Lorenzo Fertitta Net Worth is$1 Billion
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Date of Birth: 1969
Country: United States of America
Lorenzo Fertitta is an American businessman, casino executive, sports promoter and entrepreneur with a net worth of $1 billion. Lorenzo Fertitta has built his net worth from various executive positions within Fertitta Enterprises and principal shareholder and a co-founder of Station Casinos Inc. In 2001 he purchased the Ultimate Fighting Championship. He currently resides in Las Vegas with his wife Teresa and three children.
Lorenzo Joseph Fertitta is an American businessman, casino executive, sports promoter and entrepreneur. Fertitta resides in Las Vegas with his wife Teresa and three children.
Fertitta obtained a Bachelor of Business Administration from the University of San Diego in 1991 and a MBA from the Stern School of Business at New York University in 1993.
Since 1993, Fertitta has occupied various executive positions within Fertitta Enterprises. From 1991 to 1993, Fertitta served as vice president, before becoming president and chief executive officer, from June 1993 to July 2000, where he was responsible for managing an investment portfolio consisting of marketable securities and real property.
Fertitta is a principal shareholder and a co-founder of Station Casinos Inc. He served as a member on the board of directors from 1991 until gaining the position of Station's president in July 2000. On June 19, 2008, Fertitta stepped down as president to work full-time for Zuffa, LLC.
On February 2, 2009, Station Casinos announced its plans to file for bankruptcy by April 15. Station's filing came in response to a lawsuit filed by an individual bondholder challenging the gaming company's debt swap and prepackaged bankruptcy proposal. In July 2009, Station Casino's filed for Chapter 11 bankruptcy, however the Fertitta family is expected to make additional investments to maintain its ownership.
In 2001 he was contacted by his childhood friend Dana White about purchasing the Ultimate Fighting Championship. He quickly took the opportunity, making the purchase a month later. Zuffa was immediately co-founded with brother Frank Fertitta III to establish an entity to manage the assets of the newly acquired Mixed Martial Arts promotion organization. Thereafter, White became president of company, and received 10 percent of the company's shares. In March 2007, Zuffa acquired the World Extreme Cagefighting (UFC's sister promotion), and Pride Fighting Championships. The UFC recently

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Lorenzo Fertitta Latest News

Fans Threaten To Boycott UFC 206 In Backlash Over GSP

‘Rush’ then showed up half way through the conference before discussions with White and Lorenzo Fertitta ensued. That was the last we’d see of ‘GSP’ during a UFC broadcast. Teasing a comeback frequently during his hiatus, it seemed 2016 would ...
Posted: October 24, 2016, 6:07 am

Georges St-Pierre says he is a free agent and no longer under UFC contract

My lawyer terminated the contract with the UFC." According to St-Pierre, his team was in negotiations with former UFC owner Lorenzo Fertitta as far back as February to book a fight but they never came to an agreement on a specific number that was ...
Posted: October 17, 2016, 1:35 am

France upholds cage ban; IMMAF member promises legal challenge

In 2013, the ministry upheld a ban on using a cage for combat sports events, bolstering opposition from the women’s sports federation, after now-former UFC Chairman Lorenzo Fertitta promised to make inroads in the country. Bertrand Amoussou, who heads ...
Posted: October 26, 2016, 2:46 pm
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