Frank Fertitta’s net worth, biography, fact, career, awards and life story

Net Worth: $2 Billion
Date of Birth: 1962
Gender: Male
Profession: Businessperson, Television Producer
Nationality: United States of America
Last Updated: 2020

Frank Fertitta Net Worth: Frank Fertitta III is an American businessman, casino executive, sports promoter, and entrepreneur who has a net worth of $2 billion. He is the current CEO of Station Casinos. He is also a founder, alongside his brother Lorenzo, of Zuffa LLC, which is the entity that runs the Ultimate Fighting Championship (UFC). He was a majority owner of the Ultimate Fighting Championship Organization until the company was sold to WME-IMG for $4 billion in July 2016.

Early Life: Frank Fertitta III was born in Las Vegas, Nevada on February 12, 1962. Frank and his younger brother Lorenzo Fertitta are the sons of Frank Fertitta Jr and Victoria Broussard Fertitta. Frank and Victoria moved to Las Vegas from Texas in 1960. Frank became a dealer at the Stardust Casino before being promoted to management positions at the Tropicana, Sahara, and Circus Circus casinos. In 1976, Fertitta Jr. observed that none of the Las Vegas casinos catered to Las Vegas residents. Frank built The Casino, a 5,000 square foot casino which eventually was renamed Palace Station.

Frank graduated from the private Catholic prep school Bishop Gorman High School in Las Vegas in 1980. He attended the University of Southern California and graduated with a B.A. in Business Administration in 1984.

Throughout high school and college, Frank III and Lorenzo worked for their father at a Station Casino.

Career: After college, Frank III was named an Officer and General Manager of Station Casinos in 1985. In 1986 he was named Director, Executive Vice President, and Chief Operating Officer. From 1989 to July 2000, he was President of Station Casinos, and from July 1992 to the present, he’s been CEO of Station Casinos.

Frank III and his younger brother Lorenzo led Station Casinos to its first IPO in 1993. The IPO raised $294 million. The global financial crisis hit Las Vegas hard. In 2007, Station Casinos was taken private again in a leveraged buyout led by the company’s management. Station Casinos filed for Chapter 11 bankruptcy in July 2009. The company emerged from bankruptcy in June 2011. The new Station Casinos left the Fertitta brothers in 100% control of the company. Under the direction of Lorenzo and his brother, Station Casinos has grown to 21 casinos.

In October 2015, Frank III and Lorenzo filed with the SEC to take Station Casinos public again through an IPO. In April  2016, new holding company Red Rock Resorts. raised $531.4 million in its IPO. In January 2017, Lorenzo Fertitta was named Vice Chairman of Red Rock Resorts, Inc.

In 2001, Frank III and Lorenzo established  Zuffa, LLC to buy the Ultimate Fighting Championship for $2 million. Lorenzo became the Chairman and CEO of UFC. The Fertittas ran the UFC until it was sold in August 2016 for $4 billion.

Fertitta Capital, a private investment firm, was launched in May 2017 with an initial seed investment of $500 million from  Frank and Lorenzo Fertitta.

Personal Life: Frank Fertitta III and his wife Jill live in Las Vegas with their three children.

In 2012 Frank and his wife Jill made a large donation to the University of Southern California which resulted in the construction of a new building for the USC Marshall School of Business and helped establish the Jill and Frank Fertitta Endowed Chair in Business.

In 2016 Frank and Lorenzo each pledged $7.5 million to establish the Fertitta Veterans Program at New York University’s Stern School of Business, a full-time MBA program designed to support U.S. military veterans’ transition to business school.

In September 2016, the Fertitta family made a $10 million donation to UNLV to fund a 73,000-square-foot football facility that will be named The Fertitta Football Complex.

His daughter Kelley, a vice president at her father’s company, got married at a lavish wedding at Red Rock Resorts in September 2018. The wedding reportedly cost Fertitta $25 million. John Mayer performed during the Friday evening rehearsal, and Bruno Mars and Seal headlined Saturday’s reception party. Kelley married Tyler Chad Nemiro, a graduate of the University of Southern California, who is the director of enterprise sales at Shopify Plus.

