Who is Lorenzo Fertitta?
Lorenzo Fertitta is chairman of Fertitta Capital and former CEO of the Ultimate Fighting Championship. He was born in January 1969. He is married to Teresa Fertitta, they have 3 children (Nicco, Angelita, Lorenzo).
His father Fertitta Jr. built The Casino, a 5,000-square-foot casino in Las Vegas. The company grew quickly under the brand name Station Casinos.
Lorenzo and his brother Frank led Station Casinos into an IPO raising US$ 300 million. Later they bought the company back after it filed for bankruptcy.
In 2015 the company was made public again in an IPO. The IPO was raising more than US$ 500 million. The company is now known as Red Rock Resorts.
Sold the Ultimate Fighting Championship
Lorenzo and his brother Frank Fertitta bought the assets of the UFC in 2001. The Fertitta brothers paid US$ 2 million. The Ultimate Fighting Championship is an American mixed-martial-arts promotion company. UFC is based in Las Vegas, Nevada. In 2016 Lorenzo and Frank sold the majority of the shares in Ultimate Fighting Championship for $4 billion. In 2021 they sold the remaining shares for $1.8 billion. They now act as private equity investors.
Lorenzo Fertitta Net Worth
His net worth is now estimated at $2.2 billion.
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