Who is Tilman Fertitta?
He is an American businessman and Chairman CEO and shareholder of Landry’s Restaurants. He is also a member of the board of regents of the University of Houston System. Fertitta has his own TV show called Billion Dollar Buyer. He was born in June 1957. He is married to Page, they have 4 children (Michael, Blake, Blayne, and Patrick)
Born in Galveston
Fertitta was born and raised in Galveston, Texas. And he still lives there with his wife Paige. He attended Texas Tech University and the University of Houston.
He showed an entrepreneurial streak even in college. When he started his own firm focused on marketing and sales. After college, he started with development and construction. From there he began building homes while selling Shaklee vitamins on the side.
He moved full-time into foodservice in 1986. He was working as a real estate specialist for Landry’s. It was only a few short months before he bought the Landry’s chain.
The CEO of Landry expanded the chain to include more entertainment. Now it has nearly a dozen restaurant chains and individual entities.
Bubba Gump Shrimp Company
He also owns the Bubba Gump Shrimp Company. Bubba Gump is an American seafood restaurant chain. It has 45 restaurants. The name is inspired by the film Forrest Gump. The company was acquired by Landry’s in 2010.
He also owns the Saltgrass Steak House. A steak house chain with more than 50 restaurants. Landry’s bought the chain in 2002 for US$ 75 million.
He owns the Rainforest Cafe. A chain with more than 20 restaurants. It has 2 locations in Disney World.
Companies He Owns
His company now owns 56 restaurant brands and 421 locations. He is a minor partner in the Houston Texans NFL franchise. He owns Houston’s Bentley and Rolls Royce dealership Post Oak Motor Cars. He also owns the Post Oak Hotel at Uptown Houston. And he is the owner of Golden Nugget Casinos in Atlantic City.
He owns a large mansion in Houston, Texas. In 2013 Fertitta bought a USD 19.5 million condo in New York.
Tilman Fertitta Net Worth
Forbes estimates his net worth at US$ 4 billion. See this Forbes article about him. He is the cousin of Frank Fertitta, CEO of Station Casinos. Frank is building a new superyacht in the Netherlands. In March 2014 he hosted a record-breaking San Luis Salute Mardy Gras Party. There were more than 1,600 guests.
Tilman’s other cousin Lorenzo Fertitta is the owner of the yacht Lonian.
In September 2017 is was announced that Fertitta bought the Houston Rockets for US$ 2.2 billion. The Houston Rockets are an American professional basketball team based in Houston, Texas. The team competes in the National Basketball Association (NBA).