Owner
Angels Baseball LP
THE NUMBERS: The club was acquired in 2003 from Walt Disney Co. for $184 million; it is Moreno’s chief asset, and its value continues to rise and could go much higher as new development around the stadium moves ahead. Angels roster includes two of MLB’s most recognizable and marketable players, Mike Trout and Shohei Ohtani.
KEY FIGURE: Reached a deal for city of Anaheim to sell the baseball stadium and the surrounding parking lots to a company controlled by Moreno, for about $320 million. Billions of dollars of residential, office and entertainment development, and perhaps a new stadium, expected to be built over coming years. Those plans are still in the early phases, and there’s talk the city could be forced to put the deal on hold. Land value will likely only increase over time, and the 153-acre site could well exceed the value of the team once built out.
BIG BREAK: He’s on his second fortune—the first came from Outdoor Systems, a billboard company he founded with partner and Angels minority investor Bill Levine, taking it public in 1996 and selling to Viacom in 1999 for $8.7 billion in stock.
PORTFOLIO: Also owns KLAA 830 AM, broadcasts the team’s games, along with Anaheim Ducks hockey, Notre Dame Football and ESPN programming.
PHILANTHROPY: Moreno and his wife, Carole, are heavily involved in local charities and other causes. The Angels Baseball Foundation has distributed more than $9 million to charitable programs throughout Southern California. In addition, they founded the Angels Scholars Award program in 2016, which funds college scholarships.
• NET WORTH: $3 billion
• LAST YEAR: $2.5 billion
• AGE: 73
• RESIDENCE: Corona del Mar
• SOURCE OF WEALTH: billboards, baseball
