Frank Fertitta, an American entrepreneur, is known for his Ultimate Fighting Championship (UFC) franchise, which is known worldwide. He and his brother, Lorenzo Fertitta, jointly owned the UFC until they decided to sell it in 2016.
Quick Facts
| celebrated name: | Frank Fertitta |
|---|---|
| Real name/Full name: | Frank Joseph Fertitta III |
| Sex: | Male |
| Age: | 60 years old |
| Date of birth: | February 24, 1962 |
| Birthplace: | Las Vegas, Nevada, United States |
| Nationality: | American |
| Height: | 1.82 m |
| Weight: | 88 kg |
| Sexual orientation: | Straight ahead |
| Marital status: | Married |
| Wife/husband (name): | Jill Fertitta |
| Children: | Yes (Victoria Fertitta, Frank Fertitta IV, Kelley-Ann Fertitta) |
| Profession: | Entrepreneur |
| Net worth in 2022: | $2.5 billion |
Frank Fertitta Biography
Frank Fertitta, an American citizen, was born Frank Joseph Fertitta III on February 24, 1962 to casino mogul Frank Fertitta Jr. His father, an established and well-known man in his profession, taught him and his brother the ropes 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, where he received a BA/BS degree in 1984.
Frank Fertitta married 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 field, dealing with casinos, sports and hotels.
Frank Fertitta Age, height, weight
Frank Fertitta was born on February 24, 1962; He is 60 years old as of 2022. His height is 1.82 meters and his weight is 88 kilograms.
Career
Career Frank Fertitta Jr. founded the Casino in 1976, and when he stepped down in 1993, it fell to Frank Fertitta to manage it. The two brothers, Lorenzo and Frank Fertitta, bought and built many new casinos under the Station Casinos brand. During this time, Frank was the chairman and CEO of Station Casinos.
In addition, in 2001, the two brothers founded Zuffa LLC, which acquired UFC interests from Semaphore Entertainment Group. Dana White, a school friend, helped with the takeover, and when the brothers owned 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 boost their profits. Spike TV aired his work “The Ultimate Fighter” in 2005 and did well for a long time. Things took a turn for the worse in 2009, however, when Station Casinos went bankrupt, with UFC costing an estimated $1 billion.
Station Casinos was declared bankrupt in 2011. In the same year, Fox Broadcasting signed a seven-year deal with Zuffa worth $700 million. Fertitta Entertainment was sold in 2016 for $460 million, and the duo also received $113 million for the sale of Red Rock Resorts, a family-owned company.
The brothers hinted that they would sell the majority stake in the UFC the same year. Lorenzo Fertitta, the CEO and chairman, stepped down and both brothers retained the minority stake after the sale to WME-IMG.
Frank Fertitta Achievement and Awards
Frank Fertitta has been involved in several charitable and welfare efforts. On October 18, 2012, the administration announced that Frank and his wife, Jill, had donated to the University of Southern California. The money raised helped build the USC Marshall School of Business. The couple was honored to be the school’s Chair in Business.
Frank Fertitta’s Net Worth in 2022
Frank Fertitta’s net worth is estimated at $2.5 billion as of July 2022. He is the CEO of Station Casinos. Frank Fertitta also owns Zuffa LLC, which previously owned UFC. Frank Fertitta and his brother Lorenzo bought a stake in UFC for $2 million in 2001, but sold it to WME-IMG in 2016 for $4 billion.
Frank Fertitta continues to serve as an executive producer at the CEO of UFC and Station Casinos. We wish him every success in his future endeavors!
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