Fertitta’s daughters Kelley and Victoria attended the University of Southern California and run a lifestyle blog called Wilson Gabrielle.

UFC Sale: In July 2016, Frank and Lorenzo Fertitta sold UFC to Hollywood talent agency WME-IMG for $4 billion. The brothers own a combined 81% of UFC. They bought their stake in 2001 for $2 million.

Real Estate: In September 2017, Frank was revealed to be the secret buyer of a chic $70 million penthouse at 520 Park Avenue in Manhattan. Fertitta’s new pad is a six-bedroom duplex and one of the most expensive units at 520 Park. The development is an exclusive 54-story condo tower being built at East 60th Street. Fertitta’s new pad is 9,138 square feet with an additional 279 square feet of balconies/terraces.

In June 2009, Frank spent $28 million on a mansion in Laguna Beach, California. The oceanfront home is located within the exclusive, guard-gated Emerald Bay community.

You May Also Like

Billy Bob Thornton’s net worth, biography, fact, career, awards and life story

Billy Bob Thornton Net Worth and Salary: Billy Bob Thornton is an American actor, screenwriter, producer, and musician who has a net worth of $45 million. Thornton has truly made an impact on the entertainment industry as both an actor and a screenwriter. Today, his unique on-screen presence and sense of humor have made him a much sought-after addition to a number of films. Thornton arrived on the scene relatively late in his life, and he actually began his artistic career in the music industry. After proving his worth as a screenwriter, he started to star in his own movies and gradually became a more successful actor. Throughout his career, Thornton has won many awards, including an Oscar, two Golden Globes, two Critics’ Choice Awards, an Independent Spirit Award, and many others. In 2004, Billy Bob was also given a star on the Hollywood Walk of Fame. Early Life: William Robert Thornton was born on August 4th of 1955 in Hot Springs, Arkansas. His nickname follows a convention set by his father, William Raymond “Billy Ray” Thornton, who was a high school teacher and basketball coach. Raised in a Methodist household alongside two brothers, Billy Bob’s family moved frequently within Arkansas, living in Alpine, Malvern, and Mount Holly. Thornton’s family was not wealthy, and they lived in a shack with no electricity or plumbing. While attending high school, Billy Bob became a talented baseball player. Initially, it looked as if he might become professional, but an injury destroyed his chances of a career with the Kansas City Royals. He spent the next period working for the Arkansas State Transportation Department before studying psychology at Henderson State University. After two semesters, he dropped out and moved to Los Angeles. Before moving to Los Angeles, he devised a plan with his childhood friend, Tom Epperson. Together, they decided to pursue a career in the entertainment industry, and Billy Bob became enthusiastic about an acting career. Although Thornton went to many auditions during his early days in Los Angeles, roles were hard to come by. He ended up paying the bills by working at fast-food restaurants and as a telemarketer. During this period, he also started his music career and joined a band called Jack Hammer. In a stroke of fate, Billy Bob found himself face to face with director and screenwriter Billy Wilder one day while working as a waiter during an industry event. The pair struck up a conversation, and Wilder gave Thornton one crucial piece of advice: focus less on acting, and establish yourself as a screenwriter. Thornton took the advice to heart and shifted his approach to the entertainment industry in the following years. Career: Although Billy Bob Thornton appeared in a few minor film and television roles throughout the 80s, he truly arrived on the scene when he appeared in “One False Move.” He co-wrote the script with Tom Epperson, and critics immediately praised him for his performance. After a number of small roles throughout the 90s, Thornton penned the script for “Sling Blade.” He then starred in the film and directed it, winning a number of awards for his accomplishment. Towards the end of the 90s, he appeared in films like “Primary Colors” and directed “All the Pretty Horses” in 2000. However, critical reception for the film was so bad that he swore never to direct again. Some of his most notable roles were in Hollywood blockbusters like “Armageddon,” “A Simple Plan,” “Monster’s Ball,” “Bandits,” and “The Man Who Wasn’t There.” In 2003, Billy Bob famously played an alcoholic, suicidal Santa in the black comedy “Bad Santa.” As Thornton became better known as an actor who was skilled at playing “assholes,” he started to appear in movies like “School for Scoundrels” and “Mr. Woodcock.” That being said, he also fought against being typecast by appearing in movies like “The Astronaut Farmer.” 2014 saw Billy Bob focus more on television, and he booked a recurring role in “Fargo.” He also made a guest appearance on “Big Bang Theory” that year. In 2016, he booked the lead role in “Goliath,” an Amazon Studios series about a washed-up lawyer. In 2017, “Goliath” was approved for a second season. Relationships: Billy Bob Thornton’s first wife was Melissa Lee Gatlin, and she divorced him after 2 years of marriage after citing infidelity on Thornton’s part. They had one child during the course of their relationship. His next two marriages to actresses Toni Lawrence and Cynda Williams also lasted two years each. In 1993, Pietra Dawn Cherniak became Thornton’s fourth wife, and the pair had two children over the course of their marriage. Cherniak divorced him after four years and accused him of spousal abuse. In 2000, Billy Bob made headlines when he married Angelina Jolie – a woman who was 20 years his junior. The resulting media frenzy never really ceased until the couple separated in 2002. In 2014, Billy Bob married his sixth wife, Connie Angland. He had been dating the makeup effects specialist for 11 years prior to their wedding. They have one child together and currently reside in Los Angeles. Real Estate: In the year 2000, Billy Bob Thorton and his then-wife Angelina Jolie purchased a property in Beverly Hills. The seller was Slash, the Guns N’ Roses guitarist, and the price was $3.7 million. When Thornton and Jolie split up, he managed to hold onto the property after the divorce paperwork. He subsequently held on to the 11,000-square-foot mansion until 2013, when he offloaded it for $8 million and earned a substantial profit on his initial investment. In 2008, Thornton splurged on a property in the Point Dume neighborhood of Malibu, paying $2.35 million. The 2,700-square-foot property features minimalist architecture, ample outdoor space, and four bedrooms. Unlike his previous real estate deal, Billy Bob actually lost money when he sold this property in 2018. After putting it on the market, the best offer he received was $2.1 million, which represented a $250,000 loss for the veteran actor. In 2013, Billy Bob purchased a property in Brentwood for $2.7 million. Secluded in the affluent Mandeville Canyon neighborhood of Brentwood, the 3,600-square-foot property sits in front of a cliffside in the backyard. Interior design highlights include French doors and extensive balconies. The heavily-remodeled home also features a solar-heated, saltwater swimming pool.
Read More

