The American promoted the Las Vegas model after combining his passion for games with the millions of dollars he managed to earn in the army.
Kirk Kerkorian He was one of the great drivers in shaping the city of Las Vegas, United States. The North American invested million of dollars with his construction company, Tracinda Corporation. The billionaire’s path went from having a difficult childhood to being responsible for one of the world’s entertainment capitals.
The American opted for “sin city” when it was not even close to its nickname and was only a small town. This place went from being a transit stop for miners to being one of the main attractions in the country. Kerkorian was the final reason for the proliferation of Las Vegas, after the small advances the city had made in the 1930s and with the Cold War.
What were the early years of Kirk Kerkorian like?
The billionaire died at the age of 98, on June 15, 2015. His childhood had a totally different lifestyle than growing up in a family of Armenian immigrants, in a low-income neighborhood. His adolescence was based mainly on the street, where he did not develop any exceptional qualities or talents. He only trained boxing and had 29 victories in 33 fights, although he never had a professional fight.
Ironically, the saving grace in Kerkorian’s life was World War II. The American tried to evade the infantry posts by oObtain your flight license and position yourself as an airplane pilot. He was one of two soldiers who dared to fly in a straight line from Canada to Scotland. This route was the most dangerous but the American managed to bring 33 bomber planes.
How Kirk Kerkorian became a millionaire
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The commissions he earned from his exploits allowed him to buy his own Cessna and he got the contacts to acquire other old planes, which he fixed up and resold. This was the beginning for buy the charter flight company, Los Angeles Air Service. Kerkorian renamed this company Tras International Airline and resold in 1968 for more than 100 million dollars.
Kerkorian was also a big gambler but was also looking for a way to invest in this passion. He used to frequent Las Vegas and saw great future value in the city. With the sale of your company, decided to invest almost a million dollars to buy 32 hectares of land in the city in 1962. Their land was located in front of the Flamingo Casino, which was the fashionable place at that time.
His land quickly became the Las Vegas Strip and, after leasing it to Jay Sarno, it became Ceasars Palace. While later he went on to buy more hectares and casinos. The billionaire took over the International Hotel, the MGM Grand Hotel, the Desert Inn Hotel, the Dunes Hotel and the Bellagio. After his success in the city, he internalized his capital by betting on casinos in the United Kingdom, South Africa and Asia.
Kirk Kerokorian’s estimated net worth at the time of his death
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The billionaire had reached a fortune of 18,000 million dollars, but his assets declined considerably after the real estate crisis of 2007. The latest analyzes of his capital revealed that Kerokorian was guarding a fortune of around 4 billion dollars.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
