Frank Fertitta, III.
Las Vegas, Nevada
Bachelor of Arts/Science, University of Southern California
United States
5
casinos, mixed martial arts
$1,900,000,000
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2
#1168 Billionaires 2019
#383 Forbes 400 2018
Frank Fertitta III and his brother, Lorenzo, made the bulk of their fortune through mixed martial arts promoter UFC.The brothers bought UFC for $2 million in 2001; it sold to an investment group led by WME/IMG for $4 billion in 2016.They sold their remaining stakes in UFC in August 2017 at a $5 billion valuation.The Fertittas took their casino business, Red Rock Resorts, public in 2016. It was founded by their father.They each pledged $7.5 million in 2016 to NYU's Stern School of Business for a scholarship for veterans.
His daughter Kelley, a vice president at her father's gaming company, got married at a lavish wedding at Red Rock Resorts in September 2018 where Bruno Mars sang. Frank and Lorenzo got hooked on martial arts after taking weekly lessons in their casino's basement. Soon after, they bought UFC.
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