Kirk Kerkorian’s profile picture

Kirk Kerkorian

Kirk Kerkorian’s profile picture
Net worth 2018: $4.2 Billion
Industry: Gaming
Country: United States
BirthDay: 6 June 1917
Sigh: Cancer
Died On: 15/06/2015
Children: 2
Education: Diploma, High School
BIOGRAPHY

Kirk Kerkorian was bornon 6 June 1917 in United States. Las Vegas real estate and movie studio mogul Kirk Kerkorian died on June 15. He was 98 years old, making him the world's second oldest billionaire. Only David Rockefeller, who turned 100 in June, was older. Kerkorian's life was the stuff of movies. An eighth-grade dropout, he was once a boxer and a former World War II fighter pilot trainer. He bought a plot of land in Las Vegas in 1962 and seven years later, opened the original MGM hotel and casino after picking up the movie studio. He stepped down from the board of MGM Resorts International in 2011 but remained at the time of his death the company's largest shareholder with a 19% stake. He also owned a stake in MGM China through holding company Tracinda Corp. He was known for his colorful personal life. In 2012, he was rumored to be engaged to Joan Dangerfield (the widow of comedian Rodney Dangerfield), who celebrated his 95th birthday by organizing a flash mob. He later announced his engagement to long-time friend Lu Beard, the widow of Bill Beard, the former CEO of Beard Oil Co. In 2014, he reportedly married his long-time girlfriend Una Davis. Meanwhile, his ex-wife Lisa Bonder, former tennis pro to whom he was briefly married, had been trying to get herself appointed his guardian. Kerkorian is survived by two daughters, Tracy Kerkorian and Linda Ross Hilton Kemper, and three grandchildren.

NET WORTH STATISTIC
2010

$2.9 Billion

2011

$3 Billion

2012

$2.9 Billion

2013

$3.9 Billion

2014

$4.3 Billion

2015

$4.2 Billion

2018

$4.2 Billion

TIMELINE
2017

The resulting film, called "The Promise,", premiered in April 2017 in the United States

2015

Kerkorian died in Beverly Hills, California on June 15, 2015, nine days after his 98th birthday

2013

In 2013 he was listed as the 412th richest person with a net worth of $3

2011

The Lincy Foundation was dissolved in 2011, after 22 years of charitable activities by announcing on February 14, 2011, that it was ceasing operations after dispensing its last $200 million to University of California, Los Angeles

2009

After Kerkorian sold, GM lost more than 90% of its value, falling as low as $1/share by May 2009, and filed bankruptcy on June 1, 2009

2008

Kerkorian sold his remaining stake in Ford on December 29, 2008

2007

On May 14, 2007 80% of the Chrysler arm of Daimler-Chrysler was sold to Cerberus for $7

2006

On August 10, 2006, the Los Angeles Times reported that Kerkorian's attorneys were being sued by Bonder because of their connection to former high-profile private investigator Anthony Pellicano, who in 2008 began serving a fifteen-year prison sentence for running a wiretapping scheme

2005

In 2005 Kerkorian contributed another $60 million to the reconstruction of schools and streets in Armenia

2004

He was bestowed the title of National Hero of Armenia, the highest state award, by Kocharyan in May 2004

2000

In 2000 Time magazine named him the 10th largest donor in the US

1999

Kerkorian's short-lived third marriage (1999) was to professional tennis player Lisa Bonder, 48 years his junior, which lasted only one month

1998

Kerkorian visited Armenia for the first time in 1998

1997

Kerkorian soon expanded the company, purchasing Orion Pictures, The Samuel Goldwyn Company and Motion Picture Corporation of America from John Kluge's Metromedia in 1997, and bought a majority to the pre-1996 PolyGram Filmed Entertainment library from its parent Philips, which was in process to sell PolyGram to Seagram

1996

Chrysler's management treated the takeover as hostile, and after a lengthy battle, Kerkorian canceled his plans and sold his Chrysler stake in 1996

1995

His involvement began in 1995, when with the assistance of retired Chrysler chairman and CEO Lee Iacocca, Kerkorian staged a takeover attempt of the Chrysler Corporation

1990

Also in 1990, the MGM studio was purchased by Italian financier Giancarlo Parretti, who then merged the former Cannon with the MGM purchase to create the short-lived MGM-Pathé Communications

1989

Of Armenian American origin, Kerkorian provided over $1 billion for charity in Armenia through his Lincy Foundation, which was established in 1989 and particularly focused on helping to rebuild northern Armenia after the 1988 earthquake

1986

To recoup his investment, Turner sold the production/distribution assets and trademarks of MGM to United Artists, while retaining the pre-May 1986 MGM, Associated Artists Productions (the pre-1950 Warner Bros

1980

On November 21, 1980, the original MGM Grand burned in a fire that was one of the worst disasters in Las Vegas history

1979

In 1979, Kerkorian issued a statement claiming that MGM was now primarily a hotel company; however, he also managed to expand the overall film library and production system with the purchase of United Artists from Transamerica in 1981, becoming MGM/UA Entertainment Company

1973

Kerkorian sold MGM's distribution system in 1973, and gradually distanced himself from the daily operation of the studio

1969

In 1969, Kerkorian appointed James Thomas Aubrey, Jr

1968

This purchase led to the building of Caesars Palace, which rented the land from Kerkorian; the rent and eventual sale of the land to Caesars in 1968 made Kerkorian $9 million

1967

In 1967, he bought 82 acres (33 ha) of land on Paradise Road in Las Vegas for $5 million and, with architect Martin Stern, Jr

1962

In 1962, Kerkorian bought 80 acres (32 ha) in Las Vegas, across the Las Vegas Strip from the Flamingo, for $960,000

1954

His next, to Jean Maree Hardy, lasting from 1954 to 1984

1944

He worked as a general aviation pilot, and made his first visit to Las Vegas in 1944

1942

Kerkorian was married three times, first to Hilda Schmidt from 1942 to 1952

1941

0 billion according to Forbes magazine, making him the 41st richest person in the world and the richest person in California at that time

1940

After spending much time in Las Vegas during the 1940s, Kerkorian quit gambling and in 1947 paid $60,000 for Trans International Airlines, which was a small air-charter service that flew gamblers from Los Angeles to Las Vegas

1920

" His family moved to Los Angeles following the depression of 1920–21

1917

Kerkor Kerkorian was born on June 6, 1917 in Fresno, California, to immigrant parents of Armenian origin

(4/155 votes)
Related Person
David Chow’s profile picture
David Chow
Net Worth is $1.8 Billion
Lam Fong Ngo’s profile picture
Lam Fong Ngo
Net Worth is $1 Billion