Arte Moreno Net Worth (Updated 2025).
Arte Moreno, born in Los Angeles, California, was raised with a strong work ethic and entrepreneurial spirit. He started his professional journey in the late 1970s, working his way up from a sales representative to a successful businessman. Moreno’s career took off when he co-founded a sports marketing and event management company, which later merged with another firm to form what is now known as AEG. This venture allowed him to gain significant experience in the sports industry, paving the way for his future endeavors.
In 1999, Arte Moreno made a bold move that would catapult him to fame. He purchased the Anaheim Angels baseball team, then a struggling franchise, for $180 million. Moreno’s vision was to transform the team into a successful and beloved part of the community. He invested heavily in the team, signing high-profile players and improving the stadium’s facilities. His efforts paid off when the Angels won the World Series in 2002, just three years after his acquisition. This triumph not only solidified Moreno’s reputation as a shrewd businessman but also made him a household name in the world of sports.
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Arte Moreno’s Current Net Worth (2025)
As of 2025, Arte Moreno’s net worth is estimated to be around $3.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful career in the business world, particularly his ownership of the Anaheim Angels baseball team.
Career
Arte Moreno’s career spans over three decades, with a focus on marketing and advertising. He began his professional journey at Young & Rubicam, where he worked his way up to become the CEO of the company’s Mexican operations. In 1992, he founded his own advertising agency, Moreno & Associates, which grew to become one of the largest Hispanic-owned advertising agencies in the U.S. Moreno’s most notable achievement, however, is his purchase of the Anaheim Angels baseball team in 2003, transforming it into a successful and profitable franchise.
Other Ventures
Besides his ownership of the Anaheim Angels, Arte Moreno has also ventured into real estate development. He is the founder and CEO of SRM Development, a company that focuses on developing residential and commercial properties. Moreno’s business acumen has also led him to invest in various other industries, including finance and technology, although the specifics of these investments are not widely publicized.
Assets
Arte Moreno’s assets include a significant stake in the Anaheim Angels, valued at over $1 billion. He also owns several properties across the United States, including a luxurious estate in Newport Beach, California, and a ranch in Texas. Moreno’s art collection, which includes works by renowned artists like Frida Kahlo and Diego Rivera, is also considered a valuable asset. His advertising agency, Moreno & Associates, and his real estate development company, SRM Development, also contribute to his overall wealth.
Annual Income
Arte Moreno’s annual income is primarily derived from his ownership of the Anaheim Angels and his real estate development ventures. According to Forbes, his net worth increased by $500 million between 2020 and 2021, indicating an annual income in the hundreds of millions of dollars. However, the exact figure of his annual income is not publicly disclosed. Moreno’s income also likely includes earnings from his advertising agency and other investments, although these specifics are not widely available.
Frequently Asked Questions about Arte Moreno
**Frequently Asked Questions: Arte Moreno Net Worth**
1. **What is Arte Moreno’s net worth?**
Arte Moreno’s net worth is estimated to be around $3.5 billion.
2. **How did Arte Moreno make his fortune?**
Arte Moreno made his fortune primarily through his business ventures in real estate and sports. He is the owner of the Los Angeles Angels baseball team and has developed numerous residential and commercial properties.
3. **When did Arte Moreno buy the Los Angeles Angels?**
Arte Moreno purchased the Los Angeles Angels in 2003.
4. **What is Arte Moreno’s age?**
Arte Moreno was born on January 17, 1946, making him 76 years old.
5. **Where was Arte Moreno born and raised?**
Arte Moreno was born and raised in El Paso, Texas.
6. **What is Arte Moreno’s educational background?**
Arte Moreno graduated from the University of Texas at El Paso with a degree in business administration.
7. **What other businesses is Arte Moreno involved in besides the Los Angeles Angels?**
Arte Moreno is involved in various business ventures, including real estate development, car dealerships, and investments in media and entertainment.
8. **Has Arte Moreno received any awards or recognition?**
Yes, Arte Moreno has been recognized with several awards, including the Hispanic Heritage Award for Business in 2009 and the Ellis Island Medal of Honor in 2014.
9. **What is Arte Moreno’s philanthropic work like?**
Arte Moreno and his wife, Carole, are involved in various philanthropic efforts, focusing on education, health, and community development. They have established the Arte and Carole Moreno Family Foundation to support these causes.
10. **What is Arte Moreno’s political affiliation?**
Arte Moreno is a registered Democrat.
