324. Ar­turo Moreno

Forbes - - PROMOTION -

$2.5 billion  Self-made Score: * Source: bill­boards, ana­heim an­gels

age: 71 res­i­dence: phoenix B.S., u. of ari­zona ’73

“i tell peo­ple all the time, there’s 2 types of ed­u­ca­tion,” says moreno. “there’s one where you learn by a book and you’re taught, and the other one is a base­ball bat—ev­ery time you make a mis­take some­body comes and hits you in the back of the head.” he re­ceived his for­mal ed­u­ca­tion at the Univer­sity of ari­zona cour­tesy of the gi bill af­ter a 2-year army tour that in­cluded 12 months in viet­nam; at school moreno, the old­est of 11 sib­lings and the first in his fam­ily to at­tend col­lege, used part of his funds to buy an off-cam­pus house that he rented out. later he built a for­tune in bill­board ad­ver­tis­ing via out­door sys­tems—sold to in­fin­ity broad­cast­ing for $8.7 billion in 1999—and bought the ana­heim (now los an­ge­les) an­gels base­ball team.

Arte Moreno (right) with his best friend Dennis Kuhl.

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