Tilman Joseph Fertitta is a 60-year old Texas businessman and TV personality. He’s the owner of Landry’s Inc. and Houston Rockets, two huge businesses that made him one of the wealthiest people in the world. Today we’re taking a look at Tilman Fertitta’s net worth, life, and business endeavors.
Tilman Fertitta Net Worth – $3.8 Billion
How Did Tilman Fertitta Make His Money & Wealth
Early Life
His education and discipline would go on to help him amass a net worth of $3.8 billion in 2018!
Landry’s, Inc.
Casinos
Entertainment
As previously mentioned, Landry’s also owns several entertainment venues, such as amusement parks, aquariums, boardwalks, and piers. These include Kemah Boardwalk, Boardwalk Santa Fe, Galveston Island Historic Pleasure Pier, among others.
Sports
Fertitta owned a significant portion of the Houston Texans but was forced to sell his shares in 2018. This was due to him owning the Golden Nuggets casinos. The NFL rules state that any staff member of the team is not allowed to be associated with gambling in any way. A disappointed Fertitta then sold his shares for an unknown amount.
Through his decades of smart and hard work, Tilman Fertitta became one of the richest individual people in the world. According to Forbes, his early 2018 net worth is $3.8 billion!
Tilman Fertitta Personal Life & FAQ’s:
Is Tilman Fertitta married?
Tilman Fertitta Salary & Annual Earnings in 2018
While Fertitta’s actual income isn’t publicly available, there is a measure that we can use to determine how rich he actually is. According to Forbes, his net worth increased from $1.7 billion in March 2013 to $3.5 billion in October 2017. So in roughly 4 years and 7 months, Fertitta increased his net worth by $1.8 billion! For comparison, the average American citizen would make somewhere around $200,000 worth of salaries in the same time period. So Tilman makes around 9,000x than the average US worker. (Obviously, all of this is simplified to show how wealthy he actually is)
Tilman Fertitta House – Pictures of Fertitta Family Home
Other Facts
- He owns a yacht called Boardwalk, valued at $40 million, with 6 guest suites and a helipad. Speaking of which…
- Fertitta owns a helicopter that’s located on the yacht, and two Gulfstream G550 private jets, valued at $50m each
- He was a dropout from the Houston University. However, today he is the president of Houston Unversity’s board of regents.
- He donated $20 million to rebuild a pavilion at the university, as well as donated for the construction of the stadium
- Although you might think he is in the top 10 or at least 50 wealthiest people in the world, he is “only” the world’s 693rd billionaire by net worth.