Billionaire Las Vegas mogul Kirk Kerkorian dies in Los Angeles

[mahatmakanejeeves]

Source: Las Vegas Review-Journal

Posted June 16, 2015 - 7:35am
Updated June 16, 2015 - 8:06am

By HOWARD STUTZ
LAS VEGAS REVIEW-JOURNAL

Billionaire financier Kirk Kerkorian, one of the founders of modern Las Vegas whose name is synonymous with some of the Strip’s best known hotel-casinos, died Monday night Los Angeles after a brief illness.

Kerkorian, who tuned 98 on June 6, was the largest shareholder in MGM Resorts International, which he founded in the early 1990s.

Three times in his career, he built and opened what were considered the world’s largest hotel-casinos — the International (now the Westgate Las Vegas) in 1969, the original MGM Grand (now Bally’s Las Vegas) in 1973 and the current MGM Grand Las Vegas in 1993.

Kerkorian invested in and operated numerous industries, including airlines, carmakers and film studios. In the 1940s, he operated a small airline that shuttled gamblers into then-remote Las Vegas from a Los Angeles-area airport.
....

This is a developing story. Please check back for updates.

Contact reporter Howard Stutz at [e-mail] or 702-477-3871. Follow @howardstutz on Twitter.

Read more: http://www.reviewjournal.com/business/casinos-gaming/billionaire-las-vegas-mogul-kirk-kerkorian-dies-los-angeles

---

Kirk Kerkorian

Wealth

His net worth in 2008, according to Forbes magazine, was $16.0 billion, making him the 41st richest person in the world and the richest person in California at that time. By 2011, Kerkorian was among those hardest hit by stock market recession as his net worth tumbled to $3.2 billion. In 2013 he was listed as the 412th richest person with a net worth of $3.9 billion.

[Human101948]

1. Did he pass through the eye of a needle?

inquiring minds want to know!

[calimary]

2. One less to go out buying politicians.

This particular "Billionaire Boys Club" is now minus one. Wonder which of the CON candidates would have been his personal pet?

[jmowreader]

11. Whichever one had the best chance of success

[Raster]

13. No, but his favorite camel did!

[CanonRay]

3. How is this a "developing story"

Is he coming back?

[Archae]

6. My guess is the reading of the will is going to be a nightmare.

All the claims and counter-claims.

[Wilms]

8. .

[Freelancer]

4. Heirs, Lawyers, Charities, Foundations -- I guess the trickle-down is finally happening. nt

[samsingh]

5. he seems to give to both noble Democrats and repulsive repugs

[Xipe Totec]

7. Lucky Man

[KatyMan]

9. "his net worth tumbled to $3.2 billion"

Boy would I like my bank account to "tumble" to 3.2 billion....

[PasadenaTrudy]

12. Yeah, no shit! n/t

[lobodons]

10. Did he win?

He had a lot of toys.

[Raster]

14. The adage that "he who dies with the most toys wins" was created by toy manufacturers and sellers.

He or she who dies, dies.