Lorenzo Fertitta

Lorenzo Fertitta - Entrepreneurs, Life Achievements and Personal Life

Violet FieldHome › AmericanLorenzo FertittaJanuary 3, 1969166 views

0 based on 0 rates
Lorenzo Fertitta Biography Stories 

Lorenzo Fertitta's Personal Details

Lorenzo Fertitta is an American entrepreneur, investor, and philanthropist

InformationDetail
BirthdayJanuary 3, 1969
NationalityAmerican
FamousPhilanthropists, New York University, Business People, CEOs, Investors, Entrepreneurs
City/StateNevada
SpousesTeresa Fertitta (m. 1993)
SiblingsDelise Sartini, Frank Fertitta III
Known asLorenzo Joseph Fertitta
ChildrensLorenzo Fertitta
Universities
  • New York University
  • New York University Stern School of Business
  • University of San Diego
  • New York University
Notable Alumnis
  • New York University
Birth PlaceLas Vegas, Nevada, United States
Height169
GenderMale
Net Worth$2.2 billion
Sun SignCapricorn
Born inLas Vegas, Nevada, United States
Famous asEntrepreneur
Socials

// Famous Entrepreneurs

Kristina Sunshine Jung

Kristina Sunshine Jung

Kristina Sunshine Jung is an American entrepreneur and actor, better known as the daughter of drug-smuggler George Jung and his ex-wife, Mirtha Jung.

Brittany Matthews

Brittany Matthews

Brittany Matthews is an American fitness trainer. She is the girlfriend of professional NFL player, Patrick Mahomes II. Check out this biography to know about her birthday, childhood, family life, achievements and fun facts about her.

Kiana Kim

Kiana Kim

Kiana Kim is a well-known Korean model, actress, and entrepreneur. Check out this biography to know about her childhood, family life, achievements and fun facts about her life.

Lorenzo Fertitta's photo

Who is Lorenzo Fertitta?

Lorenzo Joseph Fertitta is an American entrepreneur, investor, philanthropist and the former CEO of the Ultimate Fighting Championship (UFC). Lorenzo and his brother took over the family business from their father, Frank Fertitta Jr. and built an empire from the foundations of Fertitta Enterprises. He, along with his brother Frank III, built the Station Casinos and led it to its first IPO, raising $294 million. He also expanded the franchise by building the Palace Station Hotel & Casino and the Red Rock Casino, Resort & Spa. Later Lorenzo and his brother set up Zuffa, LLC to purchase the rights of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion. The brothers ran the business until its sale in 2016 and Lorenzo served in the positions of Chairman and CEO of UFC until its sale. He, along with his brother, also set up the Fertitta Capital, a private investment firm in 2017. Apart from business and investment, Lorenzo has done many humanitarian works in his life. The Fertitta family has made numerous donations towards providing academic and sports facilities for underprivileged youth, both at the local and national level. Lorenzo has also been very active with his brother in various activities benefitting the veterans through their organization’s Fertitta Veterans Program.

// Famous Investors

Ashton Kutcher

Ashton Kutcher

Ashton Kutcher is an American actor, model and a producer. This biography profiles his childhood, life, acting career, achievements and timeline.

Bill Ackman

Bill Ackman

William Albert Ackman, better known as Bill Ackman, is an American hedge-fund manager, investor, and philanthropist. This biography profiles his childhood, family, personal life, career, etc.

Steve Eisman

Steve Eisman

Steve Eisman is an American businessman, money manager, and investor. Check out this biography to know about his childhood, family life, achievements and fun facts about him.

Childhood & Early Life

Lorenzo Joseph Fertitta was born in Las Vegas, Nevada, the United States on January 3, 1969. His father Frank Fertitta Jr. was an entrepreneur who started his life as a dealer and eventually moved up to management positions at the Tropicana, Sahara, and Circus casinos.

He was raised along with his brother and went to Bishop Gorman High School, a Catholic prep school in Summerlin, Nevada. Later in 1991, he earned his bachelor’s degree in Business Administration from the University of San Diego and in 1993 he completed his MBA from the Stern School of Business at New York University.

Career

From a young age, Lorenzo Fertitta and his brother Frank were active in their family business, Fertitta Enterprises, working alongside their father Frank Fertitta Jr. Lorenzo served in different executive roles and later became the vice president of the company in 1991. After serving for two years in this position, he took the role of the President and CEO in 1993 and worked with his brother to expand the business.

He and his brother also took over the responsibility of running the Station Casinos which Frank Fertitta Jr. used to run until his retirement in 1993. They led the company to its first IPO and raised $294 million; the duo became the principal shareholders and ran it successfully until it was taken private in 2007 in a management-led leveraged buyout.

