Frank Joseph Fertitta III’s net worth stands at $1.98 Billion

Frank Joseph Fertitta III Wiki Biography

Frank Joseph Fertitta III, born on February 24, 1962, in Las Vegas, Nevada USA, is an entrepreneur, and the current CEO of Station Casinos, co-owner of Fertitta Entertainment, and the owner of Zuffa LLC, the company that runs the mixed martial arts Ultimate Fighting Championship.

Ever wondered how much wealth this talented businessman has amassed? According to sources, Frank Fertitta III’s net worth, as of mid-2016, is estimated to be an impressive $1.98 billion, including residences in Las Vegas and Laguna Beach in California, as well as a collection of post-war and contemporary art. His wealth has been acquired mostly through his casino business and ownership of the UFC.

Frank Fertitta’s Net Worth: $1.98 Billion

Frank was raised in Las Vegas alongside his brother and later business partner, Lorenzo, in a family of Sicilian Americans. His father, Frank Fertitta Jr., was the founder and owner of the gaming company Station Casinos, laying the foundation for Frank’s successful business endeavours. He attended Bishop Gorman High School and later graduated from the University of Southern California in 1984 with a double Bachelor of Arts and Science degree.

After graduation, Frank Fertitta III became an Officer and General Manager of Stations Casinos in 1985. Just a year later, he transitioned to the positions of Director, Executive Vice-President, and Chief Operating Officer, where he remained for the next three years. Between 1989 and 2000, Frank Fertitta III served as the president of the company. Since 1992, alongside his brother Lorenzo, he has been the Chief Executive Officer of Station Casinos. These accomplishments have contributed significantly to his overall net worth.

In 2001, Frank and his brother Lorenzo, alongside their childhood friend Dana White, acquired the declining fight club, mixed martial arts league – Ultimate Fighting Championship. This led to the founding of Zuffa LLC, the entity that now runs the league. With his business acumen, Frank Fertitta III expanded the enterprise rapidly, acquiring the World Extreme Cagefighting and Pride Fighting Championships in just a few years. The growing popularity of fighting has dramatically increased Frank Fertitta III’s overall net worth.

In 2011, Frank led Zuffa LLC in the acquisition of the rival MMA organization, Strike Force LLC. The same year, the company secured an 8-year deal with Fox Broadcasting Company, valued at $90 million annually. These achievements undoubtedly had a significant positive impact on Frank Fertitta III’s net worth.

Over the years, Frank Fertitta III’s leadership has transformed the UFC from one of the worst in the USA to a highly successful international sports enterprise and one of the most profitable businesses worldwide, with annual sales of $500 million. The UFC currently has offices in Toronto, Singapore, São Paulo, and London, with 442 fighters from 38 countries and broadcasting in 149 countries to almost 1 billion viewers. Undoubtedly, it has been the primary source of Frank Fertitta III’s net worth.

Despite inheriting millions from his father’s business, Frank Fertitta III has significantly increased his inheritance. Alongside his brother, Lorenzo Fertitta, he is one of the leading investors in Meadows Bank and co-owner of the hotel management company, Fertitta Entertainment.

On the personal front, Frank Fertitta III is married to Jill, with whom he has 3 children, and they currently reside in Las Vegas, Nevada.

In 2012, Frank and his wife made a significant donation to the University of Southern California, funding the construction of the USC Marshall School of Business and establishing the Jill and Frank Fertitta Endowed Chair in Business.

Apart from his professional business career, Frank Fertitta III is an avid art collector with a focus on American Pop and Abstract Expressionism. His collection includes works by artists such as Christopher Wool, Richard Prince, Damien Hirst, and Brice Marden, as well as William Bouguereau’s “Morning Breakfast” from 1887.

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