Arte Moreno Net Worth

Arte Moreno has an estimated net worth of $4.9 billion, according to Forbes Real-Time Billionaires, Arte Moreno profile (figures as of October 20, 2026). That is up from $3 billion in 2019.

Arte Moreno is an American businessman known for billboard advertising and baseball ownership. He built his first big fortune at Outdoor Systems, where he rose to president and chief executive officer after joining the company in Phoenix. In 1996, he took Outdoor Systems public. That set up the major deal that made him widely known in business, when Infinity Broadcasting bought the company in 1999 for $8.3 billion.

He became a bigger public figure in 2003, when he bought the Anaheim Angels from the Walt Disney Company. That made him the first Mexican-American to own a major sports team in the United States. Forbes says his wealth comes from billboards and the Los Angeles Angels. He also has stakes in other billboard companies and commercial real estate in Phoenix. In 2026, he agreed to sell the Angels to Stan Kroenke for $4 billion.

How Arte Moreno built his wealth

Moreno made his name in outdoor advertising before he became a sports owner. After college, he worked in the ad business and later joined Outdoor Systems in Phoenix. He tried to buy the company in 1984, then became a partner with owner William S. Levine and later its president and chief executive officer. In 1996, he took the company public. His biggest payday came in 1999, when Infinity Broadcasting bought Outdoor Systems for $8.3 billion.

His wealth did not stay tied to one deal. Forbes notes that he has stakes in other billboard advertising companies, along with commercial real estate holdings throughout Phoenix. He also turned to baseball ownership. In 2003, he bought the Angels for $184 million, according to Forbes profile notes. He later agreed to sell the club to Stan Kroenke in September 2026 for $4 billion, a much larger price than what he paid.

What happened to his Forbes net worth

Forbes estimated Moreno's net worth at $3 billion on its 2019 World's Billionaires List. The figure then moved higher over the next several annual lists: $3.3 billion in 2020, $3.4 billion in 2021, $3.6 billion in 2022, $4.1 billion in 2023, and $4.9 billion in 2024. Forbes put him at $5 billion on its 2025 and 2026 lists, showing a long rise tied to his advertising assets and sports holdings.

The latest update is slightly lower than the annual 2026 list. Forbes' real-time tracker showed Moreno at $4.9 billion as of October 20, 2026. Around that time, one of the biggest money stories tied to him was the Angels deal. Forbes profile notes say he agreed in September 2026 to sell the team for $4 billion. Earlier, a $325 million plan for a new Angels stadium was stopped by Anaheim's City Council in 2022.