Arturo Moreno: From Rags to Riches and the Owner of the Angels
Introduction: arturo moreno is an American businessman of Mexican descent who is best known as the owner of the Los Angeles Angels, a Major League Baseball team. He has an inspiring rags-to-riches story, having grown up in a low-income family and eventually becoming a successful entrepreneur.
Early Life and Career:
Arturo Moreno was born on August 14, 1946, in Tucson, Arizona. He grew up in a low-income family and had to work hard to make ends meet. He attended the University of Arizona and graduated with a degree in marketing. After graduation, he worked as a salesman for a billboard company, which he eventually bought and renamed Outdoor Systems Inc.
Success as a Businessman:
Moreno turned Outdoor Systems Inc. into one of the largest outdoor advertising companies in the United States. In 1999, he sold the company to Infinity Broadcasting for $8.7 billion. This sale made him one of the wealthiest Hispanic Americans in the country.
Purchase of the Angels:
In 2003, Moreno became the first Hispanic owner of a Major League Baseball team when he purchased the Anaheim Angels (now known as the Los Angeles Angels) for $180 million. Under his ownership, the team has experienced both success and disappointment, but Moreno has remained committed to making the Angels a winning franchise.
Moreno is also known for his philanthropic work, particularly in the Latino community. He has donated millions of dollars to various charities and organizations, including the Hispanic Scholarship Fund and the Congressional Hispanic Caucus Institute.
Arturo Moreno’s story is a testament to the American Dream. He worked hard to overcome the challenges of poverty and discrimination and became a successful businessman and owner of a Major League Baseball team. His philanthropic work has also made a positive impact on the Latino community. Moreno’s success is an inspiration to anyone who wants to achieve their dreams through hard work and determination.