Arte Moreno
| Arturo Moreno | |
|---|---|
Arte Moreno in 2007.
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| Born |
Arturo Ricardo Moreno August 14, 1946 Tucson, Arizona |
| Residence | Phoenix, Arizona |
| Education | B.S. University of Arizona |
| Occupation | businessman |
| Known for | CEO of Outdoor Systems; owner of Los Angeles Angels of Anaheim |
| Net worth |
 US$1.81 billion (September 2015) |
| Parent(s) | Mary and Arturo Ricardo Moreno |
Arturo "Arte" Moreno (born August 14, 1946) 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.
Moreno was born to a Mexican-American family in Tucson, Arizona, the oldest of 11 children of Mary and Arturo Ricardo Moreno. His father ran a small print shop; his grandfather owned Tucson's first Spanish-language newspaper. In 1965, graduated from high school and in 1966, he was drafted into the United States Army and fought in the Vietnam War. After returning to civilian life in 1968, he enrolled at the University of Arizona where he graduated in 1973 with a degree in marketing.
After school, he was hired to work at the Eller Outdoor advertising company. He traveled across the country for the next seven years, relocating several times and in 1984, he moved back to Arizona, settling in Phoenix, where he was hired by billboard company Outdoor Systems.
In 1996, Moreno took Outdoor Systems public. The company's stock soared, and in 1998 Moreno sold the company to Infinity Broadcasting for $8 billion.
With baseball being Moreno's favorite pastime, he applied his business acumen in that arena, as well, purchasing the Salt Lake Trappers minor league team alongside 17 other investors in 1986. The group owned the team until 1992, and the venture proved to be a resounding financial success.
By 2001, Moreno was hungry to own a Major League Baseball (MLB) team. He attempted to buy controlling interest in his homestate's Arizona Diamondbacks, however no deal could be reached. He nonetheless remained determined to own a Major League team, and soon set his sights on the 2002 World Series champion Anaheim Angels.
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