10 Things You Didn’t Know About Arturo Moreno

Arturo Moreno is well known as the owner of Los Angeles Angels. However, there’s more to this billionaire sports club owner than meets the eye. In this article, we delve into some lesser-known facts about this influential figure from the sport and business world. After reading this, you will understand Arturo Moreno not just as an influential businessman, but as a distinctive personality shaping the sports industry.

1. He Was the First Mexican-American to Own a Major Sports Team

Moreno became a part of history in 2003 when he decided to purchase the Los Angeles Angels. With this bold move, he was celebrated as the first Mexican-American to own a major sports team in the United States. This milestone expanded the diversity within major league owner groups, breaking barriers for future aspiring owners.

His acquisition of the Angels also proved that Moreno was an individual who was willing to invest in the wider community. Not only did he make history on a personal level, but he also provided an inspiration for other people of diverse backgrounds to aim for success in the sports industry.

2. He Is a Vietnam War Veteran

Before ascending to the peaks of American business and sports, Arturo Moreno served in the American military during the Vietnam War. His time in the army had a profound impact on his life and has since influenced his business decisions, particularly his commitment to veterans’ causes.

Moreno earned a degree in marketing after returning from the war, but never forgot his service and those he served with. Today, he is noted for honoring veterans at Angels’ games and has donated to causes that support veterans and active-duty military personnel.

3. His Entry into Billboard Advertising

After graduating university, Moreno began his career at Eller Outdoor advertising company. He worked his way up to eventually become president of this company. However, perhaps most significantly, this was also his entry into the billboard advertising industry, paving the way for his future billionaire status.

Later, he co-founded Outdoor Systems, a billboard advertising company in 1984. The company grew rapidly and became the largest billboard company in Phoenix, Arizona. In 1996, Outdoor Systems went public and was eventually sold to Infinity Broadcasting for $8.7 billion in 1999.

4. An Avid Philanthropist

Arturo Moreno may be known for his business acumen and influential role in sports, but he is also a philanthropist. He and his wife Carole have consistently made large donations to various causes, demonstrating their commitment to giving back to the community.

Their philanthropy primarily focuses on education, healthcare, and social services. The couple’s significant donations to non-profit organizations demonstrate their dedication to bettering their community as a whole and not just focusing on their business-related endeavors.

5. Named One of Forbes Richest Americans

Moreno’s success is not just in his passion for sports but also in his financial achievements. He is consistently named as one of the richest Americans by Forbes magazine. His financial accomplishments showcase his business savviness and strategic investments that have allowed him to build an impressive net worth.

Despite his wealth, Moreno is known for his down-to-earth personality and frugality, preferring to invest in matters that contribute to society rather than indulging in excess luxury.

6. Passionate about Baseball from Childhood

Since childhood, Moreno has been passionate about baseball. Born and raised in Tucson, Arizona, he became an ardent supporter of the sport after attending multiple Minor League games during his childhood. This early fondness laid the foundation for his future ownership of the Los Angeles Angels.

Some of his earliest memories include attending games with his father at the local ballpark. These experiences shaped his life, igniting a love for the sport that would eventually lead him to owning a baseball team.

7. He is Private about His Personal Life

Despite his public profile, Moreno is intensely private about his personal life. Although he is a well-known figure in the sports industry, he rarely gives interviews or makes public appearances outside of his professional responsibilities.

He prefers to keep a low profile, valuing the privacy and simplicity of his life despite his immense wealth and influence. This might be surprising to some given his high-profile ownership of a major league baseball team.

8. Shrewd Businessman

Moreno is well known as a shrewd businessman. After selling his company Outdoor Systems for a vast profit, Moreno invested in the Angels, taking the team to new heights and increasing its value significantly during his tenure.

His business acumen extends to his running of the Angels. He has often been noted for his shrewd business dealings and understanding of how to deal with other owners, players, and agents to ensure the best result for his club.

9. He Believes in Loyalty

Arturo Moreno values loyalty above all. Not only does he foster loyalty within his team, but he also consistently demonstrates loyalty for his employees and business partners.

Throughout his career, Moreno implemented changes to ensure the continued success of his ventures, but always remained loyal to those who contributed to his journey. This loyalty has been instrumental in his successful business pursuits.

10. Enthusiastic Community Supporter

Moreno believes in giving back to his community. He regularly donates his time and resources to support various community development initiatives.

He has been instrumental in supporting various local organizations, demonstrating his deep commitment to supporting those less fortunate and contributing to the development of his community.

Moreno is not just a successful businessman and baseball enthusiast. He is a Vietnam veteran, philanthropist, community supporter and much more. As we have discovered, there is much more to this influential figure than the world of business and baseball.

Visit Forbes profile of Arturo Moreno

Learn more about the Los Angeles Angels Front Office

Explore Arturo Moreno’s biography on Britannica