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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The Ruffin Hotel Group is owned by Phillip Ruffin, a Wichita, Kan., investor. Carnival, based in Miami, owns Carnival Cruise Lines, the world's largest cruise line based on number of passengers carried, as well as Holland America Line and Windstar Cruises.
Posted: May 24, 1994, 5:00 pm

Old friends Philip Montgomery, Ruffin McNeill meet Saturday

Upon crossing paths at the American Athletic Conference’s Media Days in Rhode Island in August, University of Tulsa coach Philip Montgomery and East Carolina coach Ruffin McNeill greeted each other as if they were old friends. That’s because they are ...
Posted: October 13, 2015, 5:28 pm

5 Nevadans on Forbes list of the nation’s richest

His former wife, Elaine, is worth $2.4 billion and sits at No. 261. The last gaming figure on the list is Phillip Ruffin, a real estate guru who started his career selling hamburgers, according to Forbes. He bought Treasure Island for $755 million in 2009.
Posted: September 30, 2014, 1:14 pm
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