Kirk Kerkorian Net Worth
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Table of Contents
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $4.2 billion | N/A | June 6, 1917 | Fresno, California | Male | N/A | Businessman, Investor, Philanthropist | American |
What is Kirk Kerkorian’s Net Worth?
Kirk Kerkorian, an American businessman, investor, and philanthropist, had a net worth of $4.2 billion at the time of his death in 2015.
Highlights
– Rising from Great Depression poverty to become a multi-billionaire titan of industry.
– Known as one of the key figures in shaping Las Vegas as we know it today.
– Founder of Tracinda Corporation and president and CEO of Tracinda Corporation.
– Donated over $1 billion to causes in his ancestral Armenia through the Lincy Foundation.
Early Life
Kirk Kerkorian, born on June 6, 1917, in Fresno, California, was the son of Armenian parents who had fled the Armenian genocide. The family moved to Los Angeles after the depression of 1920-1921. Kerkorian dropped out of school in the eighth grade and became an amateur boxer before pursuing a career in aviation.
Career
Prior to World War II, Kerkorian learned to fly and joined the British Royal Air Force’s Ferry Command. After the war, he purchased a Cessna and worked as a general aviation pilot. Kerkorian made his first visit to Las Vegas in 1944, where he discovered his passion for gambling. In 1962, he bought 80 acres of land in Las Vegas, kickstarting his ventures in the city.
Kerkorian was instrumental in the development of Las Vegas, purchasing additional land and building iconic hotels such as Caesars Palace and the International Hotel. He bought MGM Studios in 1969 and opened the original MGM Grand Hotel and Casino in 1973. Kerkorian expanded his empire through acquisitions and investments in the auto industry.
Personal Life
Kerkorian was married four times and had three daughters. His final marriage, to Una Davis, lasted 57 days in 2014. Kerkorian passed away on June 16, 2015, in Beverly Hills, California.
Net Worth Over Time
Kirk Kerkorian’s net worth of $4.2 billion at the time of his death reflected his success in business ventures, particularly in Las Vegas and the auto industry.
Components of Net Worth
Kerkorian’s net worth consisted of various assets, including his ownership stakes in hotels, casinos, and film studios. His philanthropic activities, notably through the Lincy Foundation, also played a significant role in shaping his overall net worth.
