BusinesspersonsJournalistsMedia Moguls

Sumner Redstone Net Worth

Sumner Redstone Net Worth is
$5.4 Billion

Sumner Redstone Biography

Sumner Redstone net well worth: Most widely known as almost all owner of Viacom and different other press conglomerates, Sumner Redstone includes a net well worth of $6.4 billion. Redstone’s profession as a press magnate began along with his family’s curiosity in the cinema chain National Amusements. He also contributes huge amounts to numerous philanthropic organizations that use kids. He’s accumulated that net well worth through Viacom and the many other media businesses he and his family members have a controlling curiosity in, including CBS Company, Viacom, MTV Systems, BET, and Paramount Photos. Sumner Redstone may be the Chairman of the National Amusements theater chain and in addition owns huge portions of MTV, Wager, CBS, Viacom, and Paramount Photos. Redstone was lately embroiled in a controversy relating to the attempted bribery of a journalist, but he continues to be one of the most recognizable media magnates running a business today. It was during this time period that Redstone coined that relatively famous phrase that “content material is usually king.” The Redstone family members has ultimately ballooned to include from cable stations like MTV and Humor Central, to film studios like Paramount Photos.4 Billion: It had been during his period with that corporation that he deducted that any successful press empire will be built on content material, while other areas of the press industry (such as for example channels of distribution) ought to be secondary to the building blocks of content material being distributed. Sumner Redstone Net Well worth American press magnate, Sumner Redstone includes a net well worth of $5. In September of 2011, his basis, Sumner M. $6. Sumner may be the bulk owner and Chairman of the Table of the National Amusements theater chain. A theater organization founded by his dad, Michael Redstone. Sumner handled the company along with his brother Edward, until he passed on in December 2011. Sumner keeps 80% of the business. The majority of his fortune originates from his managing stakes in CBS and Viacom.4 billion by December 2015, relating to Forbes. Redstone donated $1.5 million to eliminate extreme poverty. The building blocks also funded THE FINISH of Polio Concert, drawing a lot more than $100 million in donations from all over the world, including $40 million in money from the Expenses and Melinda Gates Basis. A GLOBAL War II veterinarian and Harvard Legislation graduate. Through these numerous enterprises, Redstone has usually placed an focus on offering quality (or at least well-known) content, and the effect may be the enormous net well worth he has today.


Known for movies

Quick Facts

Full NameSumner Redstone
Net Worth$5.4 Billion
Date Of BirthMay 27, 1923
Height1.82 m
ProfessionEntrepreneur, Lawyer, Actor, Businessperson
EducationHarvard College, Harvard Law School, Boston Latin School, Harvard University
NationalityAmerican
SpousePaula Fortunato, Phyllis Gloria Raphael
ChildrenShari Redstone, Brent Redstone
ParentsBelle Rothstein, Michael Redstone
SiblingsEdward Redstone


Interesting Facts

#Fact
1He was awarded a Star on the Hollywood Walk of Fame at 7000 Hollywood Boulevard in Hollywood, California on March 30, 2012.
2Viacom, the media conglomerate that Sumner built, considered separating into two companies to revive its sagging stock price. [March 2005]
3Endorsed US President George W. Bush for re-election in 2004, saying that "the reason was simple: Republican values are what U.S. companies need. I look at the election from what's good for Viacom. I vote for what's good for Viacom. I vote, today, Viacom." Viacon owns - among many other media outlets - CBS Television, which is claimed by conservatives, who accuse it of being part of "the liberal media", to slant its news coverage in favor of the Democratic party.
4On August 22, 2006, in his capacity as Viacom chairman, he announced through the "Wall Street Journal" that Viacom's Paramount subsidiary was terminating its development dealt with Tom Cruise after 14 years. Redstone said the firm terminated its deal with Cruise due to the underperformance of Mission: Impossible III (2006) (which had been expected to gross $100-$150 million more than it did), which he attributed to Cruise's "bad behavior". Movie pundits were somewhat surprised by the announcement, as Cruise remains the top B.O. draw in North America and was Paramount's cash cow. Cruise's films reportedly have accounted for 32% of Paramount Pictures' revenues in the last six years, and he was named the Top Box Office draw for a record seventh time by Quigley Publications for the year 2005. As part of its machinations before severing its connections with Cruise, Paramount leaked to the press the information that the deal was worth $10 million annually; however, the development deal actually was for $3 million per annum. At the time of the announcement, Cruise and his advisers were considering Paramount's new offer of $2 million per year in development money when Redstone dropped his bombshell. The news gave rise to speculation that Paramount has run out of cash, as it reportedly has told other development partners with which it has deals to use their own cash for the rest of the year, with the proviso they will be reimbursed come 2007.
5Was originally a lawyer for the U.S. Department of Justice before he left to join his father's theater chain, which evolved into National Amusements, the present-day parent holding company of Viacom.
6Was recruited by Edwin O. Reischauer (a Harvard professor and future U.S. Ambassador to Japan) while an undergraduate student at Harvard University to decode Japanese codes during World War II.
7He left Harvard University after only barely completing three years of study when he was recruited by Professor Edwin O. Reischauer (later a U.S. Ambassador to Japan) to decode messages of the Japanese during World War II. When he finished his tenure with the United States Army, the Harvard Corporation granted him his Bachelor's degree.
8Has an autobiography, co-written with Peter Knobler, titled "A Passion to Win", ISBN 0684862247 (published by Simon & Schuster).
9Originally attended Georgetown University Law School, but transferred to Harvard Law School and received his Bachelor of Laws degree from that institution.
10Attended and graduated first in his class from the public prep school Boston Latin School (1940).
11In 1979, he survived a Boston hotel fire with burns over half his body by clinging to a third-floor window with his severely burned right hand until firefighters could reach him. His right arm hangs loosely, and the hand is gnarled with purplish skin.
12Received his Bachelor of Arts degree (1944) and his Bachelor of Laws degree (1947) from Harvard University.
13Has two children: Brent Dale Redstone and Shari Ellin Redstone.
14Chairman of CBS Corporation and Viacom.
15He owns the Showcase Cinemas theater chain.


Quotes

#Quote
1Legacies are for dead people.
2Success isn't built on success; it's built on failure, frustration and sometimes catastrophe.
3Possessions don't count. Achievement counts. Winning counts.


Pictures

All Sumner Redstone pictures

Won Awards

Won awards

YearAwardCeremonyNominationMovieAward shared with
2012Star on the Walk of FameWalk of FameMotion PictureOn March 30, 2012. At 7000 Hollywood Blvd.


Filmography

Actor

TitleYearStatusCharacter
Spider-Man2002Oscorp Board Member (uncredited)

Thanks

TitleYearStatusCharacter
The Kid Stays in the Picture2002Documentary thanks

Self

TitleYearStatusCharacter
The American Cinematheque Tribute to Jerry Bruckheimer2013TV MovieHimself
The Men Who Built America2012TV Mini-Series documentaryHimself - Majority Owner, Viacom & CBS
Entertainment Tonight2007-2008TV SeriesHimself
Iconoclasts2005TV Series documentaryHimself
MADtv2003TV SeriesHimself
2003 MTV Movie Awards2003TV SpecialHimself
Nightline Up Close2003TV SeriesHimself
Howard Stern2000TV SeriesHimself
Source
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