Anne Cox Chambers was an American diplomat, media proprietor, and philanthropist who co-owned the family company Cox Enterprises, a privately held global conglomerate, for 33 years. She co-owned the firm with her sister Barbara Cox Anthony. Furthermore, from 1977 to 1981, she also served as United States Ambassador to Belgium.
However, today's article is not dedicated to her but to Margaretta Taylor, Anne's elder daughter. Margaretta is an American billionaire heiress whose professional and personal life has always been a topic of interest to many people. Hence, we are bringing this short biography which covers all the essential information regarding Taylor's life story.
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Comes From A Powerful Household
The heiress was born Margaretta Johnson on April 15, 1942, in Atlanta, Georgia, U.S. She was welcomed into this world by her father, Louis G. Johnson, and her mother. Similarly, Taylor is the granddaughter of the newspaper publisher and businessman, James M.Cox. He was the founder of the media conglomerate Cox Enterprises.
Margaretta Taylor is the granddaughter of the founder of Cox Enterprises, James M. Cox. Image Source: Wikimedia Commons.
As mentioned earlier, Margaretta Taylor's mom was a very influential personality who co-owned the media empire Cox Enterprises. Unfortunately, she passed away on January 31, 2020, in Atlanta at the age of 100 due to natural causes. On the other hand, information regarding Taylor's father has yet to be revealed.
Furthermore, Margaretta's parents exchanged wedding vows in 1940, but their marriage ended in divorce. Following the separation, Taylor's mother married Robert William Chambers in 1955. They together welcomed a son, James Cox Chambers. Similarly, Miss Taylor grew up alongside her sister, Katharine Rayner, who is two years younger than her.
Besides talking about her educational background, the Atlanta native attended Finch College and earned her bachelor of arts/science degree.
Margaretta Taylor Net Worth - $5 Billion
Cox Enterprises, Inc. is a privately held international conglomerate headquartered in Atlanta, Georgia, with approximately 55,000 employees and an annual revenue of $20.9 billion. Margaretta Taylor's net worth primarily comes from her inherited wealth from Cox Enterprises.
In December 2013, Taylor's late mother, Anne, divided her 49% stake in Cox Enterprises to her and her siblings, Katharine and James. Hence, Margaretta owns 16% of Cox Enterprises, which adds up to her net worth of $5 billion.
According to information provided by the company, Cox Enterprises had revenue of $20.9 billion in 2021. It is divided into two divisions: Cox Automotive and Cox Communications. While Cox Communications had revenue of $13.1 billion in 2021, Cox Automotive had revenue of $7.6 billion. Similarly, Taylor's portion of corporate debt is regarded as a liability.
However, Ms. Taylor doesn't hold an active role in the company and leaves the day-to-day operations of Cox Enterprises to her son Alexander C. Taylor, who acts as the CEO and president. Apart from this, Margaretta's focus mainly revolves around philanthropy. Her charitable contributions are mostly centered on conservation and education initiatives.
Nonetheless, with a whopping net worth of $5 billion, Anne Cox Chambers' daughter must be leading a comfortable lifestyle.
Has Been Married Thrice In Her Life
The multi-billionaire has faced many ups and downs in her personal life, but still, in the end, she found her happily ever after. Initially, Margaretta was married to a real estate developer James F. Granite, from Los Angeles. Unfortunately, her first husband passed away, and she remarried an endocrinologist from San Francisco, Dr. Alexander Taylor.
Sadly, Margaretta Taylor's second husband also passed away. Although her two marriages didn't last long, as per several sites, the heiress has found her forever in her third spouse, Michael Rich. Even though the duo's wedding details have not been revealed yet, it is likely that Taylor and Rich are enjoying marital bliss.
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All Of Her Children Have Grown Up
A mother's love is kind and generous, and she sees no imperfections in her children. She is always there for her kids and helps them in every way possible. Margaretta, too, is a devoted mother of two and has made no compromises while raising her little ones.
With her first husband, James, Margaretta welcomed a daughter, Amanda Anne Cox Taylor. She has been actively working as a producer, writer, and editor for many years. Amanda is currently working as the co-executive producer at A&A studio. Furthermore, she is equally devoted to philanthropy that supports the arts, education, and public health.
Besides, Margaretta Taylor's daughter is also an Ambassador for The Hospital for Special Surgery and, for over 20 years, has served on the Administrative Board of The Society of Memorial Sloan Kettering Cancer Center.
Similarly, talking about Amanda's educational background, she attended Georgetown University and earned her Master of Science degree in Journalism from Columbia University - Graduate School of Journalism. Moreover, she also shares a blissful marital life with her husband, Mark R. Konjevod.
Margaretta Taylor's second child is Alexander C. Taylor, whom she welcomed with her late second spouse. As stated earlier, Alex Taylor is the chairman and CEO of Cox Enterprises since January 2018. He is a Vanderbilt University graduate and is also the board of trust member at the university. Alex is also the board leader of the Atlanta Committee for Progress.
Overall, Anne Cox Chambers' daughter has been a wonderful mother who raised her children with the utmost love and care. She is always there to fund them financially and ensures that her kids enjoy happy lives.
Even if she stays out of the spotlight, we hope the multi-billionaire continues to have greater success on a physical and metaphysical level.
Trivia And Facts
- Neither Margaretta nor her mother or siblings have ever had an active role in the company.
- Miss Taylor is not active on social media sites.
- She has a house in Palm Beach.
