He died on August 11, 2020, in Los Angeles, California. However, her late ex-husband had a net worth of $4.9 billion as of 2018. Save my name, email, and website in this browser for the next time I comment. He controlled several big brands such as Paramount Pictures, Comedy Central MTV, BET, and Showtime. Viacom's stock price lagged for years. Sumner then started working in the Tax Division of the United States Department of Justice. Around this time, Sumner's father changed the family's last name to "Redstone". Found inside Page 90 BET want to see black people achieve their Holdings owned BET.com , Arabesque net worth on the basis of owning a Books When John Malone had become a billionaire long before the told me Sumner Redstone wanted to Viacom deal . Found inside Page 217Malone was waiting to see who would win; when his longtime rival, Viacom's Sumner Redstone, emerged as victor, announcement appeared in the press: Matsushita had reengaged Mike Ovitz and Herbert Allen to determine MCA's net worth, At home in Beverly Hills, the 83-year-old . Who is Sumner Redstone ? Son of drive-in-theater owner, took over Dad's business in 1954, built National Amusements into 1,400-screen chain. Updated On 18 Nov, 2020 Published On 29 Mar, 2020. Their marriage lasted seven years afterwhich Sumner filed a divorce in October 2009. Check out marriedwiki to know about your favorite celebrities' Articles, Biographies, Relationships, and news updates. He was the chairman and majority owner of the National Amusements theater chain. To help the needy children and orphans, he contributed, The Sumner M. Redstone Charitable Foundation contributed, To support the students who work in public-interest positions, his charitable foundation announced to donate. His personal net worth was estimated by Forbes to be $3 billion. . Sumner along with his daughter, Shari Redstone. Sumner Redstone Net Worth: $5B. It doesn't take a genius to know that the person who controls CBS and Viacom has a good deal of money. Sumner Redstone. Redstone snapped with his ex-girlfriends. Net Worth At Death - $2.6 billion; Date of Birth - 27th of May 1923; Date of Death (Age) - 11th of August 2020 (97 years) Citizenship - U.S.A; Source of Wealth - Media; Image Source. It was the Walt Disney Man of the Year Award, presented to him in recognition and appreciation of his charitable work. Sumner Redstone along with Sydney Holland and Manuela Herzer. They did not have a working toilet in their apartment. When prohibition was repealed, the father started a wholesale liquor distribution company. As soon as he completed his studies, Redstone enlisted in the U.S. as First Lieutenant during the Second World War. Michael Redstone was a well-known man who owned Bostons branch of the Latin Quarter Nightclub. During prohibition, the father made a lucrative side-income transporting liquor. Found inside Page 45For example , Sumner Redstone was born into a Boston blue collar background as Sumner Murray Rothstein . He climbed to the top through vision Of these few , none can approach Redstone's net worth . Redstone controls a company that Not only that, but there's also an allegation against him claiming that he's given millions of dollars to his mistress. Air pollution is a frequently discussed topic worldwide - of course there are many elements which contribute to pollution overall, such as contaminated water, but unsurprisingly air pollution has the Trending :Joanna Gaines || Pat Sajak || Kamala Harris || Brandi Love || Elizabeth Warren ||. Besides being ruthless, Redstone was known for dogged . Sumner Redstone was an American media entrepreneur who died in August 2020 at the age of 97 with a net worth of $2.6 billion. He was succeeded by Philippe Dauman at Viacom and Les Moonves at CBS. Throughout his long career, which earned him an estimated net worth of around $5 billion, Sumner gained a reputation for being a scrupulous businessman and for shaping the modern television landscape. (Photo by Dan Steinberg/Invision for The Hollywood Reporter/AP Images) Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died. It was reported that he once gave a job at Showtime and $6 million to a friend of the girlfriend of his grandson, and $21 million to an aspiring reality television show producer. After graduating from law school he worked for the U.S. Government as an attorney. Media mogul Sumner Redstone, who was best known as a majority owner of National Amusements and as a majority voting shareholder at Viacom CBS, passed away on Aug. 11, 2020 at the age of 97.. We have estimated Sumner Redstone's net worth, money, salary, income, and assets. Sumner was married two times in his life. Fortunato's net worth is under review. At present, he is 69 years old. Copyright 2021. Sumner Redstone's cause of death was not revealed. But, the source also says that the billionaire had already given 1.5% of the net worth to Holland. Until 2016, Redstone was the chairman of both Viacom and CBS, but he resigned from both positions at the age of 92 following an examination from a geriatric psychiatrist on the orders of the court. Summer Redstone graduated from Harvard and went on to serve in the U.S. Army during World War II, helping to decipher Japanese coded . Found inside Page 60 family Corporate Affiliation / Source of Wealth Mellon Bank / Gulf Oil The Limited Koch Industries Net Worth ( $ bil . ) 4.3 3.7 3.6 16 17 18 Henry Hillman Ted Arison Sumner Redstone 3.3 3.3 6 7 8 9 Advance Publications Bass Bros. Over the years that followed the remainder of his career, he invested in CBS, Viacom, and Paramount Pictures. Sumner Redstone once received the Walt Disney Nan if the Year Award. Before taking over his father's cinema chain business in 1954, Redstone, while studying at Harvard University during World War II, was chosen . Through National Amusements, Redstone, up until his . In 2016 it was discovered that Sumner had spent massive amounts of money on hookups and ex-girlfriends. Undoubtedly, he is considered one of the wealthiest people around the globe. He bought the mansion from actor Sylvester Stallone in 2002 for $14.5 million, and remained there until his death. While Sumner Redstone's last will and testament could be contested, his active involvement in the planning of his estate and the recent ruling . So, there is no surprise that he is worth billions. as of 4/7/20. Personal Life: Sumner was married twice. Furthermore, the divorce was filed from the Redstone side on October 17, 2008. Paula Fortunato, the late Sumner Redstone's ex-wife, used to be a primary school teacher on Manhattan's Upper East Side. Sumner Redstones biography and life journey has been documented in this well-articulated publication. Sumner Redstone, 80: "Irrepressible media magnate turned out to be a wishy-washy bidder for Vivendi Universal, perhaps because he harbors bigger fancy for Disney. That is a significant improvement. Their names are; Sheri Redstone and Brent Redstone. He had two children, Shari and Brent Redstone with his first wife Phyllis Gloria Raphael who he married in 1947.
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