Frank Fertitta III
$3.7B
Born
Feb 24, 1962
Age
63
Source of Wealth
Casinos, mixed martial arts
Residence
Las Vegas, Nevada
Citizenship
United States
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, University of Southern California
- 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 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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