5. William Randolph Hearst Eventually Took Over the Original Ziegfeld Theater

The Ziegfeld Theatre-Movie Theater-141 W 54th Street-Ballroom Event Space-Gotham Events-NYC-002

In order to pay for the $2.5 million, 1600-seat venue, Florenz Ziegfeld borrowed money from the famous newspaper publisher William Randolph Hearst. After Ziegfeld died, Hearst took control of the theater in 1932.