Lorenzo Fertitta is known as a business engineer, shareholder, industrialist and a philanthropist from the United States. He has an estimated net worth of billion dollars in 2017-2018. In addition, he is the administrator of Red Rock Resorts Inc. ex-CEO of Ultimate Fighting Championship (UFC) and a chairman of Fertitta Capital as well.
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Biography & Wiki
Lorenzo Fertitta was born on 3 January 1969, in Las Vegas, United States. He did his graduation in 1987, from Bishop Gorman High School which was a private Catholic prep school in Summerlin, Nevada. In addition, in 1991, he got a degree in Bachelors of Business Administration from the University of San Diego where he joined Sigma Pi fraternity. Also, in 1993, he did his MBA from the Stern School of Business located at New York University.
Fertitta got married to Teresa and this couple is having 3 kids.
Lorenzo Fertitta and his brother Frank Fertitta became the heir to their daddy’s business casino in 1993. He took up many different posts of executives under his family investment entertainment organization Fertitta Enterprises as of 1991. He became its vice president from the years of 1991 to 1993. Subsequent to this, he occupied the position of the president and then the CEO from 1993 till 2000.
Fertitta along with his brother Frank III, in 2001, moved on to have the authorities of joined-martial-arts confederation Ultimate Fighting Championship for a minute portion. UFC leads the biggest pay-per-view viewers worldwide and is aired to up to one billion houses in thirty languages crossways 149 countries with having headquarters in Sao Paulo, Toronto, London and Singapore
Fertitta remained one of the main investors and a co-creator of Station Casinos Inc where, in 1991, he contributed as an associate of the board of directors. Following this, he was made its president In July 2000. Anyhow, he left away from there to work for Zuffa, LLC. Station’s Casinos.
Fertitta, in 2013, along with his brother initiated ultimatepoker.com, being the 1st authentic online gaming site, anyhow in 2014, they had to close it due to operational errors and a demanding dogmatic setting.
Both of these brothers announced the Fertitta Veterans Program in 2016 at New York University Stern. It is a comprehensive MBA program intended to fund veterans’ of U.S. military shifted to business school.
Fertitta along with his brother Frank III invested his money to instigate a private investment company Fertitta Capital in 2017. This company has a stable investment and contributes strongly to the areas of technology, entertainment, and media.
Awards & Achievements
Lorenzo Fertitta got the associations of several different organizations throughout his career. He remained an ex-Chairman of the Nevada Resort Association. In addition, he is an ex-member of the Nevada State Athletic Commission. Moreover, he once got the affiliation of the American Gaming Association. Furthermore, he was a previous Advisory Board Member of Nevada First Bank.
Net Worth of Lorenzo Fertitta
Lorenzo Fertitta bagged an estimated net worth of $1.55 billion. He has earned this massive net worth by being a successful businessman, executive of casinos, sports advertiser and an industrialist throughout his career. He led the business of his father’s casinos which proved to be the basis of his well-built net worth. He has contributed to the Gordon Biersch Brewing Company by being its ex-president and CEO. Also, he remained the administrator of Station Holdco LLC.
Lorenzo Fertitta is a strong charity donor who donates to local Las Vegas charities on a regular basis, for instance, Catholic Charities of Southern Nevada, Nathan Adelson Hospice, and the Lou Ruvo Center for Brain Health and Three Square, a charity paying attention to delivering wholesome food to the needy ones.