Date of Birth
Arturo Moreno was born on August 14, 1946 (age 76 years), in Tucson, Arizona, United States.
Net worth
$1-5 million
Spouse
Carole Moreno (m. 1986)
Parents
Arturo Ricardo Moreno, Mary Moreno
Nationality
American
Education
B.S. University of Arizona
Children
Nikki Moreno, Bryan Moreno, Rico Moreno
Occupation
businessman
Known for
CEO of Outdoor Systems; owner of Los Angeles Angels Salesperson for a billboard company, in 1973-84, he became principal and chief executive officer of Outdoor Systems, Phoenix, AZ, 1984, he owned a share of the Salt Lake City Trappers, a Class A baseball team, in 1985-92, he works as an original investor in the Arizona Diamondbacks in 1998, and he bought Anaheim Angels in 2003.
Who Was Arturo Moreno?
Arturo Moreno is a famous American businessman. On May 15, 2003, when he bought the Anaheim Angels baseball team from the “Walt Disney Company ” he became the first Mexican-American to own a major sports team in the United States. He announced he would explore a possible franchise sale In August 2022. Now, Arturo Moreno’s The Terminal List is trending on the internet. Scroll down to know the reason.
Early life and education
Arturo Moreno (born August 14, 1946) is an American businessman. Moreno was born in Tucson, Arizona, to a Mexican American family who immigrated from Mexico. His father ran a small print shop, and his grandfather owned Tucson’s first Spanish-language newspaper. Arturo Moreno graduated from high school in 1965, was drafted into the United States Army in 1966, and fought in the Vietnam War. After returning to civilian life in 1968, he enrolled at the University of Arizona, graduating in 1973 with a degree in marketing.
Career highlights
There are some highlights of Arturo Moreno’s career.
Advertising background
In 1984, he moved back to Arizona, settling in Phoenix, where he was hired by the billboard company Outdoor Systems. Moreno and his friend attempted unsuccessfully to buy the firm from owner William S. Levine in 1984. In 1996, Moreno took Outdoor Systems public. The company’s stock soared, and Infinity Broadcasting purchased Outdoor Systems for $8 billion in 1998.
Baseball ownership
Alongside 17 other investors, Arturo Moreno purchased the Salt Lake Trappers minor league team in 1986. Moreno wished to own a Major League Baseball team in 2001. He remained determined to own a Major League team and soon set his sights on the 2002 World Series champion Anaheim Angels. In April 2003, it was announced that Moreno had agreed with The Walt Disney Company to purchase the team for $180 million. On May 15, 2003, MLB commissioner Bud Selig announced that Angel’s sale to Moreno had been approved.
Angels owner
In 2003 Moreno bought Anaheim Angels; in October 2020, Moreno, through his company SRB Management, agreed to purchase Angel Stadium and the surrounding parking lots from the City of Anaheim for $320 million. On August 23, 2022, Moreno announced that he would explore a possible sale of the Angels franchise. from march 2022, Forbes estimated the franchise to be worth $2.2 billion.
Other business interests
Moreno led a partnership of buyers to purchase Radio 830 KMXE, On February 26, 2006. For the 2006 and 2007 seasons, Radio 830 KMXE served for the Angels as the Spanish-language radio broadcast outlet. On July 17, 2007, the station began broadcasting from new studios in Angel Stadium. Before the 2008 season, the station became AM830 KLAA (AM) and went all English, including the Angels game broadcast. The morning and afternoon sports talk show was also added to this station. While it seems a new trend for sports teams to buy their radio stations, for the Angels, it is a tradition started by team founder Gene Autry, who owned 710 KMPC and broadcast the games for years.
Arturo Moreno’s personal life
It is unclear whether the American businessman Arturo Moreno is part of the Terminal List series. American famous businessman Arturo Moreno has been married twice and has 3 children. The Moreno Family Foundation, established by Arturo and his wife, supports non-profit organizations focusing on education and youth. According to popular Bío, American businessman Arturo’s net worth is estimated to be $1-5 million.
5 surprising facts about Arturo Moreno
- Arturo Moreno owns the Los Angeles Angels baseball team, which he bought in 2003 for $184 million. It is now worth about $2 billion.
- 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 and commercial real estate holdings throughout Phoenix.
- In May 2022, Moreno’s $325 million plan to develop a new Angels baseball stadium was scuttled by Anaheim’s City Council.
- A few months later, Moreno announced he intended to sell the Angels to the highest bidder.