His dad was Bob Magness, the creator of Tele-Communications Inc. Through his bequest, he could be a big stockholder in Tele-Communications Inc. He also chairs the Magness Investment Group, whose portfolio contains Magness Land & Cattle, Fortrust, a Denver-based state of the art data center, and aquaculture breeding farms. In 2007, he founded Smokewood Entertainment along with his own wife, Sarah Siegel-Magness.he’s made three movies and he’s making a fourth one. He’s made charitable contributions to the Food Bank of the Rockies, the University of Denver, as well as The Fresh Air Fund. He collects vintage cars. He’s married with three kids, and they live in Denver, Colorado