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Wallis Annenberg, whose family made billions from selling to Rupert Murdoch and poured them back into California, dead at 86

LOS ANGELES COUNTY, CALIFORNIA, JUL 30 – Wallis Annenberg led the Annenberg Foundation to donate $1.5 billion to Southern California causes in arts, education, animal welfare, and healthcare during her 16-year tenure.

Summary by Fortune
Wallis Annenberg, the billionaire philanthropist who supported the arts, science, education and animal welfare causes over decades in Los Angeles, died Monday, her family said. She was 86. Annenberg died at home from complications related to lung cancer, the family said in a statement to the Los Angeles Times. “Wallis transitioned peacefully and comfortable this morning to her new adventure,” the statement said. “Cancer may have beaten her body …

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Fortune broke the news in New York, United States on Wednesday, July 30, 2025.
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