Aug 10, 2024, 12:00 AM
Aug 10, 2024, 12:00 AM

Family Drama at Paramount Sale

Highlights
  • Shari Redstone's niece is set to receive $140M from Paramount sale.
  • The family rift between Shari Redstone and her niece surfaces amidst the business deal.
  • The drama within the powerful media family takes center stage during the sale.
Story

Keryn Redstone, the estranged niece of media mogul Shari Redstone, is poised to receive approximately $140 million from the sale of Paramount Pictures, a final bequest from her grandfather, Sumner Redstone. This inheritance comes from a trust established for his five grandchildren, as reported by sources familiar with the situation. Keryn reflected on her complex relationship with her grandfather, describing it as both challenging and authentic. Raised near the family estate in Massachusetts, Keryn's life took a turn when her father relocated the family to a ranch in Colorado. During a tumultuous period in the family's history, Keryn developed a friendship with Sumner's younger girlfriend, Manuela Herzer. This connection became significant during a legal dispute in 2016, when Keryn sided with Herzer against Shari Redstone, alleging that Shari sought to impose a "do not resuscitate" order on their grandfather during a hospital stay. Despite the familial rift, Keryn maintains that her relationship with Sumner was close and loving. However, Shari Redstone successfully barred Keryn and Herzer from visiting Sumner in his final years, culminating in a legal victory in 2019. As the grandchildren prepare to inherit 40% of the sale proceeds, Keryn has yet to reconcile with her aunt but has found common ground with her cousin, Tyler Korff, an ordained rabbi.

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