Name
Lorenzo Fertitta
Lorenzo Fertitta
Las Vegas, Nevada
Bachelor of Arts/Science, U of San Diego | Master of Business Administration, Leonard N. Stern School of Business
United States
5
casinos, mixed martial arts
$1,900,000,000
1168
2
#1168 Billionaires 2019
#383 Forbes 400 2018
Lorenzo Fertitta and his brother, Frank, made the bulk of their fortune through mixed martial arts promoter UFC.They bought UFC for $2 million in 2001; an investment group led by WME/IMG bought it for $4 billion in 2016.They sold their remaining stakes in UFC in August 2017 at a $5 billion valuation. The Fertittas took public their casino business, Red Rock Resorts, 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.
The Fertitta brothers got hooked on martial arts after taking weekly lessons in their casino's basement. Soon after, they bought UFC.Fertitta's son Nicco plays safety for the University of Notre Dame football team.
50
3
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