According to Forbes, as of September 2015, he was worth US$5 billion.
Redstone was formerly the executive chairman of both CBS and Viacom. In February 2016, at the age of 92, a week after a court-ordered examination by a geriatric psychiatrist, Redstone resigned both chairmanships, replaced by Leslie Moonves at CBS and Philippe Dauman at Viacom. Redstone then became chairman emeritus.[2]
Redstone was born in Boston, Massachusetts. He studied at Harvard College and at Georgetown University. He was married to Phyllis Raphael from 1947 until they divorced in 1999. He then was married to Paula Fortunato from 2002 until they divorced in 2009. He had two children: Brent and Shari.