Meet Shari Redstone, the millionaire exec behind Paramount: the US media mogul faces a multibillion-dollar debt and feuds with her father Sumner may have inspired HBO’s hit show Succession …

  • The family drama between Shari and her entertainment titan father Sumner Redstone, former CBS and Viacom exec chairman, is said to have inspired the hit HBO show Succession
  • Her business manoeuvres resulted in the merger that led to Paramount, but recent news suggests that her father’s media empire, which she inherited, may be headed for a buyout

Shari Redstone is one of America’s most powerful women in the media business, inheriting the legacy of her father Sumner Redstone’s billion-dollar empire. Photo: Getty Images

American media mogul Shari Redstone has been a legend in the corporate world. She was the first woman to have a large stake of a US media business and controlled a media empire that was, at one point, worth US$30 billion, per Forbes.

Having wrestled control of her father’s media empire from competing business rivals and successfully pitching a merger that resulted in Paramount in 2019, Redstone was recognised as a force to be reckoned with. By the end of the year, however, the company was only worth below US$10 billion, per The Hollywood Reporter.

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