Name: Sumner Redstone
Fortune: Self Made (Viacom)
Net Worth: 7.7 Billion
Industry: Media/Entertainment
Billionaire World Rank: #63
Book: A Passion to Win
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From Forbes:
"Viacom chief planned to unlock languishing value of stock in his media company by splitting it into 2 entities: Viacom to retain entertainment properties (Paramount Pictures, MTV, Nickelodeon), newly-listed CBS to operate broadcasting units (including Infinity Broadcasting). Stocks dormant since the split, but looking for synergies with side investment Midway Games; joint operation with MTV Networks to release MTV game titles. Son of drive-in-theater owner took over the business in 1954, built National Amusements into 1,400-screen chain. Daughter, Shari, named nonexecutive vice chairman of the board in June."
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