Moreno's initial fortune came from billboard advertising company Outdoor Systems, which he sold to Infinity Broadcasting in 1999 for $8.7 billion.
He has stakes in other billboard advertising companies, though the bulk of his fortune is now in the Angels.
In December 2019, he bought a 150-acre site in Anaheim for $325 million, with plans to develop housing, retail and a potential new Angels stadium.
He donates millions of dollars annually to the Moreno Family Foundation, which supports underprivileged youth and education nonprofits.
ON FORBES LISTS
#238
Forbes 400 2020
#590
Billionaires 2020
About https://www.famousbirthdays.com/people/arte-moreno.htmlBillionaire who, upon purchasing the Anaheim Angels baseball organization from the Walt Disney Company in 2003, became the first Mexican-American to own a major U.S. professional sports team. He purchased the team after selling his company Outdoor Systems to Infinity Broadcasting for $8 billion in 1996.
Before FameHe was born in Tucson, Arizona and fought in the Vietnam War after graduating from high school. He earned a Marketing degree from the University of Arizona in 1985.
Trivia
He received heavy criticism from many Angels fans as well as Anaheim city officials for his decision to rename the team the Los Angeles Angels of Anaheim in 2005.
Family Life
He is the eldest of 11 children born to Mary and Arturo Ricardo Moreno. He has been married twice and has children named Bryan, Rico and Nikki.
Photo Gallery
WHAT FRIENDS SAY?
"Ross was always willing to help me when I started my career."
"Aliquam congue lacinia turpis proin sit nulla mattis semper."
"Fermentum habitasse tempor sit et rhoncus, a morbi ultrices!"