American industrialist, business engineer, stockholder, and philanthropist Lorenzo Fertitta is well-known. He is also the chairman of Fertitta Capital and the administrator of Red Rock Resorts Inc., the former CEO of the Ultimate Fighting Championship (UFC).
|Real Name/Full Name:
|Lorenzo Joseph Fertitta
|53 years old
|3 January 1969
|Las Vegas, Nevada, United States
|Teresa Fertitta (m. 1993)
|Yes (Nicco Fertitta, Angelita Fertitta, Lorenzo Fertitta)
|Business engineer, shareholder, industrialist, and a philanthropist
|Net Worth in 2023:
Lorenzo Fertitta Biography
Lorenzo Fertitta was born in Las Vegas, Nevada, in the United States. He completed his high school education in 1987 at Bishop Gorman High School in Summerlin, Nevada, a private Catholic preparatory school. He also earned a Bachelor of Business Administration from the University of San Diego in 1991, joining the fraternity Sigma Pi. He also completed his MBA at the Stern School of Business at New York University in 1993. Fertitta wed Teresa, and the two are parents to three children.
Lorenzo Fertitta’s Age, Height, Weight
Lorenzo Fertitta was born on 3 January 1969 and is 53 years old. He stands 1.82 meters tall and weighs 88 kilograms.
Lorenzo Fertitta and his brother Frank Fertitta succeeded in their father’s casino business. Since 1991, he has held various managerial positions with Fertitta Enterprises, the family-owned entertainment investment company. Over the course the years 1991 to 1993, he was its vice president. From then until 2000, he served as the company’s president and CEO.
In 2001, Fertitta and his brother Frank III decided to hire the Ultimate Fighting Championship’s officials for a brief period. With headquarters in Sao Paulo, Toronto, London, and Singapore, UFC has the largest pay-per-view audience in the world and is broadcast to up to one billion homes in thirty languages in 149 countries.
Fertitta continued to be a key investor and co-founder of Station Casinos Inc., where he made contributions as a board of directors member in 1991. He was then appointed its president in July 2000. In any case, he left to work for Zuffa, LLC Station’s Casinos after that.
The first actual online gaming website was launched by Fertitta and his brother in 2013. Still, they were forced to shut it down in 2014 owing to operational issues and a rigid, dogmatic environment.
The Fertitta Veterans Program was introduced by both of these brothers in 2016 at New York University Stern. It is a thorough MBA program to support U.S. military veterans switching to business school.
In 2017, Fertitta and his brother Frank III used their funds to found Fertitta Capital, a private investment firm. This business contributes significantly to media, entertainment, and technology. It also has a steady investment.
Recognition & Achievements
Throughout his career, Lorenzo Fertitta became affiliated with numerous different organizations. He continued to serve as the Nevada Resort Association’s former chairman. He has also previously served on the Nevada State Athletic Commission. In addition, he has previously been affiliated with the American Gaming Association. Additionally, he previously served on Nevada First Bank’s advisory board.
Lorenzo Fertitta’s Net Worth in 2023
Lorenzo Fertitta amassed an estimated net worth of $2.5 billion as of August 2023. He has been a prosperous businessman, casino executive, sports advertiser, and industrialist throughout his career, contributing to his enormous net worth. He oversaw operations at his father’s casinos, the foundation of his substantial financial wealth. He served as the company’s former president and CEO, which has benefited the Gordon Biersch Brewing Company. He continued to serve as Station Holdco LLC’s administrator as well.
Lorenzo Fertitta is a generous philanthropist who regularly contributes to charities in his hometown of Las Vegas, including Catholic Charities of Southern Nevada, Nathan Adelson Hospice, the Lou Ruvo Center for Brain Health, and Three Square, a group that focuses on providing nutritious food to the hungry.