Arturo Moreno
Arturo “Arte” Moreno is an American businessman. On May 15, 2003, he became the first Mexican-American to own a major sports team in the United States when he purchased the Anaheim Angels baseball team from the Walt Disney Company.
- Arturo Moreno is the owner of the Los Angeles Angels baseball team, which he bought in 2003 for $184 million. It is now worth $1.9 billion.
- Moreno’s initial fortune came from billboard advertising company Outdoor Systems, which he sold to Infinity Broadcasting for $8.7 billion in 1999.
- He has stakes in other billboard advertising companies, though the bulk of his fortune is now in the Angels.
- The oldest of 11 children, Moreno was drafted into the Vietnam War.
- He donates millions of dollars annually to the Moreno Family Foundation, which supports underprivileged youth and education nonprofits.
