Lorenzo Fertitta

Lorenzo Joseph Fertitta is an American entrepreneur, investor, business builder and philanthropist. He is chairman of Fertitta Capital, director of Red Rock Resorts Inc. and former CEO of the Ultimate Fighting Championship.

Lorenzo Fertitta and his brother, Frank, made the bulk of their fortune through mixed martial arts promoter UFC.

They bought UFC for $2 million in 2001; an investment group led by WME/IMG bought it for $4 billion in 2016.

They sold their remaining stakes in UFC in August 2017 at a $5 billion valuation.

The Fertittas took public their casino business, Red Rock Resorts, in 2016. It was founded by their father.

They each pledged $7.5 million in 2016 to NYU’s Stern School of Business for a scholarship for veterans.