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American History

Old Money Powerhouses: These Are the Richest People in American History Before 1990

richest people in american history before 1990

Sumner Murray Redstone

Sumner Redstone became rich because of National Amusements. Credit: Los Angeles Times

Sumner Murray Redstone was an American media magnate. He was born in 1923 and passed away in 2020. Redstone was the majority owner of National Amusements, a company that controlled several media and entertainment companies, including Viacom and CBS Corporation. Redstone was known for his strong personality and his hands-on approach to managing his media empire.

He was a fierce advocate for the value of content in the media industry, and was an early investor in companies such as MTV and VH1. Under his leadership, Viacom became one of the largest media companies in the world. Its portfolio included popular cable networks, movie studios, and theme parks. He had an estimated $2.6 billion when he died.

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