Who owns Comcast? The founder’s son Brian Roberts owns Comcast

Who owns Comcast

Comcast Corporation is one of the largest corporations in the world. Headquartered in Philadelphia, Pennsylvania, Comcast sells all manner of products: books, internet, home security systems, film production, home video, sports management, theme parks – just to name a few. 

The corporation comes under criticism for several reasons. Critics claim that the lack of competition in most of Comcast’s service areas allows it to provide subpar services without the risk of losing business – Comcast consistently ranks among the lowest in the cable industry. The Consumerist named Comcast ‘The Worst Company in America’ in 2010 and 2014.

Nevertheless, the company’s revenue and assets continue to increase as the years go by. 

Comcast is owned by Brian Roberts, the son of founder Ralph Roberts

Brian Roberts and Ralph Roberts
Brian Roberts, with his father Ralph Roberts (Tim Shaffer/The New York Times)

Comcast CEO Brian Roberts had his first internship in his father’s company aged 15. After graduating from The Wharton School of the University of Pennsylvania, Brian became an employee of Comcast. 

Roberts rapidly rose the corporate ladder, and in 1990, aged just 31, Brian was named President of Comcast Corporation.

Brian has overseen Comcast’s evolution into a global force. When he took the reins in 1990, the company had $657 million in annual revenue; in 2021, Comcast’s yearly income was $116.38 billion. 

Roberts has received many accolades for his work, including the Legend and Leadership Award from the Yale School of Management’s Chief Executive Leadership Institute. 

Brian owns 1% equity interest and crucially 33% voting power. His influence over Comcast’s decisions makes him the owner of Comcast.