Who Owns Newsmax Inc.?
Updated onExplore the ownership hierarchy of Newsmax Inc.. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Newsmax Inc.
Newsmax Inc. is a publicly traded American conservative news and media company that operates the Newsmax television channels, digital platforms, and print publications.
Chris Ruddy
American journalist and businessman Chris Ruddy, CEO and majority owner of conservative media company Newsmax Media, uses this site as a personal hub linking to his articles and social media profiles.
Newsmax Inc.
Newsmax Inc. is a publicly traded American conservative news and media company that operates the Newsmax television channels, digital platforms, and print publications.
Chris Ruddy
American journalist and businessman Chris Ruddy, CEO and majority owner of conservative media company Newsmax Media, uses this site as a personal hub linking to his articles and social media profiles.
Major Shareholders
Newsmax Inc.
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Christopher Ruddy (via Christopher Ruddy Revocable Trust dated October 12, 2007) Beneficial owner of 39,239,297 Class A common shares, as reported in a Schedule 13D filed March 31, 2025; together with 88,949,358 Class B shares outstanding on March 28, 2025, this represents about 30.6% of total common stock on an as-converted basis and roughly 81% of the total voting power because each Class A share carries 10 votes versus 1 vote for Class B shares. | Founder | 30.6% | 81.5% | Mar 2025 |
Conyers Investments LLC (investment vehicle for Thomas Peterffy) Thomas Peterffy and Conyers Investments LLC jointly reported beneficial ownership of 23,045,352 Class B shares in a Schedule 13G dated March 31, 2025, equal to 25.9% of the Class B float and approximately 18% of total common shares outstanding as of March 28, 2025; because these are Class B shares with one vote each, this corresponds to about 4–5% of total voting power. | Corporate | 18.0% | 4.8% | Mar 2025 |
Naples Investment HoldCo, LLC (backed by Sheikh Sultan bin Jassim Al‑Thani via Heritage Investments) Naples Investment HoldCo, LLC and affiliated Heritage entities disclosed beneficial ownership of 19,737,553 Class B shares in a Schedule 13G dated March 28, 2025, representing 22.2% of the Class B shares and roughly 15% of total common equity based on the same 88,949,358 Class B and 39,239,297 Class A shares outstanding; media and investigative reports identify Qatari royal Sheikh Sultan bin Jassim Al‑Thani as the ultimate economic owner of this stake. On a one‑share‑one‑vote basis for Class B stock, this corresponds to roughly 4% of overall voting power, substantially less than its economic stake because Class A carries 10 votes per share. | Corporate | 15.4% | 4.1% | Mar 2025 |
Ekwatoria Enterprises Inc. (associated with investor Vadim Shulman) Forbes and subsequent investigative reporting describe Ukrainian businessman Vadim Shulman, through Ekwatoria Enterprises Inc., as holding roughly a 4% equity stake in Newsmax following the 2025 IPO, making him one of the largest outside investors; these reports indicate his interest is in Class B shares, which carry one vote per share, so his voting influence is materially smaller than his economic ownership. Exact share and voting percentages are not disclosed in publicly accessible SEC Schedule 13D/G filings, so this figure should be treated as an estimate based on those media accounts. | Corporate | 4.0% | — | Mar 2025 |
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