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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 |