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Lorenzo FertittaBillionaire, successful businessman
Date of Birth: 01.01.1969
Country:  USA |
Content:
- Lorenzo Fertitta: A Business Tycoon and Philanthropist
- Early Life and Education
- Family Business and Success
- Television Ventures
- Global Expansion
Lorenzo Fertitta: A Business Tycoon and Philanthropist
Lorenzo Fertitta is a renowned American businessman and billionaire with a net worth estimated at $1.3 billion according to Forbes magazine. His diversified ventures span gambling, entertainment, and sports.
Early Life and Education
Born into a family connected to the casino industry, Fertitta pursued higher education at the University of San Diego, where he earned a bachelor's degree in business administration. Subsequently, he went on to receive an MBA from New York University.
Family Business and Success
Following his father's footsteps in the casino business, Fertitta, along with his brother and another partner, acquired the Stardust Casino in 1995 and transformed it into a private company valued at $9 billion. Their success further flourished with the establishment of the Casino in 1976 and the Bingo Palace in 1995.
Television Ventures
Fertitta's interest in entertainment led him to invest in several television projects. The Ultimate Fighting Championship (UFC), a mixed martial arts promotion, became a lucrative acquisition for Fertitta, who poured $40 million into its development. In 2004, he launched "The Ultimate Fighter," a reality TV show that showcased fights under strict rules.
Global Expansion
Through Fertitta's efforts, UFC expanded its reach globally, airing on cable television in Canada, Europe, and the United States. Its popularity has established UFC as one of the most successful combat sports promotions worldwide.
