Who is Tilman Fertitta and What You Need to Know About Him?
Tilman Fertitta is a prominent American businessman, entrepreneur, and investor. He is widely known for being the Chairman, CEO, and shareholder of Landry’s Restaurants, a renowned hospitality and entertainment company. Fertitta is also a member of the board of regents of the University of Houston System and has his own TV show called “Billion Dollar Buyer.” In this article, we will explore more about his life, businesses, and achievements.
Early Life and Career
Tilman Fertitta was born in Galveston, Texas, in June 1957. He attended Texas Tech University and the University of Houston, where he started his own firm focused on marketing and sales. After college, he ventured into development and construction before starting to build homes while selling Shaklee vitamins on the side.
Landry’s Restaurants
Fertitta’s big break came in 1986 when he joined Landry’s Restaurants as a real estate specialist. Within a few short months, he bought the entire Landry’s chain and began expanding it to include more entertainment. Today, the company has nearly a dozen restaurant chains and individual entities, including the iconic Bubba Gump Shrimp Company, which Fertitta acquired in 2010.
Other Businesses
Aside from Landry’s Restaurants, Fertitta has invested in various other businesses over the years. He owns the Saltgrass Steak House, a steakhouse chain with more than 50 restaurants that Landry’s bought for $75 million in 2002. He also owns the Rainforest Cafe, a chain with more than 20 restaurants, including two locations in Disney World.
Fertitta’s company now owns 56 restaurant brands and 421 locations, making him one of the most successful restaurateurs in the world. In addition, he is a minor partner in the Houston Texas NFL franchise, owns Houston’s Bentley and Rolls Royce dealership Post Oak Motor Cars, and owns the Post Oak Hotel in Uptown Houston. He also owns the Golden Nugget Casinos in Atlantic City.
Tilman Fertitta Net Worth
Forbes estimates Fertitta’s net worth at $8 billion, making him one of the wealthiest people in the world. He is known for his lavish lifestyle, owning a large mansion in Houston, Texas, and a $19.5 million condo in New York. Fertitta is also related to Frank Fertitta and Lorenzo Fertitta, both successful businessmen and yacht owners. Frank owns the yacht VIVA, while Lorenzo owns the yacht LONIAN>
Houston Rockets
In September 2017, Fertitta made headlines when he bought the Houston Rockets for $2.2 billion. The Houston Rockets are an American professional basketball team based in Houston, Texas, and compete in the National Basketball Association (NBA). Fertitta is a passionate sports fan and has invested heavily in the Houston Rockets, hoping to lead them to great success in the years to come.
In conclusion, Tilman Fertitta is a remarkable businessman and entrepreneur who has achieved incredible success through hard work, determination, and a keen eye for opportunities. He is a major player in the hospitality and entertainment industry, with a vast network of restaurants, hotels, and casinos. With his recent acquisition of the Houston Rockets, Fertitta’s influence and impact on the business world are only set to grow further.
Frequently Asked Questions
How much is Tilman Fertitta worth?
His net worth is $8 billion.
What does Tilman Fertitta own?
He owns the Landry’s restaurant chain, the Golden Nugget Casinos, The Houston Rockets, and a Bentley and Rolls Royce dealership.
Where does Tilman Fertita live?
He lives in a large mansion in Houston. In an interview, he mentioned owning 8 houses.
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