Lorenzo Fertitta
$3.8B
Born
Jan 03, 1969
Age
57
Source of Wealth
Casinos, mixed martial arts
Residence
Las Vegas, Nevada
Citizenship
United States
Marital Status
Married
Children
3
Education
Master of Business Administration, Leonard N. Stern School of Business; Bachelor of Arts/Science, U of San Diego
- 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 Fertittas got hooked on martial arts after taking weekly lessons in their casino's basement. In 2001, they bought UFC, owning it until a 2016 sale to WME-IMG.
- Fertitta's son Nicco played safety for the University of Notre Dame football team and is now an assistant coach at UNLV.
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