+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeNewslettersNextShare

An estranged son, a legal battle with a live-in lover, and a mogul who wanted to 'live forever': Meet the heirs to the ViacomCBS empire

  • Media magnate Sumner Redstone, who forged an empire of entertainment companies encompassing CBS, Viacom, and Paramount Pictures, died on August 11 at the age of 97.
  • His legacy business, ViacomCBS, is worth $16 billion. His personal net worth was estimated by Forbes to be $3 billion.
  • He is survived by two children, Brent and Shari Redstone. His daughter, Shari, is the steward of much of his media empire. She owns a 20% stake in National Amusements, the family holding company, and is one of seven trustees overseeing Sumner's 80% stake.
  • For much of the last decade, legal battles brewed over Redstone's trust as he grew older without letting go of his stake. His mental capacity was often a subject in the litigation. His five grandchildren are now the beneficiaries of his trust — but at one point, his will included the two women he lived with after his second divorce.
  • Here's a look at the Redstone family dynasty.
Advertisement