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Sumner Redstone Net Worth

Sumner Redstone Net Worth

Net Worth: $5.4 Billion

Statistics
  • Source of Wealth Viacom
  • Nationality United States

About Sumner Redstone

American media magnate, Sumner Redstone has a net worth of $5.4 billion as of December 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.