Rod Laver’s net worth, biography, fact, career, awards and life story

Rod Laver net worth: Rod Laver is an Australian former professional tennis player who has a net worth of $20 million. Rod Laver was born in Rockhampton, Queensland, Australia in August 1938. He turned professional in 1963 and retired in 1979 making $1.56 million in prize money. He was the first tennis player in history to earn over $1 million from tournament winnings. He won a then-unheard-of $300 thousand in 1971 alone. When adjusting for inflation, Rod earned roughly $5 million playing professional tennis. He was therefore not particularly wealthy when he retired. At least, not wealthy enough to never work again. Following his wife Mary’s lead, Rod set about to arrange a series of corporate endorsement deals that paved the way for the modern athlete to earn money outside of their sport. Mary, a divorcee with three kids, forced Rod to invest in stocks and bonds and in his free time appear at tournaments for a fee. She also helped him set up what would become a lucrative franchise of tennis camps in Hilton Head, South Carolina and Boca Raton, Florida. The Lavers bought a series of properties in California that Rod owns to this day, though Mary passed away in 2012. Rod owns a large mansion in Palm Springs, a ranch in Solvang and an impressive primary residence in Carlsbad, California. Rod Laver won 200 career titles and had a #1 ranking in 1961. He won the Australian Open in 1960, 1962, and 1969 and the French Open in 1962 and 1969. Rod Laver won Wimbledon in 1961, 1962, 1968, and 1969. He won the US Open in 1969 and 1969. He also had 28 doubles titles including at the Australian Open in 1959, 1960, 1961, and 1969 and at the French Open in 1961, Wimbledon in 1970, and the US Open in 1960, 1970, and 1973. The Rod Laver Arena at Centre Court in Melbourne was named after him in 2000 and he is a member of the Queensland Sport Hall of Fame.
Read More