pacomartin
pacomartin
Joined: Jan 14, 2010
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September 23rd, 2010 at 6:35:17 PM permalink
I think the list was only 3 last year. A lot of returning names

Forbes 400
Rank Name Net Worth Age Residence Source
13 Sheldon Adelson $14.7B 77 Las Vegas, NV casinos, hotels
136 Nancy Walton Laurie $2.6B 59 Henderson, NV Walmart
182 Phillip Ruffin $2.0B 75 Las Vegas, NV casinos, real estate
205 Steve Wynn $1.9B 68 Las Vegas, NV casinos, hotels
332 Alfred Mann $1.2B 84 Las Vegas, NV medical devices
365 Frank Fertitta $1.1B 48 Las Vegas, NV casinos, Ultimate Fighting Championship
382 Elaine Wynn $1.05B 67 Las Vegas, NV hotels
385 Lorenzo Fertitta $1.0B 41 Las Vegas, NV casinos, Ultimate Fighting Championship
mkl654321
mkl654321
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September 23rd, 2010 at 6:49:51 PM permalink
Quote: pacomartin

I think the list was only 3 last year. A lot of returning names

Forbes 400
Rank Name Net Worth Age Residence Source
13 Sheldon Adelson $14.7B 77 Las Vegas, NV casinos, hotels
136 Nancy Walton Laurie $2.6B 59 Henderson, NV Walmart
182 Phillip Ruffin $2.0B 75 Las Vegas, NV casinos, real estate
205 Steve Wynn $1.9B 68 Las Vegas, NV casinos, hotels
332 Alfred Mann $1.2B 84 Las Vegas, NV medical devices
365 Frank Fertitta $1.1B 48 Las Vegas, NV casinos, Ultimate Fighting Championship
382 Elaine Wynn $1.05B 67 Las Vegas, NV hotels
385 Lorenzo Fertitta $1.0B 41 Las Vegas, NV casinos, Ultimate Fighting Championship



Yeah, but I'm sure they all lead miserable, unsatisfying lives. Plus, a billion dollars doesn't go as far as it used to.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
Wizard
Administrator
Wizard
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September 23rd, 2010 at 7:49:54 PM permalink
Quote: pacomartin


365 Frank Fertitta $1.1B 48 Las Vegas, NV casinos, Ultimate Fighting Championship
385 Lorenzo Fertitta $1.0B 41 Las Vegas, NV casinos, Ultimate Fighting Championship



I had no idea there was so much money in that.
It's not whether you win or lose; it's whether or not you had a good bet.
I808
I808
Joined: Feb 19, 2010
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September 23rd, 2010 at 9:13:57 PM permalink
Quote: Wizard

I had no idea there was so much money in that.



They don't pay their fighters well. I believe the top notch fighters only clear low to mid six figures per year if that at all. You can look at the payouts to the fighters on sherdog.com after the events. They get like $40K bonus for fight of the night, knockout of the night, submission of the night etc. Their base pay for the fight itself is sometimes less than the bonuses.
Like they say in the marijuana industry "Sometimes you gotta roll your own!" (At the craps table that is)
mkl654321
mkl654321
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September 23rd, 2010 at 9:46:26 PM permalink
Quote: Wizard

I had no idea there was so much money in that.



The guys who ran gladiatorial schools in ancient Rome also made out like bandits.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
Ericayne
Ericayne
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September 24th, 2010 at 9:17:09 AM permalink
What happen to Kirk Kerkorian (MGM Mirage)?? He couldn't have fallen off this list. He was worth 16B two years ago.
pacomartin
pacomartin
Joined: Jan 14, 2010
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September 24th, 2010 at 11:14:43 AM permalink
Quote: Ericayne

What happen to Kirk Kerkorian (MGM Mirage)?? He couldn't have fallen off this list. He was worth 16B two years ago.



Kirk Kerkorian (age 93) is a resident of Bevery Hills, CA even though he made a lot of money in Las Vegas.
His worth (along with MGM Resorts stock) is now a mere $2.9Billion ( Calculated August 2010 ). Forbes 400 rank is #119.

If the Wynns had remained married for the second time around, Steve Wynn would probably have just edged past Kirk.