Lorenzo and his brother set up Zuffa, LLC for the purpose of purchasing the assets of Ultimate Fighting Championship (UFC), a widely popular mixed martial arts promotion and live event provider. They acquired the assets from the parent company Semaphore Entertainment Group for $2 million. Lorenzo took the roles of Chairman and CEO of the company and brought in childhood friend Dana White as the President of the organization.

Fertitta brothers declared Station Casino bankrupt in February 2009 and filed for bankruptcy. However, the filling was challenged by a lawsuit. Responding to that lawsuit, in July 2009, Station Casinos filed for ‘Chapter 11’ bankruptcy and with a reinvestment of nearly $240 million, the company formed a new ownership structure which helped the Fertittas retain hold of the company’s full control.

Since then, the Station Casino has expanded its property to 21 casinos in three states, including properties like Red Rock Casino, Resort & Spa and Palace Station Hotel & Casino.

In April 2016, Red Rock Resorts Inc. raised $531.4 million in its IPO under the ticker symbol ‘RRR.’ Companies like J.P Morgan, BofA Merrill Lynch, and Goldman Sachs & Co served as underwriters for the offering. The Fertittas still own a big part of the company and Lorenzo serves as the Vice Chairman of the company.

Major Works

Lorenzo Fertitta and his brother Frank Fertitta III acquired the Ultimate Fighting Championship (UFC) from its parent company Semaphore Entertainment Group for $2 million. While Lorenzo served as the Chairman and CEO of UFC, he brought in his childhood friend Dana White to run the show as the President of UFC.

He worked hard to set up a unified rule for MMA competitions all over the country and now the show operates in all 50 U.S. states and is broadcast in more than 150 countries. His business model took the sport to new heights and he was able to attract more investment and bigger sponsorships from brands like Harley-Davidson, Electronic Arts, Burger King, and Anheuser-Busch.

In 2005, UFC signed a deal with Viacom Inc.’s Spike cable channel for broadcasting and it ended in 2011. Later the same year Fox Broadcasting Company signed a deal with UFC for $813 million, buying the television rights for seven years.

In 2016, the Fertittas sold the rights to UFC to WME-IMG, an eminent sports and entertainment talent representation firm, for an undisclosed fee.

Personal Life

Lorenzo Fertitta is married to Teresa and together they have three children.

Apart from building the Fertitta business empire, Fertitta has been very active with various humanitarian works. He has contributed towards the education and sports fields and has raised funds for the betterment of the underprivileged.

He has also worked for the veterans and has contributed to various organizations that support the families of veterans who lost their lives or were severely wounded in the line of duty including the ‘Lone Survivor Foundation’, the ‘Fisher House’ and the ‘Intrepid Fallen Heroes Fund’.

Trivia

He was ranked at #388 in Forbes 400 list in 2017.

His company Station Casino filed for bankruptcy in 2009 with a rumored $5.7 billion of debt.

Lorenzo’s son Nicco Fertitta plays for the University of Notre Dame football team.

He is the former chairman of Nevada Resort Association and Red Rock Resorts, Inc.

He has served as the Board Member of the American Gaming Association and as the Advisory Board Member of Nevada First Bank.

He is the Director of Station Casinos LLC and has served as the President and Chief Executive Officer of Gordon Biersch Brewing Company.

// Famous Business People

Kristina Sunshine Jung

Kristina Sunshine Jung

Kristina Sunshine Jung is an American entrepreneur and actor, better known as the daughter of drug-smuggler George Jung and his ex-wife, Mirtha Jung.

Guccio Gucci

Guccio Gucci

Guccio Gucci was a famous fashion designer from Florence, Italy, and the founder of the world-renowned fashion brand ‘Gucci.’ Check out this biography to know about his childhood, family, personal life, career, etc.

Jawed Karim

Jawed Karim

Jawed Karim is a German-American internet entrepreneur, technologist and co-founder of the video-sharing website, YouTube. Check out this biography to know about his childhood, family, personal life, achievements, age, etc.

