Actor

Sumner Redstone Net Worth

Complete Wiki Biography of Sumner Redstone, which contains net worth and salary earnings in 2019. Sumner Redstone body measurments, height, weight and age details. Sumner Redstone wiki ionformation include family relationships: spouse or partner (wife or husband); siblings; childen/kids; parents life. Wiki Bio of Sumner Redstone net worth is updated in 2019.

Sumner Redstone Net Worth is
$200,000

Mini Biography

Viacom Chairman Sumner Murray Redstone, the multi-billionaire who’s the controlling shareholder of press conglomerate Viacom and of CBS Corp., was created Sumner Murray Rothstein on, may 27, 1923, in Boston, Massachusetts, to Michael Rothstein. His dad created Country wide Amusements, a string of three drive-in theaters, in 1936, after getting started with one drive-in in Valley Stream, NY. Sumner Redstone attended Harvard University after graduating near the top of his course from the top notch Boston Latin College, completing his bachelor of arts level in 3 years during Globe Battle II, when university years were accelerated in order that graduates could serve in the army. Redstone offered in the military during Globe War II, operating in the Pentagon decoding Japanese communications. After becoming demobilized, he continued to be in Washington and matriculated at Georgetown School Law College before transferring to Harvard Laws. After graduating from Harvard Laws with an LL.B, he returned to Washington, DC. After doing work for the U.S. Section of Justice in SAN FRANCISCO BAY AREA, Redstone proceeded to go into personal practice for quite some time before eventually time for his father’s Country wide Amusements, which he converted into a significant film exhibitor in New Britain. He first produced National Amusements among the leading drive-in circuits in the united states before embracing in house exhibition. In 1964 Country wide Amusements began building multi-screen theaters, originally known as “twin theaters”. These progressed into the “multiplexes” and “megaplexes” that produced National Amusements among the best in house exhibitors in the united states, an excellent repositioning of the business, and a fortuitous one as the drive-in circuit faded out. Redstone branched out of exhibition, seeing that he believed that controlling this content was just how from the future–though distribution stations constantly transformation (from concert halls, to Television, to wire, to videotape, to Dvd movie), content remains to be regular. With this school of thought he began buying motion picture creation businesses, turning a revenue on buying, keeping and selling stocks. In 1987 Redstone manufactured a hostile takeover of Viacom International by Country wide Amusements. Viacom started like a subsidiary of CBS, syndicating applications for the network. Nevertheless, when the FCC in 1971 founded its right now rescinded “fin-syn” guideline (that television systems cannot syndicate applications they created), Viacom was spun faraway from CBS. As another company Viacom continuing to syndicate the majority of CBS’ Television applications but was absolve to syndicate applications for others. After syndicating applications for cable television stations, Viacom itself shifted into wire and obtained MTV Systems in 1985. It displayed a good system from which to build up a content-distribution behemoth. After winning voting control of Viacom, Redstone involved in some acquisitions to create Viacom among the top players in the present day media industry. Through the 1990s Viacom ultimately would personal Columbia Photos, Twentieth-Century Fox, Orion Photos and Paramount Photos, making huge income through the sale of most but Paramount, which would end up being the film arm from the conglomerate. Paramount Communications, mother or father of Paramount Photos, was acquired in 1993. Although criticized primarily for paying an excessive amount of for the business, Redstone helped purchase the acquisition by offering off a few of its resources, including Madison Square Backyard and its cable television properties, and Simon & Schuster’s educational posting devices. The sale of Paramount Marketing communications’ resources produced the acquisition significantly profitable. Redstone then acquired Blockbuster Entertainment, which gave Viacom Aaron Spelling’s Television production firm and an enormous library of movies, most of that have been absorbed into Paramount Images’ own collection. Blockbuster ultimately was spun away into its unbiased entity. In 2000 Viacom taken off probably its most significant acquisition when it obtained its former commercial mother or father, CBS Corp. In Dec of 2005 Paramount obtained Dreamworks SKG for around $1.6 billion. Under Redstone’s administration, Viacom has assembled among the largest & most diversified mass media conglomerates, covering Television broadcasting, cable television, radio broadcasting (Infinity Broadcasting), outdoor marketing, music publishing, movies, television production, and its own original business of Television syndication (Ruler Globe Productions, which syndicates The Oprah Winfrey Present (1986)). In 2005 Viacom International was put into two companies, Viacom and CBS Corp. Redstone is normally chairman of both brand-new Viacom and of CBS, managing most both firms. Presently, Redstone handles over 70% from the voting share of Viacom, which really is a subsidiary of Country wide Amusements, his personal family-owned company. Country wide Amusements, whose president is normally Sumner’s daughter (and possible successor) Shari E. Redstone, also possesses a controlling curiosity (70%) of video-game manufacturer Midway Games. Furthermore to its managing passions in Viacom and CBS Corp., Country wide Amusements can be an worldwide chain of concert halls with 1,500 displays operated from the stores Display Cinemas, Multiplex Cinemas, KinoStar and Movie theater de Lux banners in the U.S., the U.K., SOUTH USA and Russia. It additionally operates IMAX theaters in the U.S. and Argentina. The strong is also somebody with AMC Theatres in the on-line ticketing strong “movietickets.com”. Redstone published his autobiography, “A Enthusiasm To Get” (co-written by Peter Knobler), was published in 2001 by Viacom’s Simon & Schuster subsidiary. In 2006, he was rated #63 on Forbes magazine’s set of the 100 richest people in the globe, with around well worth of $7.7 billion.

Known for movies



Quick Facts

Full NameSumner Redstone
Net Worth5.3 billion USD
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

Full NameSumner Redstone
Net Worth5.3 billion USD
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
#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.
#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.

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

Won Awards

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

Source
IMDB Wikipedia

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