SHORT STORIES
Nancy Walton Laurie has really never worked (even for Walmart). She still has the record price paid for a home in Nevada ($17 million). People have constructed homes for more money, but not paid out to someone else for a home.
Phillip Ruffin used to be a resident of Kansas
Alfred Mann used to be a resident of Los Angeles
Elaine Wynn never appeared on the list until her second divorce from Steve Wynn
Frank and Lorenzo Fertitta were on the list a few years ago and fell off when Station Casinos declared bankruptcy

William Boyd made the list (in about 2005) but has since fallen off.

I believe that only Sheldon, Nancy Laurie, and Steve Wynn were on the Fortune 400 last year.
thecesspit
thecesspit
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September 24th, 2010 at 1:59:28 PM permalink
Quote: I808

They don't pay their fighters well. I believe the top notch fighters only clear low to mid six figures per year if that at all. You can look at the payouts to the fighters on sherdog.com after the events. They get like $40K bonus for fight of the night, knockout of the night, submission of the night etc. Their base pay for the fight itself is sometimes less than the bonuses.



There's a word for people like that. Pimp.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
Ayecarumba
Ayecarumba
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September 24th, 2010 at 2:43:04 PM permalink
Quote: pacomartin

Forbes 400
Rank Name Net Worth Age Residence Source
365 Frank Fertitta $1.1B 48 Las Vegas, NV casinos, Ultimate Fighting Championship
385 Lorenzo Fertitta $1.0B 41 Las Vegas, NV casinos, Ultimate Fighting Championship




What's up with Lorenzo? He's slacking off....
Simplicity is the ultimate sophistication - Leonardo da Vinci
pacomartin
pacomartin
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September 26th, 2010 at 10:47:30 AM permalink
Quote: Ayecarumba

Quote: pacomartin

Forbes 400
Rank Name Net Worth Age Residence Source
365 Frank Fertitta $1.1B 48 Las Vegas, NV casinos, Ultimate Fighting Championship
385 Lorenzo Fertitta $1.0B 41 Las Vegas, NV casinos, Ultimate Fighting Championship




What's up with Lorenzo? He's slacking off....



On 05 March 2008 Forbes reported the two brothers as identically $1.3 billion apiece. As I understand it they changed responsibilities a little bit.

#897 Frank Fertitta III
#897 Lorenzo Fertitta

The descrption of the fortunes is identical.

Lorenzo
Father, Frank Fertitta Jr., got start as a dealer for Stardust Casino in Las Vegas. Saw need for casinos aimed at Sin City locals; opened 5,000-square-foot, 100-slot facility away from Strip simply dubbed The Casino 1976. Expanded to include sports book, restaurant, buffet, bingo hall, more gaming; renamed Bingo Palace. Public 1993.

With brother Frank Fertitta III and Colony Capital's Tom Barrack, took company private for $9 billion in cash and assumed debt last year. Purchased professional mixed martial arts league Ultimate Fighting Championship 2001; spent $40 million to improve operations, image. Mass appeal came in 2004 with reality TV show The Ultimate Fighter. Stages monthly pay-per-view events; each averages $30 million in revenue.

Frank
Father, Frank Fertitta Jr., got start as a dealer for Stardust Casino in Las Vegas. Saw need for casinos aimed at Sin City locals; opened 5,000-square-foot, 100-slot facility away from Strip simply dubbed The Casino 1976. Expanded to include sports book, restaurant, buffet, bingo hall, more gaming; renamed Bingo Palace. Public 1993; Frank III soon became chairman, chief executive.

With brother Lorenzo and Colony Capital's Tom Barrack, took company private for $9 billion in cash and assumed debt last year. Purchased professional mixed martial arts league Ultimate Fighting Championship 2001; spent $40 million to improve operations, image. Mass appeal came in 2004 with reality TV show The Ultimate Fighter. Stages monthly pay-per-view events; each averages $30 million in revenue.


The history of the family from when they came over from Palermo Sicily at the turn of the century is partly recounted in the Wikipedia article Sam Maceo . Tilman Fertita is from the same extended family (owns Golden Nugget and Rainforest Cafe among many other restaurant brands).


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