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

Lorenzo Fertitta occupied this week by details of UFC 200, not rumored sale

For a man who has been reported on his way out of the company he built from a $2-million niche event to a $2-billion mainstream sporting entity in 15 years, Lorenzo Fertitta was highly engaged Tuesday in the daily activity of finalizing Saturday’s UFC 200.
Posted: July 6, 2016, 7:25 am

Report: Fertitta Brothers No Longer Own Any Part of UFC after Selling Remaining Stake

Lorenzo and Frank Fertitta are officially out of the mixed martial arts business. The Fertitta brothers, who last year sold off a majority stake in the UFC for more than $4 billion to a conglomerate led by powerhouse agency WME-IMG, have now gotten rid of ...
Posted: September 6, 2017, 5:00 pm

How the UFC Became a Multi-Billion Dollar Business

June 7 -- Lorenzo Fertitta is the CEO of the Ultimate Fighting Championship. Fertitta, his brother Frank and their friend Dana White bought the once failing brand for just $2 million and transformed it from "human cockfighting" into a multi-billion dollar ...
Posted: March 30, 2018, 5:00 am
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