Phillip Ruffin Net Worth is$2.4 Billion
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Profession: Businessperson, Investor
Date of Birth: 1936
Phillip Ruffin net worth: Phillip "Phil" Ruffin is an American businessman with a net worth of $2.4 billion dollars which makes him one of the richest people in Nevada. Born in Wichita, Kansas, he completed high school, but subsequently dropped out of college in order to focus on his career. In the early 70s, he became the first to offer self-serve gas in Kansas, and his convenience store grew from one location to 60 stores spread out all over the Midwest. He used the profits from his convenience store chain to open a Marriot Hotel in Wichita. From there, he expanded into oil distribution and moving equipment. He is the current owner of Harper Trucks, the largest hand truck manufacturer in the world. After leasing his convenience stores to another company, he purchased additional hotels, and then the New Frontier Hotel and Casino. He has since added Treasure Island, the Trump International Tower, and various real estate developments to his already impressive portfolio.
Phillip G. Ruffin is an American businessman. His business interests lie largely in casinos, greyhound racing tracks, oil production, convenience stores, and real estate. Ruffin lives in Las Vegas, Nevada.
Ruffin has been listed on the Forbes 400 list of the country's richest people multiple times, most recently at #215 in 2008 with a net worth of $2.1 billion. In the 2006 list, he was listed at #606 on the Forbes Magazine list of the world's billionaires, with a reported net worth of $1.3 billion. (This figure was before his 2007 record-setting sale of the New Frontier Hotel and Casino on the Las Vegas Strip.)
Ruffin is from Wichita, Kansas and dropped out of college.
In 1972, Ruffin pioneered self-serve gasoline in Kansas, creating a chain of 60 convenience stores in the Midwest. In 1987, he then used cash from the convenience stores to build his first hotel, a Marriott in Wichita. His businesses also included oil distribution and one of the country's largest manufacturers of hand trucks.
In 1994, Ruffin leased his convenience stores to Total, using the money to purchase more hotels. Then, in 1995, Ruffin acquired the Crystal Place casino resort in the Bahamas. Mortgaging the casino, Ruffin then purchased the New Frontier Hotel and Casino.
Ruffin's reputation is one of shying away from press coverage and publicity, so many details of his life are not well cited. Ruffin has been married two times. On January 6, 2008 the then-72-year-old Ruffin married the then-26-year-old supermodel and Miss Ukraine 2004 title holder Oleksandra Nikolayenko. Ruffin has a total of 4 children.
Ruffin appeared on the 7th season of GSN's High Stakes Poker.
Ruffin is best known for his purchase of the New Frontier Hotel and Casino, one of the Strip's venerable properties. When he bought the resort from Margaret Elardi and her family, it had been mired in a longtime, sometimes violent strike with the Culinary Workers Union, one of the most powerful unions in Las Vegas

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Phillip Ruffin Latest News

Ruffin Blasts Obie On Casino Tax Claim

Philip Ruffin yesterday slammed the Minister of Tourism for publicly suggesting he and his companies still owe casino taxes to the Bahamas Government, urging him to “desist” from this position. The hotelier, who previously owned the Wyndham and Nassau ...
Posted: February 18, 2016, 11:35 am

Graduation: East Ascension High School

Also, Christian Ryan Decareaux, Jaxon Phillip Delcambre, Devin Michael Deranger ... Jailyn Rowe, Naomi Rubio, Kobe Ruffin, Ky'mon Tyrique Russell, Tyrone Russell, Austin Sal Russo, Leonardo Sagastume, Leydi M. Santamaria, Maritza Santiago, Darryan ...
Posted: May 16, 2018, 12:30 pm

Police Report: May 9-11, 2018

Lockport Police Department Phillip Goyne, 30, 316 Comeaux Drive ... Trey Ross, 25, 401 Marietta Place, Gray, simple assault, disturbing the peace, vagrancy. Sherman Ruffin, 20, 117 Carlos St., Houma, felony carrying illegal weapon by a convicted felon ...
Posted: May 11, 2018, 4:31 pm
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