The owner of Coachella was once dubbed 'America's most reclusive billionaire.' Meet Philip Anschutz, who's worth $15.3 billion.

• Worth $15.3 billion, Philip Anschutz owns AEG, the parent company of Coachella.
• In addition to entertainment, he built his fortune through commodities including oil and railroads.
• In 2019, Forbes named Anschutz the richest person in the state of Colorado.

Coachella Valley Music and Arts Festival, the music event currently underway in Indio, California, is owned by Philip Anschutz, an 84-year-old billionaire businessman whom The New Yorker once called "the man who owns LA." Despite living in Colorado, Anschutz is deeply embedded in California's largest city.