Arte Moreno, the outgoing owner of the Los Angeles Angels, has a net worth of approximately $5 billion . Forbes estimated his net worth at around $5 billion as of early 2026, though his fortune is expected to grow following his agreement to sell the Angels to Stan Kroenke for a reported $4 billion .
| Category | Details |
|---|---|
| Current Net Worth | Approximately $5 billion |
| Source of Wealth | Billboard advertising, Los Angeles Angels |
| Key Asset | Los Angeles Angels (sale agreed for $4B) |
| Age | 79 |
| Residence | Phoenix, Arizona |
How Arte Moreno Built His Fortune
The Billboard Business
Moreno’s wealth originated in the outdoor advertising industry. He began his career at Eller Outdoor in the early 1980s, and by 1984 had moved to Phoenix to work for Outdoor Systems . In 1996, he took the company public, and in 1998, Infinity Broadcasting acquired Outdoor Systems for $8.3 billion in stock . This massive windfall provided the capital for his sports ownership ambitions.
The Angels Purchase
In 2003, Moreno purchased the Anaheim Angels from The Walt Disney Company for $180 million . The purchase made him the first Mexican-American to own a major American sports team . At the time, the team had just won its first World Series championship.
Under Moreno’s ownership, the franchise rebranded to the Los Angeles Angels and saw its value skyrocket. By 2006, just three years after his purchase, the team was worth around $368 million**. The sale to Kroenke values the Angels at a record **$4 billion .
Additional Business Interests
Beyond baseball, Moreno has invested in other ventures:
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Commercial real estate: He holds significant commercial real estate properties throughout Phoenix, Arizona .
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Radio stations: He previously owned Spanish-language radio station AM830 KLAA, which broadcast Angels games .
The Sale to Stan Kroenke
On August 31, 2026, Moreno agreed to sell a controlling stake in the Angels to Stan Kroenke’s Kroenke Sports & Entertainment . The deal is expected to close in early 2027 .
In the sale agreement, Moreno is retaining a small minority stake in the franchise . The transaction values the team at $4 billion, the highest-ever valuation for a Major League Baseball team.
Frequently Asked Questions
What is Arte Moreno’s net worth in 2026?
Arte Moreno’s net worth is approximately $5 billion as of 2026, according to Forbes and other sources .
How did Arte Moreno make his money?
Moreno made his fortune through the outdoor advertising industry. He sold his billboard company, Outdoor Systems, to Infinity Broadcasting for $8.3 billion in 1998 .
When did Arte Moreno buy the Angels?
Moreno purchased the Anaheim Angels from The Walt Disney Company in 2003 for $180 million .
How much are the Angels selling for?
The Angels are being sold to Stan Kroenke for a reported $4 billion, making it the highest sale price in MLB history .
Who is Arte Moreno’s successor?
Stan Kroenke, the owner of the Los Angeles Rams, Denver Nuggets, Colorado Avalanche, and Arsenal, is purchasing the Angels from Moreno .
Conclusion
Arte Moreno’s $5 billion net worth in 2026 reflects a journey from a Vietnam veteran and marketing graduate to one of the wealthiest sports owners in America. His $180 million purchase of the Angels in 2003 grew into a $4 billion sale nearly 23 years later. As he transitions out of baseball ownership, his legacy as the first Mexican-American majority owner of a major U.S. sports team is secure.
