⬅ # 714 Ronald Lauder|# 716 Kjell Inge Røkke

# 715 Arte Moreno 

$4.64B

Real Time Net Worth
as of 5/18/2024
-$215.3k (-0.00%)

# 715 Arte Moreno 

$4.64B

Real Time Net Worth
as of 5/18/2024
-$215.3k (-0.00%)
OccupationOwner, Los Angeles Angels
Source of WealthBillboards, Los Angeles Angels
Age77
ResidencePhoenix, Arizona
Marital StatusMarried
Children3
EducationBS, University of Arizona
Age-Adjusted Net Worth$1.47B
Arte Moreno
Arte Moreno
United States
Net worth: $4.64B

Self-Made Score 

Wealth History

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Biography

Overview

Arturo Moreno, known as Arte Moreno, is a billionaire American businessman primarily recognized as the owner of the Los Angeles Angels baseball team.
His initial wealth stemmed from the sale of Outdoor Systems, a billboard advertising company, to Infinity Broadcasting in 1999 for $8.3 billion.
Moreno's acquisition of the Angels in 2003 marked him as the first Mexican-American to own a major sports team in the U.S.
He's also involved in billboard advertising companies and holds significant commercial real estate assets, particularly in Phoenix.

Early Life and Education

Born on August 14, 1946, in Tucson, Arizona, to Mexican immigrant parents, Maria and Arturo Moreno.
Graduated from the University of Arizona in 1973 with a degree in marketing after serving in the United States Army during the Vietnam War.
His entrepreneurial spirit was cultivated early as his father ran a print shop, and his grandfather owned Tucson's first Spanish-language newspaper.

Career

Advertising Background
Joined Eller Outdoor, an advertising company, after graduation, then moved to Outdoor Systems in 1984.
Took Outdoor Systems public in 1996, later sold to Infinity Broadcasting for $8 billion in 1998.

Baseball Ownership
Invested in the Salt Lake Trappers minor league team in 1986, a venture that proved financially successful.
Purchased the Anaheim Angels in 2003 for $184 million, marking a historic moment as the first Mexican-American to own a major U.S. sports team.
Under his ownership, the team saw significant successes including five American League West championships from 2004 to 2009.

Other Business Interests
Led a partnership to purchase Radio 830 KMXE, later rebranded as AM830 KLAA, serving as the broadcast outlet for the Angels.
Maintained involvement in various business ventures, including billboard advertising companies and real estate holdings.

Controversies and Challenges

Faced backlash over changing the team name from Anaheim Angels to Los Angeles Angels of Anaheim in 2005, leading to a lawsuit from the city and criticism from fans.
Criticized for high-profile, costly player signings that didn't translate to postseason success, including contracts for Albert Pujols and Josh Hamilton.
Received scrutiny for neglecting infrastructure investments in the Angels' farm system and other organizational aspects, leading to on-field struggles.

Personal Life

Married twice with three children, Moreno established the Moreno Family Foundation in 1997, supporting youth and education-focused nonprofits.
Known for privacy, Moreno avoids public discussions about his personal life and maintains a low profile outside of business and sports endeavors.
Endorsed Donald Trump for president in 2020, aligning with Republican politics, though he and his inner circle typically refrain from public political commentary.

How long would it take you to become as rich as Arte Moreno?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Arte Moreno's net worth of $4.64B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Arte Moreno is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Arte Moreno, Billboards and Los Angeles Angels are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey