Frank Fertitta, an American entrepreneur, is well-known for his Ultimate Fighting Championship (UFC) franchise, which is famous 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 |
| Gender: | Male |
| Age: | 60 years old |
| Birth Date: | 24 February 1962 |
| Birth Place: | Las Vegas, Nevada, United States |
| Nationality: | American |
| Height: | 1.82 m |
| Weight: | 88 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Jill Fertitta |
| Children: | Yes (Victoria Fertitta, Frank Fertitta IV, Kelley-Ann Fertitta) |
| Profession: | Entrepreneur |
| Net Worth in 2023: | $2.5 billion |
Frank Fertitta Biography
Frank Fertitta, an American citizen, was born on February 24, 1962, as Frank Joseph Fertitta III to casino magnate Frank Fertitta Jr. His father, a well-established and well-known man in his profession, taught him and his brother the tricks of the casino industry. Frank grew up in Las Vegas, Nevada, and attended Bishop Gorman High School. After that, he attended the University of Southern California, earning a BA/BS degree in 1984.
Frank Fertitta married Jill, with whom he has three children. The family is staying 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 2023. 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, went on to acquire and build 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 established Zuffa LLC, which acquired stakes in UFC from Semaphore Entertainment Group. Dana White, a school friend, assisted in the acquisition, 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 increase their profit. Spike TV aired its work, “The Ultimate Fighter,” in 2005 and did well for a long time. However, things took a turn for the worse in 2009, when Station Casinos declared bankruptcy, while UFC was estimated to cost $1 billion.
Station Casinos declared bankruptcy in 2011. In the same year, Fox Broadcasting signed a seven-year deal with Zuffa worth $700 million. Fertitta Entertainment was sold for $460 million in 2016, and the duo also received $113 million for the sale of Red Rock Resorts, a family-owned casino.
The brothers hinted at selling the majority stake in the UFC the same year. Lorenzo Fertitta, the CEO, and Chairman stepped down, and both brothers retained minority ownership following the sale to WME-IMG.
Frank Fertitta Achievement and Awards
Frank Fertitta has been involved in a variety of charitable and well-being endeavors. On October 18, 2012, the administration announced that Frank and his wife, Jill, had donated to the University of South California. The funds raised aided in the construction of the USC Marshall School of Business. The couple was honored to be the school’s Chair in Business.
Frank Fertitta’s Net Worth in 2023
Frank Fertitta’s net worth is estimated to be $2.5 billion as of November 2023. 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 for $4 billion in 2016.
Frank Fertitta continues to serve as an executive producer on UFC and Station Casinos’ CEO. We wish him the best of luck in his future endeavors!
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