Sumner Redstone Net Worth

Sumner Redstone Net Worth is
$5.3 Billion

Sumner Redstone Bio/Wiki, Net Worth, Married 2018

Sumner Murray Redstone (born Sumner Murray Rothstein; May 27, 1923) is a media magnate. He could be the majority owner and Chairman of the Board of the National Amusements theater chain. Based on Forbes by March 2014 he’s worth US $6.2 billion.

Buying a new business venture, he set his views on Viacom International, a firm which he’d already been purchasing stock in as an investment and was a spinoff of CBS in 1971 after the FCC ruled that television networks couldn’t syndicate programs following their network run. Viacom also possessed MTV Networks (previously called Warner-AMEX Satellite Entertainment), which possessed MTV and Nick. Additionally, other properties contained Showtime Networks (a similar pay-television network to HBO and Cinemax) and The Movie Channel. Viacom got MTV Networks in 1985 for $550 million from Steve Ross’ Warner Communications. (WCI purchased American Express’ share and after that sold the whole thing to Viacom, as they believed which they couldn’t make lots of funds in the enterprise as well as the prejudice of a studio possessing cable stations could be a conflict of interest. The studio’s position changed in 1995, when as Time Warner it purchased Turner Broadcasting.)

Sumner Redstone Net Worth $4.1 Billion Dollars

Full NameSumner Redstone
Net Worth$5.3 Billion
Date Of BirthMay 27, 1923
Place Of BirthBoston, Massachusetts, United States
Height5 ft 11 in (1.82 m)
ProfessionLawyer, Entrepreneur, Businessperson, Actor
EducationBoston Latin School, Harvard College, Georgetown University Law Center, Harvard Law School
NationalityUnited States of America
SpousePaula Fortunato (m. 2002–2009), Phyllis Gloria Raphael (m. 1947–1999)
ChildrenShari Redstone, Brent Redstone
ParentsMichael Redstone
SiblingsEdward Redstone
NicknamesSumner M Redstone , Sumner Murray Redstone
Record LabelsColumbia Pictures, Orion Pictures, Paramount Pictures, Twentieth Century Fox, Viacom International, CBS Corporation, Viacom, Viacom Media Networks, BET Networks, MTV Networks
Star SignGemini
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.
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.


Spider-Man2002Oscorp Board Member (uncredited)


The Kid Stays in the Picture2002Documentary thanks


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

Won Awards

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

Known for movies

IMDB Wikipedia

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