About Sumner Redstone
American media magnate, Sumner Redstone has a net worth of $5 billion
as of October 2015, according to Forbes. A World War II vet and Harvard
Law graduate. Sumner is the majority owner and Chairman of the Board of
the National Amusements theater chain. A theater company founded by his
father, Michael Redstone. Sumner managed the company with his brother
Edward, until he passed away in December 2011. Sumner holds 80% of the
company. Most of his fortune comes from his controlling stakes in CBS
and Viacom. In September of 2011, his foundation, Sumner M. Redstone
donated $1.5 million to eradicate extreme poverty. The foundation also
funded The End of Polio Concert, drawing more than $100 million in
donations from around the world, including $40 million in funds from the
Bill and Melinda Gates Foundation.
Net Worth: $5 Billion
- Source of Wealth Viacom
- Nationality United States
American media magnate, Sumner Redstone has a net worth of $5 billion
as of October 2015, according to Forbes. A World War II vet and Harvard
Law graduate. Sumner is the majority owner and Chairman of the Board of
the National Amusements theater chain. A theater company founded by his
father, Michael Redstone. Sumner managed the company with his brother
Edward, until he passed away in December 2011. Sumner holds 80% of the
company. Most of his fortune comes from his controlling stakes in CBS
and Viacom. In September of 2011, his foundation, Sumner M. Redstone
donated $1.5 million to eradicate extreme poverty. The foundation also
funded The End of Polio Concert, drawing more than $100 million in
donations from around the world, including $40 million in funds from the
Bill and Melinda Gates Foundation.
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