Frank Fertitta, an American entrepreneur, is known for his Ultimate Fighting Championship (UFC) franchise, which is known throughout the world. He and his brother, Lorenzo Fertitta, owned the UFC until they decided to sell it in 2016.
Fast facts
| Famous name: | Frank Fertitta |
|---|---|
| Real name/Full name: | Frank Joseph Fertitta III |
| Sex: | Male |
| Age: | 60 years old |
| Date of birth: | February 24, 1962 |
| Birth place: | Las Vegas, Nevada, United States |
| Nationality: | American |
| Height: | 1.82 m |
| Weight: | 88 kg |
| Sexual orientation: | Straight |
| Marriage status: | Married |
| Wife/spouse (name): | Jill Fertitta |
| children: | Yes (Victoria Fertitta, Frank Fertitta IV, Kelley-Ann Fertitta) |
| Profession: | Entrepreneur |
| Net worth in 2023: | 2.5 billion dollars |
Biography of Frank Fertitta
Frank Fertitta, an American citizen, was born on February 24, 1962 as Frank Joseph Fertitta III to casino magnate Frank Fertitta Jr. His father, an established and well-known man in his profession, taught him and his brother the tricks of the casino industry. Frank grew up in Las Vegas, Nevada and attended Bishop Gorman High School. He then attended the University of Southern California, earning a BA/BS degree in 1984.
Frank Fertitta is married to Jill with whom he has three children. The family resides in Las Vegas, Nevada. Lorenzo Fertitta, Frank Fertitta’s brother, is also an executive in the same area, dealing with casinos, sports and hotels.
Frank Fertitta Age, Height, Weight
Frank Fertitta was born on February 24, 1962; As of 2023, he is 60 years old, 1.82 meters tall, and weighs 88 kilograms.
Frank Fertitta
Career
Career of Frank Fertitta Jr. he founded Casino in 1976, and when he stepped down in 1993, it fell to Frank Fertitta to manage it. Two brothers, Lorenzo and Frank Fertitta, bought and built many new casinos under the Station Casinos brand. During this time, Frank was the President and CEO of Station Casino.
In addition, in 2001, the two brothers founded Zuffa LLC, which purchased a stake in the UFC from Semaphore Entertainment Group. Dana White, a school friend, helped with the acquisition, and when the brothers became owners of the UFC, Dana was given the position of president and a 10% stake in the company.
After losing $30 million in the UFC, the Zuffa brothers decided to invest in a TV series in 2004 to increase their profits. Spike TV aired its creation, “The Ultimate Fighter,” in 2005 and it did well for a long time. However, things took a turn for the worse in 2009, when Station Casino declared bankruptcy while the UFC was valued at $1 billion.
Station Casinos declared bankruptcy in 2011. That same year, Fox Broadcasting signed a seven-year, $700 million deal with Zuffa. Fertitta Entertainment was sold for $460 million in 2016, and the duo also received $113 million for the sale of Red Rock Resorts, a family-owned casino.
In the same year, the brothers announced the sale of a majority stake in the UFC. Lorenzo Fertitta, CEO and chairman resigned, and both brothers retained minority ownership following the sale to WME-IMG.
Achievements and awards of Frank Fertitta
Frank Fertitta has been involved in various charitable activities and welfare ventures. On October 18, 2012, the board announced that Frank and his wife, Jill, had donated to the University of Southern California. The funds raised helped build the USC Marshall School of Business. The couple was honored to be the school’s chair of business.
Frank Fertitta Net Worth in 2023
Frank Fertitta’s net worth is estimated to be $2.5 billion as of October 2023. He is the CEO of Station Casino. Frank Fertitta also owns Zuffa LLC, which formerly owned the UFC. Frank Fertitta and his brother Lorenzo bought a stake in the UFC for $2 million in 2001, but sold it to WME-IMG for $4 billion in 2016.
Frank Fertitta continues to serve as executive producer of the UFC and CEO of Station Casino. We wish him the best of luck in his future endeavors!
Categories: Biography
Source: HIS Education