Laguna Beach’s Reach

FRANK FERTITTA III
CEO
Red Rock Resorts Inc.

THE MONEY: With brother Lorenzo, bought mixed martial arts promoter UFC for $2 million in 2001; cashed out in 2017 when UFC had a $5 billion valuation; each brother reported to have 40.5% stake in business. Took family’s casino business, Red Rock Resorts, public in 2016; the brothers own Las Vegas’ Station Casinos now valued at about $1.3 billion. Cousin Tilman Fertitta owns the Houston Rockets and restaurant firm Landry’s, whose portfolio includes several OC properties.

WINNING HAND: Value of Red Rock Resorts up nearly 250% year-over-year, to valuation of $4.6 billion. Family has a significant stake in company and controls all voting matters.

WEEKEND WEALTHY: Bought a beachfront home in Emerald Bay community of Laguna Beach in 2009 for reported $28 million.

NOTABLE INVESTMENTS: Frank and Lorenzo are reported to own superyachts valued in excess of $125 million, along with “planes and major pieces of contemporary art,” notes a 2019 report from CNBC.

WEEKEND WEALTHY
+41%
• NET WORTH: $2.4 billion (Forbes)
• LAST YEAR: $1.7 billion
• AGE: 59
• SOURCE OF WEALTH: UFC, casinos