Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
HomeAll newsMost read newsBusiness Leaders Biography
Portrait de Sumner Redstone
Birthday : 05/27/1923
Place of birth : Boston (Massachusetts) - United States
Public asset : 1,454,157,569 USD
Country of residence : United States
Linked companies : CBS Corporation - Viacom, Inc.

Founder of CBS Corp. and Viacom, Inc., Sumner Murray Redstone is a businessperson who has been at the helm of 7 different companies and currently occupies the position of Chairman & Chief Executive Officer of National Amusements, Inc. and Chairman & Chief Executive Officer at NAI Entertainment Holdings LLC (a subsidiary of National Amusements, Inc.). Mr. Redstone is also Member-Executive Board at Combined Jewish Philanthropies of Greater Boston, Inc., Member-Overseers Board at The Museum of Fine Arts and Member of The General Hospital Corp. and on the board of 5 other companies.

In the past Sumner Murray Redstone held the position of Chairman of The Jimmy Fund, Chairman & Chief Executive Officer at Viacom, Inc., Chairman of National Association of Theatre Owners and Member of Tufts Medical Center, Inc.

Mr. Redstone received an undergraduate degree from Harvard University, a graduate degree from Harvard Law School and an undergraduate degree from Boston Latin School.

Current positions of Sumner Redstone 
NameTitle Since
CBS Corporation
Chairman-Emeritus 1986
Viacom, Inc.
(Entertainment Production)
Chairman-Emeritus 1971
National Amusements, Inc. Chairman & Chief Executive Officer 1967
NAI Entertainment Holdings LLC Chairman & Chief Executive Officer 1967
Dana-Farber Cancer Institute, Inc. Trustee -
The Paley Center for Media Trustee -
NATL. Amusements (UK) Ltd. Director -
The General Hospital Corp. Member -
The Museum of Fine Arts Member-Overseers Board -
Combined Jewish Philanthropies of Greater Boston, Inc. Member-Executive Board -

Holdings of Sumner Redstone 
Viacom, Inc. (VIA)
39,442,41279.8%1,441,620,159 USD
Viacom (VIAB)
Entertainment Production
371,3000.11%12,535,088 USD
CBS Corporation (CBS.A)
400.0001%2,322 USD

Sumner Redstone : Personal Network 
NameLinked companies
Shari Ellen Redstone CBS Corporation
Viacom, Inc.
National Amusements, Inc.
NATL. Amusements (UK) Ltd.
Combined Jewish Philanthropies of Greater Boston, Inc.
The Paley Center for Media
Dana-Farber Cancer Institute, Inc.
Gary L. Countryman CBS Corporation
Dana-Farber Cancer Institute, Inc.
Thomas May Viacom, Inc.
Dana-Farber Cancer Institute, Inc.
Cristiana Falcone Sorrell Viacom, Inc.
The Paley Center for Media
Cathy Elizabeth Minehan The General Hospital Corp.
The Museum of Fine Arts
Lawrence Liding CBS Corporation
Viacom, Inc.
Richard D. Parsons CBS Corporation
Charles Edward Phillips Viacom, Inc.
Lawrence P. Tu CBS Corporation
Joseph R. Ianniello CBS Corporation

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.


Source @ Wikipedia

Most Read News 
10/11RUPERT MURDOCH : incorrect
10/12RICHARD BRANSON : Virgin's Branson halts talks on $1 billion Saudi investment in space ventures
10/09MARK WILSON : Aviva splits with CEO Wilson over share price lag
10/09MARTIN SORRELL : Ford picks BBDO as lead creative agency in blow to Britain's WPP
10/08STEVE BALLMER : Steve Ballmer Bet Right on Gates, Wrong on Furniture -- Journal Report
10/09MICHAEL O'LEARY : Ryanair's O'Leary 'optimistic' union strife won't damage business further this year
10/09DIETER ZETSCHE : Daimler Continues Shuffle -- WSJ
11:13aJACK MA : Alibaba's Jack Ma says in talks with Indonesia on tech training institute
10/08DIETER ZETSCHE : Daimler Extends Management Reshuffle
10/10JACK MA : China Airbnb rival Xiaozhu.com raises nearly $300 million from Jack Ma fund
More news

© 2018 People and Ownership :   
Sumner Redstone : Connections 
City of Boston (Massachusetts)
The USAFA Endowment
John F. Kennedy Library Foundation
Dana-Farber Cancer Institute, Inc.
Advancit Capital LLC
National Association of Theatre Owners
Apollo Theater Foundation, Inc.
Eversource Energy Foundation, Inc.
PanAfrican Investment Co. LLC
Stonehill College, Inc.

Latest news about Sumner Redstone 
10/08LESLIE MOONVES : CBS to look for potential buyers after Moonves probe ends - Fox journalist
09/26CBS : names Richard Parsons interim chairman of board
09/11LESLIE MOONVES : CBS sets Moonves payoff at $120 million pending probe
09/11CBS : sets Moonves payoff at $120 million pending probe
09/07LESLIE MOONVES : Moonves Negotiates Exit at CBS -- WSJ
09/06CBS : Directors, Les Moonves Negotiating His Exit as CEO--Update
More news

Popular Business Leaders 
Marc Benioff Jeff Bezos Lloyd Blankfein Warren Buffett Tim Cook Elmar Degenhart Michael Dell Jamie Dimon Nicandro Durante John Edwards David Einhorn Bill Gates Carlos Ghosn David Henry Heinrich Hiesinger Carl Icahn Charles Koch Ulrich Lehner Robin Li Daniel Loeb Jack Ma Sergio Marchionne Laurent Mignon Leslie Moonves Rupert Murdoch Elon Musk Satya Nadella Jean-charles Naouri Peter Nicholas Xavier Niel Indra Nooyi Michael O'leary John Paulson Thomas Rabe Denis Ranque Ian Read Sumner Redstone Alexandre Ricard Kasper Rorsted Wilbur Ross Sheryl Sandberg Charles Schwab Masayoshi Son Martin Sorrell Rupert Stadler Tidjane Thiam Martin Winterkorn Dieter Zetsche Mark Zuckerberg
A-Z Business Leaders