Age, Biography and Wiki

Sumner Redstone is an American media mogul and businessman. He is the majority owner and chairman of the board of the National Amusements theater chain, and is the controlling shareholder of CBS Corporation and Viacom. He is also the former chairman of the board of CBS Corporation and Viacom. Redstone was born in Boston, Massachusetts, to a Jewish family. He attended Harvard Law School and graduated in 1947. After graduating, he worked as a lawyer for the Boston law firm of Hill & Barlow. In 1954, Redstone founded National Amusements, a theater chain that eventually grew to become the largest in the United States. In 1987, he acquired Viacom, and in 1994, he acquired CBS Corporation. Redstone has been married twice. He has two children from his first marriage, and two grandchildren. As of 2021, Sumner Redstone's net worth is estimated to be $4.5 billion.

Popular As Sumner Murray Rothstein
Occupation actor
Age 97 years old
Zodiac Sign Gemini
Born 27 May 1923
Birthday 27 May
Birthplace Boston, Massachusetts, USA
Date of death 11 August, 2020
Died Place Los Angeles, California, USA
Nationality United States

We recommend you to check the complete list of Famous People born on 27 May. He is a member of famous Actor with the age 97 years old group.

Sumner Redstone Height, Weight & Measurements

At 97 years old, Sumner Redstone height is 6' (1.83 m) .

Physical Status
Height 6' (1.83 m)
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Sumner Redstone's Wife?

His wife is Paula Fortunato (6 April 2002 - 22 January 2009) ( divorced), Phyllis Gloria Raphael (6 July 1947 - 26 July 1999) ( divorced) ( 2 children)

Family
Parents Not Available
Wife Paula Fortunato (6 April 2002 - 22 January 2009) ( divorced), Phyllis Gloria Raphael (6 July 1947 - 26 July 1999) ( divorced) ( 2 children)
Sibling Not Available
Children Not Available

Sumner Redstone Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Sumner Redstone worth at the age of 97 years old? Sumner Redstone’s income source is mostly from being a successful Actor. He is from United States. We have estimated Sumner Redstone's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Actor

Sumner Redstone Social Network

Instagram
Linkedin
Twitter
Facebook
Wikipedia
Imdb

Timeline

2012

He was awarded a Star on the Hollywood Walk of Fame at 7000 Hollywood Boulevard in Hollywood, California on March 30, 2012.

2006

In 2006, he was ranked #63 on Forbes magazine's list of the 100 richest people in the world, with an estimated worth of $7. 7 billion.

2005

In December of 2005 Paramount acquired Dreamworks SKG for an estimated $1. 6 billion.

In 2005 Viacom International was split into two companies, Viacom and CBS Corp. Redstone was chairman of both the new Viacom and of CBS, controlling a majority of both firms. At one point, controlled over 70% of the voting stock of Viacom, which is a subsidiary of National Amusements, his private family-owned company. National Amusements, whose president is Sumner's daughter (and probable successor) Shari E. Redstone, also owns a controlling interest (70%) of video-game maker Midway Games. In addition to its controlling interests in Viacom and CBS Corp. , National Amusements is an international chain of movie theaters with 1,500 screens operated by the chains Showcase Cinemas, Multiplex Cinemas, KinoStar and Cinema de Lux banners in the U. S. , the U. K. , South America and Russia. It additionally operates IMAX theaters in the U. S. and Argentina. The firm is also a partner with AMC Theatres in the on-line ticketing firm "movietickets. com.

2004

Endorsed 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.

2001

"Redstone's autobiography, "A Passion To Win" (co-written by Peter Knobler), was published in 2001 by Viacom's Simon & Schuster subsidiary.

2000

In 2000 Viacom pulled off arguably its most important acquisition when it acquired its former corporate parent, CBS Corp.

1993

Paramount Communications, parent of Paramount Pictures, was acquired in 1993. Although criticized initially for paying too much for the company, Redstone helped pay for the acquisition by selling off some of its assets, including Madison Square Garden and its cable TV properties, and Simon & Schuster's educational publishing units. The sale of Paramount Communications' assets made the acquisition substantially profitable. Redstone then acquired Blockbuster Entertainment, which gave Viacom Aaron Spelling's TV production company and a huge library of films, most of which were absorbed into Paramount Pictures' own library. Blockbuster eventually was spun off into its own independent entity.

1990

During the 1990s Viacom eventually would own Columbia Pictures, Twentieth-Century Fox, Orion Pictures and Paramount Pictures, making huge profits from the sale of all but Paramount, which would become the motion picture arm of the conglomerate.

1987

In 1987 Redstone engineered a hostile takeover of Viacom International by National Amusements. Viacom began as a subsidiary of CBS, syndicating programs for the network.

1986

Under Redstone's management, Viacom has assembled one of the largest and most diversified media conglomerates, covering TV broadcasting, cable TV, radio broadcasting (Infinity Broadcasting), outdoor advertising, music publishing, motion pictures, television production, and its original business of TV syndication (King World Productions, which syndicates The Oprah Winfrey Show (1986)).

1985

After syndicating programs for cable TV channels, Viacom itself moved into cable and acquired MTV Networks in 1985. It represented a good platform from which to develop a content-distribution behemoth. After winning voting control of Viacom, Redstone engaged in a series of acquisitions to make Viacom one of the top players in the modern media industry.

1979

In 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.

1971

However, when the FCC in 1971 established its now rescinded "fin-syn" rule (that television networks could not syndicate programs they produced), Viacom was spun off from CBS. As a separate company Viacom continued to syndicate most of CBS' TV programs but was free to syndicate programs for others.

1964

In 1964 National Amusements started building multi-screen theaters, originally called "twin theaters. " These developed into the "multiplexes" and "megaplexes" that made National Amusements one of the top indoor exhibitors in the country, a great repositioning of the company, and a fortuitous one as the drive-in circuit faded away. Redstone branched out of exhibition, as he believed that controlling the content was the way of the future--though distribution channels constantly change (from movie theaters, to TV, to cable, to videotape, to DVD), content remains constant. With this philosophy he began investing in motion picture production companies, turning a profit on buying, holding and selling shares.

1944

Received his Bachelor of Arts degree (1944) and his Bachelor of Laws degree (1947) from Harvard University.

1940

In 1940, his family changed their surname to "Redstone," the English translation ("red stone") of the Yiddish Rothstein. Sumner attended Harvard College after graduating at the top of his class from the elite Boston Latin School, completing his bachelor of arts degree in three years during World War II, when college years were accelerated so that graduates could serve in the military. Redstone served in the army during World War II, working at the Pentagon decoding Japanese messages. After being demobilized, he remained in Washington and matriculated at Georgetown University Law School before transferring to Harvard Law. After graduating from Harvard Law with an LL. B, he returned to Washington, DC. After working for the U. S. Department of Justice in San Francisco, Redstone went into private practice for several years before eventually returning to his father's National Amusements, which he turned into a major motion picture exhibitor in New England. He first made National Amusements one of the premier drive-in circuits in the country before turning to indoor exhibition.

1936

His father, Michael Rothstein, created National Amusements, a chain of three drive-in theaters, in 1936, after starting out with one drive-in in Valley Stream, New York.

1923

Viacom Chairman Sumner Murray Redstone was the multi-billionaire who was the leading shareholder of media conglomerate Viacom and CBS Corp. He was born Sumner Murray Rothstein on May 27, 1923, in Boston, Massachusetts.