Tilman Joseph Fertitta (birthed June 25, 1957) is an American entrepreneur as well as television personality. He is the chairman, CEO, as well as single owner of Landry’s, Inc., among the nation’s largest restaurant corporations. In 2013, his net worth was estimated at $2.4 billion, placing him at No. 235 on the Forbes 400 list of the richest Americans; Forbes calls him the “World’s Richest Restaurateur”. Fertitta is also chairman of the Board of Regents of the College of Houston System. After landing a fact tv show on CNBC, Fertitta became the celebrity of Billion Dollar Buyer. In December 2016, he acquired the Hooters franchise business.
Early life
Fertitta was birthed and raised in Galveston, Texas, numerous generations after his family had actually emigrated to Texas from Sicily. Fertitta’s dad, Vic. owned a seafood restaurant on Galveston Island, and after institution, a young Tilman Fertitta would certainly peel shrimp in his papa’s restaurant. Fertitta went to Texas Tech College and also the University of Houston, researching company administration and friendliness monitoring. His very first business experience included marketing as well as advertising Shaklee vitamins. In the 1980s, Fertitta founded as well as ran a construction and also growth business, and established his very first significant project, the Largo in Galveston.
Business
Landry’s, Inc
. Key article: Landry’s, Inc
. Fertitta was a partner in the first Landry’s , Landry’s , which opened its doors in the Houston suburb of Katy, Texas, in 1980. A year later, Fertitta aided open Willie G’s & Steaks, a much more upscale restaurant near Houston’s Uptown District. In 1986, Fertitta obtained managing passions of both locations, and in 1988, came to be sole owner of Landry’s Restaurants. In 1993, Fertitta took Landry’s, Inc. public and also the firm grew promptly, including concept after idea.
In 2010, Fertitta, who already possessed the majority of Landry’s, Inc. stock, bought all shares, ending up being sole proprietor again. In 1993, the firm was valued at about $30 million. By 2011, the business’s value had actually skyrocketed to a worth of greater than $1.7 billion. As of 2013, the business, under the leadership of Fertitta, has and also operates greater than 500 restaurant/entertainment/gaming/ friendliness areas. In total, Landry’s, Inc. employs more than 50,000 as well as controls $3.2 billion in properties.
Landry’s consists of: The Golden Nugget and Casino sites; Morton’s The Steakhouse; Cafe; Bubba Gump Shrimp Co.; McCormick & Schmick’s & Steaks; Saltgrass Steak Residence; Claim Jumper; Graph Home; The Oceanaire; Mastro’s Restaurants; and also Vic & Anthony’s Steakhouse.
In 2004, Fertitta was chosen to the Texas Company Hall of Popularity, coming to be the second-youngest Texan to ever before earn that difference, behind just Michael Dell.
Summary
| Tilman J. Fertitta | |
|---|---|
| Born | June 25, 1957 (age 59) Galveston, Texas, U.S. |
| Residence | Houston, Texas, U.S. |
| Nationality | American |
| Occupation |
|
| Known for | Restaurateur |
| Net worth |  US$2.8 billion (January 2017) |
| Spouse(s) | Paige Fertitta |
| Children | 4 |
Fertitta is the chairman and chief executive of Fertitta Entertainment, the owner of Golden Nugget Casinos and restaurant chain Landry’s Seafood. The Houston, Texas-based business also owns Bubba Gump Shrimp and the Saltgrass Steak House. He bought the Houston Rockets, a NBA basketball team, for $2.2 billion in 2017.
Source:
- Wikipedia
- bloomberg