Introducing ‘Lorenzo Fertitta’ MMA’s Most Powerful Executive
Introducing ‘Lorenzo Fertitta’ MMA’S Most Powerful Executive
Lorenzo Fertitta was Born January 3rd, 1969 (Capricorn Business Magnate) is an entrepreneur, master investor, business Executive, and philanthropist. He is chairman of Fertitta Capital, director of Red Rock Resorts Inc. and former CEO/Chairman of MMA’s Ultimate Fighting Championship.
Lorenzo and his older brother Frank Fertitta III were raised in Las Vegas, NV. Their powerful father Frank Fertitta Jr. relocated to Las Vegas from Texas in the 1960’s. His father rose up the ranks in the Casino Industry and eventually built his own Casino “Palace Station”.
Fertitta Jr.(Father) worked at Station Casinos, a developer and casino operator in the U.S, alongside his sons until retiring in 1993. Until his death in 2009, Fertitta Jr. remained active in other family business ventures, community service and philanthropic efforts.
Lorenzo graduated from a private Catholic Prep High School in Summerlin, Nevada in 1987. Then he went on to graduate from the University Of San Diego in 1991 earning a Business Administration Degree. Shortly after in 1993, he earned his MBA from the Stern School Of Business/New York University. Also, he was a member of Sigma Pi Fraternity.
Investing Into The “UFC Empire”
Lorenzo, along with his older brother Frank created Zuffa, LLC and bought the assets of UFC organization from Semarphore Entertainment for $2 Million. For bringing the deal to the table, they gave Dana White (Childhood Friend) a percentage of the company, and appointed him as President. While Lorenzo assumed the position as Chairman/CEO.
Dana White is the outgoing promoter and face of the company, while Lorenzo Fertitta operated the business from behind the scenes.
Together they grew UFC to one of the most powerful sports organizations in the world. Today, the sport operates in all 50 U.S. states. And is broadcast to more than 150 countries, attracting mainstream advertisers including Anheuser-Busch, Harley-Davidson, Burger King, Electronic Arts and the U.S. Army. They eventually sold Zuffa LLC (UFC) to an investment group led by WME/IMG for $4 billion in 2016.
After selling the UFC in 2016, and instantly becoming a billionaire, him and his brother are now focusing on their Casino’s and investment company Fertitta Capital. Lorenzo Fertitta lives in Las Vegas, Nevada and is married with 3 children. His net-worth as of 2017 is around $1.99 Billion USD
Original Bio Source: Lorenzo_Fertitta
Bonus Interview With “Graham Bensinger”