“My father led an extraordinary life that not only shaped the entertainment as we know it today, but also created a wonderful family heritage,” said Sherry Redstone, Sumner’s housewoman and chairman of Wycom-CBS. “Through it all, we shared a great love for each other. , And he was a great father, grandfather and great-grandfather. I’m so proud to be his daughter and I will always miss him. ”
Redstone, who used to say he would live forever, skeletonized about 80 percent of the voting shares of Viacom and CBS through his private holding company, National Amusements. In November 2019, his fortune was estimated at $ 3.9 billion. On December 5, 2019, the first trading day of the merged company Viacom-CBS, it dropped to a volume of $ 2.6 billion. During the Corona plague, its fortune in May 2020 was estimated at $ 3 billion.