Lorenzo Fertitta biography timelines

  • // 3rd Jan 1969
    Lorenzo Joseph Fertitta was born in Las Vegas, Nevada, the United States on January 3, 1969. His father Frank Fertitta Jr. was an entrepreneur who started his life as a dealer and eventually moved up to management positions at the Tropicana, Sahara, and Circus casinos.
  • // 1991 To 1993
    He was raised along with his brother and went to Bishop Gorman High School, a Catholic prep school in Summerlin, Nevada. Later in 1991, he earned his bachelor’s degree in Business Administration from the University of San Diego and in 1993 he completed his MBA from the Stern School of Business at New York University.
  • // 1991 To 1993
    From a young age, Lorenzo Fertitta and his brother Frank were active in their family business, Fertitta Enterprises, working alongside their father Frank Fertitta Jr. Lorenzo served in different executive roles and later became the vice president of the company in 1991. After serving for two years in this position, he took the role of the President and CEO in 1993 and worked with his brother to expand the business.
  • // 1993 To 2007
    He and his brother also took over the responsibility of running the Station Casinos which Frank Fertitta Jr. used to run until his retirement in 1993. They led the company to its first IPO and raised $294 million; the duo became the principal shareholders and ran it successfully until it was taken private in 2007 in a management-led leveraged buyout.
  • // 2005 To 2011
    In 2005, UFC signed a deal with Viacom Inc.’s Spike cable channel for broadcasting and it ended in 2011. Later the same year Fox Broadcasting Company signed a deal with UFC for $813 million, buying the television rights for seven years.
  • // 2009
    His company Station Casino filed for bankruptcy in 2009 with a rumored $5.7 billion of debt.
  • // Jul 2009
    Fertitta brothers declared Station Casino bankrupt in February 2009 and filed for bankruptcy. However, the filling was challenged by a lawsuit. Responding to that lawsuit, in July 2009, Station Casinos filed for ‘Chapter 11’ bankruptcy and with a reinvestment of nearly $240 million, the company formed a new ownership structure which helped the Fertittas retain hold of the company’s full control.
  • // 2016
    In 2016, the Fertittas sold the rights to UFC to WME-IMG, an eminent sports and entertainment talent representation firm, for an undisclosed fee.
  • // Apr 2016
    In April 2016, Red Rock Resorts Inc. raised $531.4 million in its IPO under the ticker symbol ‘RRR.’ Companies like J.P Morgan, BofA Merrill Lynch, and Goldman Sachs & Co served as underwriters for the offering. The Fertittas still own a big part of the company and Lorenzo serves as the Vice Chairman of the company.
  • // 2017
    He was ranked at #388 in Forbes 400 list in 2017.

// Famous New York University

Sean Hannity

Sean Hannity

Sean Hannity is a television host and political commentator best known for the talk show ‘The Sean Hannity Show’. This biography of Sean Hannity provides detailed information about his childhood, life, achievements, works & timeline.

Thomas Girardi

Thomas Girardi

Thomas Girardi is an American attorney who co-founded the law firm, Girardi & Keese. Check out this biography to know about his childhood, family life, achievements and fun facts about him.

Morgan Freeman

Morgan Freeman

Morgan Freeman is an Academy Award winning actor known for his work in movies like ‘Street Smart’, ‘Driving Miss Daisy’ and ‘Million Dollar Baby’. This biography provides detailed information about his childhood, life, achievements, works & timeline.

Marin Hinkle

Marin Hinkle

Marin Hinkle is an actress known for her role in the sitcom ‘Two and a Half Men.’ Check out this biography to know about her childhood, family life, achievements and fun facts about her.

Jack Lord

Jack Lord

Jack Lord is an American artist, actor and philanthropist famous for his role in ‘Hawaii Five-O’ as Detective Steve McGarrett. Go through this biography to learn more about his profile, childhood, life, and timeline

Lucy Liu

Lucy Liu

Lucy Alexis Liu is an American actress, model and an occasional film producer. This biography profiles her childhood, early life, career, major works, awards, achievements, personal life, legacy and timeline.

Lorenzo Fertitta's FAQ

  • What is Lorenzo Fertitta birthday?

    Lorenzo Fertitta was born at 1969-01-03

  • Where is Lorenzo Fertitta's birth place?

    Lorenzo Fertitta was born in Las Vegas, Nevada, United States

  • What is Lorenzo Fertitta nationalities?

    Lorenzo Fertitta's nationalities is American

  • Who is Lorenzo Fertitta spouses?

    Lorenzo Fertitta's spouses is Teresa Fertitta (m. 1993)

  • Who is Lorenzo Fertitta siblings?

    Lorenzo Fertitta's siblings is Delise Sartini, Frank Fertitta III

  • Who is Lorenzo Fertitta childrens?

    Lorenzo Fertitta's childrens is Lorenzo Fertitta

  • What was Lorenzo Fertitta universities?

    Lorenzo Fertitta studied at New York University, New York University Stern School of Business, University of San Diego, New York University

  • What was Lorenzo Fertitta notable alumnis?

    Lorenzo Fertitta's notable alumnis is New York University

  • How tall is Lorenzo Fertitta?

    Lorenzo Fertitta's height is 169

  • What is Lorenzo Fertitta's sun sign?

    Lorenzo Fertitta is Capricorn

  • How famous is Lorenzo Fertitta?

    Lorenzo Fertitta is famouse as Entrepreneur

  • What is Lorenzo Fertitta's twitter?

    Lorenzo Fertitta's twitter is https://twitter.com/lorenzofertitta