Kirk Kerkorian Net WorthReal Name: Kirk Kerkorian
Date of Birth: 06/06/1917
Place of Birth: Fresno, California
2017 Net Worth: $4 Billion
Profession: CEO of Tracinda Corporation
Kirk Kerkorian Biography
Kirkor “Kirk” Kerkorian was born in Fresno, California. He was a fairly skilled amateur boxer as a young teen and dropped out of school in the 8th grade to pursue a boxing career. With his older brother as his coach, he won the Pacific amateur welterweight championship under the name of Rifle Right Kerkorian.
Kerkorian learned to fly and was a fighter pilot who flew in World War II. He saved most of his earnings and spent $5,000 on a Cessna airplane. Working as a general aviation pilot enabled him to see much of the US. In 1944, Kerkorian first saw Las Vegas and fell in love. He started off as a gambler, but quit to save money and in 1947, he bought Trans International Airlines for $60,000. This small air-charter service flew gamblers directly from Los Angeles to Las Vegas. He sold this airline in 1968 for $104 million.
Buying 80 acres across from the Flamingo Hotel in Las Vegas in 1962 for $960,000, he found that he didn’t need to build; rather, he rented the land to a corporation which built Caesars Palace. He later sold the land to Caesars a mere 6 years later and pocketed $9 million. Kerkorian bought controlling stake in the MGM film studio, then opened the MGM Grand Hotel and Casino in 1973, later the MGM Grand in Reno in 1978.
Kerkorian has been married 3 times and is an avid tennis player. He is well-known for his love of expensive designer clothing, especially custom made clothing by Italian designers. However, this billionaire drives every day, low cost cars such as the Ford Taurus and Pontiac Firebird. Kerkorian has a mansion in Beverly Hills as well as an extensive estate in Las Vegas. He is the 4th richest person in Los Angeles and perhaps one of the most private, often giving millions to charities but refusing to have anything named in his honor. Kerkorian has a net worth of $4 billion and shows no signs of slowing down even at 96 years of age.