THE MONEY: With brother Lorenzo Fertitta, bought mixed martial arts promoter UFC, which was near bankruptcy, for $2M in 2001; cashed out in 2017 when UFC had a $5B valuation, each brother reported to have 40.5% stake in the business. Took family’s casino business, Red Rock Resorts, public in 2016; the brothers own Las Vegas’ Station Casinos now valued at about $1.3B. Cousin Tilman Fertitta bought Laguna Beach’s Montage resort in 2022 for $650M. Tilman also owns Houston Rockets and Mastro’s.
STOCK: As of mid-July, shares of Red Rock Resorts are down 8% year over year with a market cap of $5.6B. Last August, the CEO bought $5.3M worth of stock.
WEEKEND WEALTHY: Bought a beachfront home in Emerald Bay community of Laguna Beach in 2009 for $28M. Family has other nearby properties and was reported to have paid $43.5M in 2022 for a newly rebuilt home in the same community along the water. That deal is among the top 10 most expensive sales in OC history at the time.
SUPERYACHTS: Frank Fertitta III and Lorenzo are each reported to own superyachts valued at more than $125M, along with “planes and major pieces of contemporary art,” noted a 2019 report from CNBC. Frank got a new and improved vessel dubbed Viva, valued between $175M and $250M, according to various reports. It is reportedly the 85th largest superyacht in the world and sports a tail number of N702FF, believed to represent Fertitta’s initials. In 2024, he sold it to U.S. hedge fund billionaire Ken Griffin, according to the website The Billionaires Club.
