Manuel Lao Hernández & family
$1.9B
Born
Jun 10, 1944
Age
81
Source of Wealth
Casinos
Residence
Matadepera,
Citizenship
Spain
Marital Status
Married
Children
3
Education
- 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.
- Today, through his Nortia investment firm, Lao Hernandez has interests in infrastructure, real estate and leisure and entertainment.
- 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.
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