Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Accueil  >  Business Leaders Biography

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
HomeAll NewsMost read newsBusiness Leaders Biography
Portrait de Sumner Redstone
Birthday : 05/27/1923
Place of birth : Boston (Massachusetts) - United States
Public asset : 4,723,750 USD
Country of residence : United States
Linked companies :
No connection available

Biography of Sumner Redstone 
Sumner Murray Redstone (born Sumner Murray Rothstein; May 27, 1923) is an American businessman and is a media magnate. He is the majority owner and Chairman of the Board of the National Amusements theater chain. Through National Amusements, Sumner Redstone and his family are majority owners of CBS Corporation and Viacom (itself the parent company of MTV Networks, BET, and the film studio Paramount Pictures), and are equal partners in MovieTickets.com. According to Forbes as of March 2014 he is worth US $6.2 billion. in Boston, Massachusetts, to Belle (née Ostrovsky) and Michael Rothstein. In 1940, his father changed the family surname from "Rothstein" to "Redstone" Michael Rothstein owned Northeast Theater Corporation in Dedham, Massachusetts—the forerunner of National Amusements—and the Boston branch of the Latin Quarter Nightclub. where he completed the studies for his baccalaureate in three years. Later, Redstone served as First Lieutenant in the United States Army during World War II After this military service, he worked in Washington, D.C., and attended Georgetown University Law School. He transferred to Harvard Law School and received his LL.B. in 1947.). He invested in Columbia Pictures, Twentieth Century Fox, Orion Pictures, and Paramount Pictures (Redstone's Viacom would buy Paramount in the 1990s), all of which turned over huge profits when he chose to sell their stock in the early 1980s.

In 1979, he suffered severe burns in a fire at the Copley Plaza hotel, in Boston, but survived after thirty hours extensive surgery at Massachusetts General Hospital. Though he was warned that he might never be able to live a normal life, eight years later he was fit enough to insist on playing tennis nearly every day and to launch a hostile takeover of Viacom.

Career

Source @ Wikipedia




Most Read News 
02/25ELON MUSK : Tesla's Musk says U.S. factory closed for two days due to parts shortages
RE
02/20ELON MUSK : Bitcoin and ethereum prices 'seem high,' says Musk
RE
02/23MICHAEL KLEIN : Tesla rival Lucid Motors to go public in $24-billion mega SPAC deal
RE
02/27WARREN BUFFETT : Warren Buffett's Berkshire Hathaway Sees Profit Rise 23%--2nd Update
DJ
02/16MICHAEL KLEIN : Lucid Motors nears SPAC deal as Klein launches financing - sources
RE
02/15BILL GATES : Bill Gates warns that manufacturing could challenge climate goals
RE
02/16WARREN BUFFETT : Buffett's Berkshire Hathaway Bets Billions on Verizon and Chevron
DJ
02/27WARREN BUFFETT : Buffett upbeat on U.S. and Berkshire, buys back stock even as pandemic hits results
RE
02/24CARL ICAHN : Under eye of Icahn, Bausch Health gives activist investor two board seats
RE
03/01MARK NELSON : Beyond Meat CFO Mark Nelson to retire
RE
More news


© 2021 People and Ownership :   
Sumner Redstone : Connections 
No connection available


Latest news about Sumner Redstone 
01/27SUMNER REDSTONE : Former CBS shareholders can sue Shari Redstone over ViacomCBS merger
RE
2020MARKET CHATTER : Court Rules Former Viacom Shareholders Can Proceed with Suit Against ViacomCBS Chairman Shari Redstone Over Merger
MT
2020SUMNER REDSTONE : Former Viacom shareholders can sue Shari Redstone over ViacomCBS merger
RE
2020Communications Services Up On Growth Bias -- Communications Services Roundup
DJ
More news


Popular Business Leaders 
Bernard Arnault Jeff Bezos Amanda Blanc Vincent Bolloré Alexandre Bompard Martin Bouygues Thierry Breton Warren Buffett Hubert Burda Francesco Gaetano Caltagirone Bertrand Camus Jack Dorsey Axel Dumas Charles Edelstenne Emmanuel Faber Guillaume Faury Henrik Fisker Antoine Frérot Bill Gates Pietro Gorlier Philip Green Luigi Gubitosi Yves Guillemot Paul Hudson Carl Icahn Jan Jenisch Michael Klein Hariolf Kottmann Arnaud Lagardère Jean-bernard Lévy Jack Ma Lakshmi Mittal Elon Musk Jean-pierre Mustier Nicolas Namias David Nicol Yves Perrier Patrick Pouyanné Alexandre Ricard Gilles Schnepp Christian Sewing Feike Sijbesma Arne Sorenson Osamu Suzuki Heinz Hermann Thiele François Villeroy De Galhau David Wichmann Pierre-andré De Chalendar Ranieri De Marchis Jan Du Plessis
A-Z Business Leaders