Lorenzo Fertitta is a very famous entrepreneur in the United States. His hard work and success have made him the chairman of Fertitta Capital. He has previously served as the chief executive officer of UFC (Ultimate Fighting Championship). He is an investor and business builder and is also involved in philanthropy. To know more about the net worth of Lorenzo Fertitta in 2020, read the following article.
Early Life & Biography
Lorenzo Joseph Fertitta was born in 1969 in Las Vegas, Nevada. He is the son of Victoria and Frank Fertitta Jr. Lorenzo is not the only child of his parents and has got an older brother named Frank Fertitta III. His father was a dealer in the Stardust Casino.
He went to the private Catholic prep school called Bishop Gorman High School in Nevada’s Summerlin. Later, he went to the University of San Diego and earned his bachelor’s degree in Business Administration in 1991. In his college, he joined the Sigma Pi fraternity. But his zeal to have further studies, made him attend the New York University’s Stern School of Business and earned his MBA degree.
Lorenzo Fertitta has been dedicated to only one woman in his life. He has been successfully married to his wife Teresa for many years. There is no information about his past affairs or relationships. The couple is blessed with three children named Nicco, Lorenzo Jr., and Angelita Fertitta. Lorenzo is very much committed to philanthropic works. He has made donations worth millions of dollars and has established the MBA program called Fertitta Veterans Program. He also supports local charities.
Career, Award & Nominations
Lorenzo Fertitta has served in several positions of his family’s entertainment company and investment office called ‘Fertitta Enterprises’. In 1991, he was named as the vice president of the company. His hard work and business techniques made him became the president of the company in 1993, the post which he served till 2000. He was involved in real property and marketable securities.
He has worked with his father even when he was in school. He continued to work in Station Casinos when he was in college. When the company owned by his father filed for bankruptcy, Red Rock Resorts Inc. raised an IPO worth $531.4 million. Through this, Lorenzo became the Vice Chairman of Red Rock Resorts Inc. in 2017. In May of the same year, he launched a private investment firm called ‘Fertitta Capital’.
Lorenzo teamed up with his brother for the creation of Zuffa, LLC in 2001. The main motive of this was to acquire the UFC. He became the Chairman and CEO of UFC and Dana White was named as the organisation’s President. He remained with the UFC till August 2016, when it was taken over by WME-IMG. Following this, he stepped down from his post as Chief Executive Officer.
Net Worth & Earnings
What according to you will be the net worth of a man who has done so many endeavors in his career? He has been working since he was a child. He has founded companies and has held many important positions in several companies. He has got a net worth of $2.5 billion. He is the current vice chairman of Red Rock Resorts Inc. and is the director of Station Holdco LLC and Station Casino LLC. He has also previously served as the chairman of Nevada Resort Association and is the former CEO and president of Gordon Biersch Brewing Company.
Lorenzo Fertitta is a very influential person. He has amassed a good net worth for himself and his family and continues to expand his empire by venturing into several other businesses. He is one of the richest Americans in the world.