Redstone Family Net Worth (Updated 2026).
The Redstone family’s foray into the entertainment industry began in the early 20th century when Hungarian immigrant, Martin Redstone, founded National Amusements in 1906. Starting with a single movie theater in Bridgeport, Connecticut, the family’s entrepreneurial spirit was ignited.
The Redstone family’s rise to fame began in the 1960s when Martin’s son, Sumner, took the helm of National Amusements. Sumner, a visionary in the industry, expanded the company’s theater chain and made strategic investments in television and film production. In 1987, he orchestrated a deal that would catapult the family’s fame: the acquisition of Viacom, a major media and entertainment conglomerate.
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Redstone Family’s Current Net Worth (2025)
The Redstone family, led by media mogul Sumner Redstone, has an estimated net worth of $6.5 billion as of 2025. This figure takes into account the family’s majority stakes in media conglomerates CBS and ViacomCBS, as well as their other business ventures.
Career
Sumner Redstone, the patriarch, started his career at his father’s drive-in theater business. He later took over the company and expanded it into National Amusements, which now operates over 1,500 screens worldwide. His daughter, Shari Redstone, serves as the Vice Chair of CBS and ViacomCBS, playing a significant role in the family’s media empire.
Other Ventures
Beyond media, the Redstone family has invested in various industries. They own a stake in the National Basketball Association’s Milwaukee Bucks and have interests in real estate and technology. Shari Redstone has also been involved in philanthropic efforts, focusing on causes like education and healthcare.
Assets
The Redstone family’s assets include a significant stake in CBS and ViacomCBS, valued at around $5 billion. They also own a substantial real estate portfolio, including properties in California and New York. Additionally, their investment in the Milwaukee Bucks is worth hundreds of millions.
Annual Income
The Redstone family’s annual income is largely derived from their media holdings. In 2024, National Amusements reported revenues of over $1.5 billion. The family also receives dividends and other compensation from CBS and ViacomCBS, though the exact amounts are not publicly disclosed.
Frequently Asked Questions about Redstone Family
**Frequently Asked Questions: Redstone Family Net Worth**
1. What is the Redstone Family’s net worth?
The Redstone family’s net worth is estimated to be around $10 billion.
2. Who are the members of the Redstone family?
The Redstone family includes Sumner Redstone, his daughter Shari, and Shari’s children Tyler and Kerith.
3. How did the Redstone family build their wealth?
The Redstone family built their wealth through the media and entertainment industry. Sumner Redstone founded and led Viacom and CBS, two major media conglomerates.
4. What companies does the Redstone family own?
The Redstone family owns a significant stake in National Amusements, which controls ViacomCBS.
5. What is Sumner Redstone’s role in the family’s business?
Sumner Redstone is the patriarch of the Redstone family and was the majority owner of National Amusements. He served as the executive chairman of both Viacom and CBS.
6. What is Shari Redstone’s role in the family’s business?
Shari Redstone is Sumner’s daughter and serves as the president of National Amusements. She also serves on the boards of ViacomCBS and CBS.
7. How much of ViacomCBS does the Redstone family own?
The Redstone family owns approximately 80% of the voting shares in ViacomCBS.
8. What is the Redstone family’s involvement in philanthropy?
The Redstone family has been involved in various philanthropic efforts, including supporting education, healthcare, and social causes through the Redstone Family Foundation.
9. Where do the Redstone family members live?
Sumner Redstone resides in Los Angeles, while Shari Redstone and her family live in the Boston area.
10. What are the future plans for the Redstone family’s business interests?
The Redstone family has expressed a commitment to maintaining and growing their media and entertainment holdings. They have also explored potential mergers and acquisitions to expand their business interests.
