Arturo Moreno

About Arturo Moreno

Birth Day: August 14, 1946
Birth Place: Phoenix, Arizona, United States
Birth Sign: Virgo
Residence: Phoenix, Arizona
Education: B.S. University of Arizona
Occupation: businessman
Known for: CEO of Outdoor Systems; owner of Los Angeles Angels of Anaheim
Parent(s): Mary and Arturo Ricardo Moreno

Arturo Moreno Net Worth

Arturo Moreno was bornon August 14, 1946 in Phoenix, Arizona, United States. Arturo "Arte" Moreno is the owner of the Los Angeles Angels, which he bought in 2003 for $184 million. It is now worth $1.75 billion. Moreno's fortune stems from his billboard advertising company Outdoor Systems, which he sold to Infinity Broadcasting for $8.7 billion in 1999. He has stakes in other billboard advertising companies, though the bulk of his fortune is now in the Angels. The oldest of 11 children, Moreno was drafted into the Vietnam War.
Arturo Moreno is a member of Sports

💰 Net worth: $2.5 Billion (Updated at 22 June 2018)

2009 $970 Million
2010 $1 Billion
2011 $1 Billion
2012 $1.1 Billion
2013 $1.15 Billion
2014 $1.3 Billion
2015 $1.8 Billion
2016 $2.1 Billion
2017 $2.1 Billion
2018 $2.46 Billion

Some Arturo Moreno images

Famous Quotes:

[Moreno] has really done an amazing job with the franchise. To double the value in three years without getting a new stadium is an incredible feat.

Forbes magazine associate editor Kurt Badenhausen

Biography/Timeline

1965

Moreno was born to a Mexican American family in Tucson, Arizona, the oldest of 11 children of Mary and Arturo Ricardo Moreno. His Father ran a small print shop; his grandfather owned Tucson's first Spanish-language newspaper. In 1965, graduated from high school and in 1966, he was drafted into the United States Army and fought in the Vietnam War. After returning to civilian life in 1968, he enrolled at the University of Arizona where he graduated in 1973 with a degree in marketing.

1984

After school, he was hired to work at the Eller Outdoor advertising company. He traveled across the country for the next seven years, relocating several times and in 1984, he moved back to Arizona, settling in Phoenix, where he was hired by billboard company Outdoor Systems.

1986

With baseball being Moreno's favorite pastime, he applied his Business acumen in that arena, as well, purchasing the Salt Lake Trappers minor league team alongside 17 other Investors in 1986. The group owned the team until 1992, and the venture proved to be a resounding financial success.

1996

In 1996, Moreno took Outdoor Systems public. The company's stock soared, and in 1998 Moreno sold the company to Infinity Broadcasting for $8 billion.

1997

In 1997, Moreno and his wife established the Moreno Family Foundation, which supports non-profit organizations focusing on youth and education. It also has provided support to the athletic programs at the University of Arizona.

2001

By 2001, Moreno was hungry to own a Major League Baseball (MLB) team. He attempted to buy controlling interest in his homestate's Arizona Diamondbacks, however no deal could be reached. He nonetheless remained determined to own a Major League team, and soon set his sights on the 2002 World Series champion Anaheim Angels.

2003

In April 2003, it was announced that Moreno had reached a deal with The Walt Disney Company to purchase the team for $180 million. On May 15, 2003, MLB commissioner Bud Selig announced that the sale of the Angels to Moreno had been approved. One of the first people to congratulate Moreno after the news was Diamondbacks' owner Jerry Colangelo, a personal friend who declared it a good opportunity for Moreno.

2005

However, Moreno encountered a substantial backlash from fans of the team, and in particular, from the city leadership of Anaheim, California, over his decision in 2005 to change the name of the team from the Anaheim Angels to the Los Angeles Angels of Anaheim. Moreno saw the change as part of an overall strategy to increase the team's revenue by actively marketing it to, and associating it with, the entire Los Angeles metropolitan area, rather than restricting the team's identity to the city of Anaheim and to Orange County. In recent years, the San Diego Zoo and Los Angeles Times have been notable club sponsors, while all baseball TV rightsholders also use some variation of the team's new name, indicating the effect of Moreno's plan. But the move outraged Anaheim city officials, who responded by suing the team. It also angered a substantial segment of the Angels' fan base in Orange County, who took pride in the team's identity being distinct from Los Angeles. The awkwardness of the of Anaheim suffix, appended to satisfy a contractual requirement for Anaheim to be included in the team's name, also caused the new name to become the subject of national ridicule. Eventually, the team won the lawsuit filed by the city. Whatever displeasure fans felt over the name change has not translated into diminished support for the team, as attendance levels have remained well above 2002 numbers.

2006

On February 26, 2006, Moreno led a partnership of buyers to purchase Radio 830 KMXE, the nation's largest Spanish-language AM radio station. For the 2006 and 2007 seasons Radio 830 KMXE served as the Spanish-language radio broadcast outlet for the Angels. On July 17, 2007 the station began broadcasting from new studios located in Angel Stadium. Just before the 2008 season the station became AM830 KLAA (AM) and went all English language, including the Angels game broadcasts. The station has since added morning and afternoon Sports talk shows to its lineup.

2007

Aside from the name controversy, Moreno's first few seasons as owner of the Angels were largely successful. The team posted three consecutive winning seasons for the first time in club history (2007–2009), including winning the American League Western Division championship in 2004, 2005, 2007, 2008, 2009, and 2014 when they finished with a league leading 99 regular season wins.