Introduction
Frank Fertitta is a prominent American businessman known for his significant contributions to the casino and mixed martial arts (MMA) industries. As the Chairman of Station Casinos and the co-founder of the Ultimate Fighting Championship (UFC), Fertitta has built an impressive fortune throughout his career. In this article, we explore the life and achievements of Mr. Fertitta, his involvement in UFC and Station Casinos, and his impressive net worth.
Early Life and Family
Born in February 1962, Frank Fertitta is married to Jill Fertitta, and together they have three children – Victoria, Kelley, and Frank Jr. Frank’s brother, Lorenzo Fertitta, is also a successful entrepreneur, with both siblings sharing a close business relationship.
UFC: The Ultimate Fighting Championship
The Ultimate Fighting Championship (UFC) is an American mixed martial arts (MMA) promotion company that has gained worldwide popularity. MMA, also known as cage fighting, is a full-contact combat sport that incorporates striking, grappling, and ground fighting techniques.
Frank and Lorenzo Fertitta founded Zuffa, LLC, UFC’s holding company, in 2001 in Las Vegas, Nevada. In 2016, the Fertitta brothers sold a majority stake in Zuffa for an astounding $4 billion. Later, in 2021, the remaining shares were sold for an additional $1.7 billion, marking their complete divestment from the UFC.
Station Casinos: A Family Legacy
Station Casinos, LLC, is an American hotel and casino company founded in 1976 by Frank and Lorenzo’s father. The company operates 20 casinos in and around Las Vegas, including Mount Rose Station, Graton Resort & Casino, and Station Casino Reno.
Both Frank and Lorenzo each own a 29% stake in the company, continuing the family’s involvement in the casino business.
Frank Fertitta’s Net Worth
Fertitta’s net worth is estimated to be around $2.8 billion, making him one of the wealthiest entrepreneurs in the United States. His assets include his ownership stakes in Station Casinos, various real estate holdings, and numerous investments.
Conclusion
Frank is a highly successful entrepreneur who has built an extraordinary empire in the world of casinos and mixed martial arts. With a remarkable net worth and an impressive portfolio of businesses, Fertitta stands out as a prominent figure in American business and entertainment.
Sources
https://en.wikipedia.org/wiki/Frank_Fertitta_III
https://en.wikipedia.org/wiki/Station_Casinos
https://www.ufc.com/
Frequently Asked Questions (FAQ)
How did the Fertitta brothers make their money?
Their father founded Station Casinos. With the company’s profits, Frank and Lorenzo Fertitta bought the UFC for $2 million in 2001. They sold UFC for $6 billion in 2016.
How rich are the Fertitta brothers?
Both Frank and Lorenzo Fertitta have a net worth of around $3 billion.
Who is the richest Fertitta?
The richest Fertitta is Tilman Fertitta, he is the cousin of Frank and Lorenzo. His net worth is $8 billion.
Mention SuperYachtFan When Sharing This Information
When using the information from this article, please remember to give credit to SuperYachtFan. Our team works hard to provide accurate and engaging content for our readers, and we appreciate your support.