Sumner Redstone Net Worth | TheRichest
Robert Harper Sumner Redstone
- Birthname
- Sumner Murray Rothstein
- Birthdate
- May 27, 1923
- Birthplace
- Boston, Massachusetts, United States
- Height
- 1.82 m (6′ 0″)
- Education
- Harvard Law School, Harvard College
- Profession
- Media Mogul
- Net worth
- $5,100,000,000
- Source of Wealth
- Entertainment, Viacom, CBS
- Nationality
- American
- Country
- United States
- Marital Status
- Divorced (Paula Fortunato)
- Children
- 2 (Brent, Shari)
Quick Links
American media magnate, Sumner Redstone has a net worth of $5.1 billion. 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.
Earnings & Financial Data
Date | Category | Description | Amount |
|---|---|---|---|
2018 | Asset | Fourth-quarter earnings and revenue of CBS for the year 2017 | $3,920,000,000 |
2016 | Salary | Annual compensation from Viacom for the year 2015 | $2,000,000 |
2014 | Earning Turned Donation | Donation to Harvard Law School for public-interest fellowships, the largest charitable contribution ever made to the law school in support of public service | $10,000,000 |
2014 | Salary | Annual compensation from Viacom for the year 2014 | $13,000,000 |
2013 | Sale of Asset | Value of the shares he sold in Viacom and CBS, the two companies he chairs | $200,000,000 |
2013 | Earnings | Endowment of a professorship in narrative studies at Boston University's College of Communication | $2,500,000 |
2013 | Earning Turned Donation | Donation to Literacy Inc., a New York City-based nonprofit literacy organization | $1,000,000 |
2012 | Earning Turned Donation | Donation to the Go Campaign, which funds projects in 21 countries with a focus on helping orphans and other needy children | $350,000 |
2012 | Earning Turned Donation | Donation to the Boston University School of Law for the construction of the five-story Sumner M. Redstone Building | $18,000,000 |
2010 | Earning Turned Donation | Donation to the Keck School of Medicine of the University of Southern California to support cancer research | $24,000,000 |
2010 | Earning Turned Donation | Cumulative lifetime contribution to Autism Speaks in support of scientific research into the causes of autism and effective treatments | $1,700,000 |
2009 | Earning Turned Donation | Donation to the Global Poverty Project | $1,500,000 |
2007 | Earning Turned Donation | Charitable grants to fund research and patient care advancements in cancer and burn recovery at three major non-profit healthcare organizations | $105,000,000 |
2006 | Asset | Purchase value of DreamWorks SKG | $1,600,000,000 |
2004 | Asset | Value of DreamWorks SKG upon acquisition by Paramount Pictures | $1,600,000 |
2002 | Asset | Purchase value of a house in the Beverly Park area of Beverly Hills, California | $14,500,000 |
2000 | Asset | Purchase value of CBS Corporation, the parent company of CBS | $36,000,000,000 |
1993 | Asset | Purchase value of Paramount Communications | $4,000,000,000 |
1985 | Asset | Viacom's acquisition of MTV Networks in 1985 from Steve Ross' Warner Communications | $550,000,000 |
