Arturo Moreno
$5.0B
Born
Aug 14, 1946
Age
79
Source of Wealth
Billboards, Los Angeles Angels
Residence
Phoenix, Arizona
Citizenship
United States
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, University of Arizona
- 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.
- 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.
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