Name
Manuel Lao Hernandez
Primary Residence
Matadepera, Spain
Citizenship
Spain
Source Of Wealth
casinos, Self Made
Net Worth
$1,700,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
1425
Forbes List Rank One: Title
#1425 Billionaires 2019
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Summary
Manuel Lao Hernandez founded Cirsa, a multinational casino company. He sold it to Blackstone for an estimated $2.6 billion (including debt) in 2018. He started the business in 1978 and expanded it to nine countries in Latin America and Europe. He still owns Cirsa's Argentina operations. His three children all worked for the family business, which was based just outside of Barcelona.
Did you know?
As a hobby, Lao Hernandez grows bonsai trees.He has a foundation named after him that has organized a poker tournament in which people with disabilities compete to have a wish fulfilled.
Age
75
Categories
Number of Children
3
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