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American entrepreneur
Lorenzo Joseph Fertitta is an American billionaire businessman and philanthropist. He is chairman of Fertitta Capital, director of Red Rock Resorts Inc, and former CEO of the Ultimate Fighting Championship.
Feadship (hull 700)74 m · 243 ft · 2018 · Cayman Islands
Astilleros Armon66.2 m · 217 ft · 2019 · Cayman Islands
Lorenzo and his older brother Frank Fertitta III were raised in Las Vegas, Nevada, after their father, Frank Fertitta Jr., moved there from Texas with his wife Victoria (née Broussard) in 1960. Fertitta Jr. became a dealer at the Stardust Casino before graduating to management positions at the Tropicana, Sahara and Circus Circus casinos. In 1976, after observing that no casinos effectively catered to the city's residents, Fertitta Jr. built The Casino, a 5,000-square-foot establishment on Sahara Blvd. The Casino would be renamed Bingo Palace before it eventually became Palace Station. Fertitta Jr. 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, with Las Vegas mayor Oscar Goodman referring to Fertitta Jr. as "one of the most successful business persons in the history of Las Vegas." Fertitta graduated from Bishop Gorman High School, a private Catholic prep school in Las Vegas, Nevada, in 1987. He earned a Bachelor of Business Administration from the University of San Diego in 1991 where he was a member of Sigma Pi fraternity. He earned an MBA from the Stern School of Business at New York University in 1993.
Fertitta's philanthropic efforts include supporting his high school alma mater, Bishop Gorman, as well as the University of Nevada, Las Vegas (UNLV). In September 2016, the Fertitta family made a $10 million donation to UNLV to fund a 73,000-square-foot football facility that will be named The Fertitta Football Complex. Fertitta is a supporter of veterans and active duty students, having made contributions to the Lone Survivor Foundation, the Fisher House and the Intrepid Fallen Heroes Fund, which provide support for the families of military personnel lost or severely wounded in service to the United States. On November 11, 2016, Lorenzo and Frank III established the Fertitta Veterans Program at New York University Stern, a full-time MBA program designed to support U.S. military veterans' transition to business school. As part of the program, 20 full-time MBA military students receive scholarship support and participate in a six-week, six-credit summer term that facilitates their transition to the academic and professional communities. In addition, Fertitta supports local Las Vegas charities including the Nathan Adelson Hospice, Catholic Charities of Southern Nevada, the Lou Ruvo Center for Brain Health and Three Square, a charity focused on providing wholesome food to those in need.
Fertitta resides in Las Vegas, Nevada, with his wife Teresa and three children. Fertitta owns the 87 meter yacht Lonian and the associated 66 meter support vessel Hodor.
Biographical detail compiled from Wikipedia and Wikidata, which are edited openly and may be incomplete or out of date. Fleet data is our own. Source →
