Sumner Redstone Net Worth

Sumner Redstone net worth: American media magnate, Sumner Redstone has a net worth of $4.4 billion as of March 2012, 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.