Arturo Moreno
#839

Arturo Moreno

United States 79 years old Self-Made

Overview

Source of Wealth
Billboards, Los Angeles Angels
Industry
Sports
Residence
Phoenix, Arizona
Education
University of Arizona (Bachelor of Arts/Science)
Marital Status
Married
Children
3

Assets

  • Alphabet
    260,000 shares @ -
    -
    GOOGL-US
  • Amazon
    80,000 shares @ -
    -
    AMZN-US
  • Apple
    250,000 shares @ -
    -
    AAPL-US
  • AT&T Inc.
    1,245,000 shares @ -
    -
    T-US
  • Blackstone Group
    715,000 shares @ -
    -
    BX-US
  • Clear Channel Outdoor Holdings Inc.
    67,613,000 shares @ -
    -
    CCO-US
  • JPMorgan Chase & Co.
    375,000 shares @ -
    -
    JPM-US
  • Morgan Stanley
    152,000 shares @ -
    -
    MS-US

Biography

Arturo Moreno is the owner of the Los Angeles Angels baseball team, which he bought in 2003 for $184 million. It is now worth about $2.75 billion.

Moreno's initial fortune came from billboard advertising company Outdoor Systems, which he sold to Infinity Broadcasting in 1999 for $8.3 billion.

He has stakes in other billboard advertising companies, as well as commercial real estate holdings throughout Phoenix.

Moreno's $325 million plan to develop a new Angels baseball stadium was scuttled in 2022, by Anaheim's City Council.

A few months later, Moreno announced he intended to sell the Angels to the highest bidder but later changed his mind.

About

The oldest of 11 children, Moreno was drafted into the Vietnam War before attending the University of Arizona on the G.I. Bill.

When Moreno bought the Angels, he became the first Mexican-American to own a major league sports team.