From Merging Viacom and CBS to Fighting Anti-Semitism: Shari Redstone's Influence and Net Worth
| Name | Shari Redstone |
| Net Worth | $500 Million |
| Salary | $500k- $1 Million |
| Annual Income | $50 Million + |
| Sources of Income | Business |
| Gender | Female |
| Date of Birth | Apr 14, 1954 |
| Age | 69 |
| Nationality | American |
| Profession | Chairman of ViacomCBS |
The woman guiding the Viacon CBS media empire from behind the scenes, American media exec Shari Redstone controls most of the channels an average viewer flips through on the TV every day, and has amassed a $500 million net worth. Apart from her role in CBS and Viacom, Redstone is also the president of National Amusements and a controlling shareholder at Paramount. She is also part of a notable media dynasty as the daughter of Sumner Redstone, the founder of National Amusements, a major media conglomerate.
What are Shari Redstone's sources of income?
Entrepreneurship is the main source of income for Redstone, who holds influential positions at Viacom CBS, including her role as vice-chairperson. She earns a substantial salary through compensation packages associated with her executive roles in the company. Shari Redstone and her family, including her father Sumner Redstone, hold a significant ownership stake in Viacom CBS, which adds to the source of income through dividends and capital appreciation, as they have control over a $30 billion media empire. Her leadership in facilitating the merger deal between CBS Corp. and Viacom Inc. in 2019 has established this financial standing for the media exec in the industry. Her family holds a majority ownership stake in prominent media entities, including CBS Corporation, Viacom, BET, MTV Networks, and Paramount Pictures.
Shari Redstone's salary
In her role as the Non-Executive Chairman of the Board at ViacomCBS Inc, Shari Redstone receives a total annual compensation of $456,130. This compensation represents her earnings as a board member and reflects her significant influence in the company's governance.
Shari Redstone's assets and real estate
Redstone, known for her discretion despite her family's high-profile business battles, is known for her lifestyle at a Westwood, Massachusetts mansion. While her wealth is derived from a vast family fortune, this property's listing price of $2.25 million appears more moderate for a billionaire. It's a noteworthy asset spread over 7,015-square-foot, with five bedrooms, and six-and-a-half baths on two acres of picturesque land.
Shari Redstone's personal life
Born on April 14, 1954, Redstone is the daughter of Phyllis Gloria Raphael and Sumner Redstone, and the sister of Brent Redstone. Her familial ties run deep in the media landscape, with her grandfather, Michael Redstone, being the founder of National Amusements, the parent company that now holds a majority stake in the Redstone media empire. Redstone was previously married to Ira A. Korff from 1980 to 1992 and has three children, including her son Brandon Korff. She is actively involved in philanthropy and serves on the board of directors of organizations like The National Center on Addiction and Substance Abuse.
Awards and recognition
Paramount Global Chair, Shari Redstone received the prestigious Simon Wiesenthal Center's (SWC) Humanitarian Award at the 2023 National Tribute dinner on May 10. This honor was granted in recognition of her unwavering commitment to combating anti-Semitism and promoting tolerance.
FAQs
How much of Paramount does Shari Redstone own?
Redstone, along with her family, has ownership of nearly 80% of Paramount Global's voting stock (PARAA).
Where did Shari Redstone get her law degree?
Shari Redstone obtained her law degree from Boston University.
Who is Shari Redstone married to?
Shari Redstone was married to Yitzhak Aharon Korff.