MTV and Comedy Central Sumner Redstone (97) owner passed away | Financial

Born in Boston as Sumner Rothstein, Redstone inherited businesses from his father, including drive-in cinemas that formed the basis for his foray into American theaters, TV and film. National Amusements operates a large number of media companies through ViacomCBS, including CBS, MTV, VidCon, CBS Productions, BET, Comedy Central and Paramount Pictures. Redstone itself, according to the American business magazine Forbes, is good for 5 billion dollars.

It wasn’t until age 92, and after a court-ordered investigation by a geriatric psychiatrist, that Redstone resigned from his duties as chairman of the board at CBS and Viacom.

The billionaire’s later life has been overshadowed by long-drawn-out family feuds and blatant accusations by ex-girlfriends. The power struggle in his empire seems to have been settled. In any case, Redstones ViacomCBS is managed by a family trust headed by his daughter Shari Redstone.

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