CEO of Tele-Communications Inc. (TCI). He sold the company to AT&T a year before the turn of the millennia and has since been an investor in various sectors.

Malone is also the current Chairman of Liberty Media and the largest voting shareholder. That’s not all — the 83-year-old is also a member of the board of directors for Qurate Retail, Inc. and Warner Bros. Discovery, Inc.

He will temporarily become the CEO of the company he has been a Chairman of for some time until they find a proper replacement for Maffei. It seems unlikely that Malone will take over as full-time CEO.

Before taking office, Malone thanked Maffei, who had been Liberty Media’s CEO since 2005, overseeing its tremendous growth which included the purchases of F1, MotoGP, and also Formula E. “He has grown our asset base and made the company better and more valuable for shareholders, along the way overseeing as many as five separate public companies simultaneously,” Malone said in a statement.

Post Edited By:Vidit Dhawan

About the author

Somin Bhattacharjee

Somin Bhattacharjee

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Basketball Editor Somin Bhattacharjee first discovered the game during the 2014 FIBA World Cup. Not long after, he turned to the NBA and found himself drawn to the Golden State Warriors — right at the start of Stephen Curry’s rise. Over time, the admiration turned into full-blown support for the team, one that continues even as the Curry era approaches its twilight. A true hoophead, Somin also follows EuroLeague basketball closely and enjoys exploring the game beyond the NBA. Though holding a bachelor's degree in marketing, Somin discovered his true calling in writing. Since 2021, he has penned over 3,000 articles for TheSportsRush, covering everything from breaking news to sharp opinion pieces and detailed exclusives. He thrives on writing about in-game moments and the reactions that make basketball a uniquely emotional sport. Beyond basketball, Somin plays different sports including soccer and remains a passionate fan of Spanish football giants Real Madrid

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