Coachella's Net Worth Surges Past $100 Million: A Forbes-Style Analysis
Coachella’s Profitability: A Music Industry Powerhouse Coachella, the iconic music festival, has achieved remarkable financial success, becoming the first recurring festival to exceed $100 million in profit. In 2017, it raked in a record-breaking $114 million, showcasing its dominance in the music world. Who Owns the Coachella Empire? Behind Coachella’s phenomenal success lies Philip Anschutz, a billionaire businessman with a net worth of $15.3 billion. Through his company, The Anschutz Corporation, he owns Coachella and a vast entertainment empire including sports teams, nightclubs, and theaters worldwide....