⬅ # 267 Nicky Oppenheimer|# 269 Giancarlo Devasini

# 268 Tilman Fertitta 

$9.24B

Real Time Net Worth
as of 6/12/2024
$2.4M (0.03%)

# 268 Tilman Fertitta 

$9.24B

Real Time Net Worth
as of 6/12/2024
$2.4M (0.03%)
OccupationChair and CEO, Landry's
Source of WealthEntertainment, Houston Rockets
Age66
ResidenceHouston, Texas
Marital StatusMarried
Children4
EducationDrop Out, Texas Tech University; Drop Out, University of Houston
Age-Adjusted Net Worth$6.16B
Tilman Fertitta
Tilman Fertitta
United States
Net worth: $9.24B

Self-Made Score 

Wealth History

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Biography

Early Life and Career

Tilman Joseph Fertitta was born in 1957 in Galveston, Texas
Education: Attended Texas Tech University and the University of Houston (no degree)
1980s: Founded and ran a construction and development business, developing the Key Largo Hotel in Galveston.
Landry's, Inc.: Partnered in the first Landry's Restaurant in 1980 and gained controlling interests in 1986. In 1993, took Landry's public, and in 2010, took it private in a $1.4 billion deal.
Portfolio: Owns Golden Nugget Hotel and Casinos, Morton's The Steakhouse, Rainforest Cafe, Bubba Gump Shrimp Co., and more.
Hotels: Acquired San Luis Resort, Spa, & Conference Center; added several hotels on Galveston Island, including The Montage Laguna Beach in 2022.
Casinos: Purchased Golden Nugget Casinos in 2005, expanding to locations in Atlantic City, Biloxi, and Lake Charles.
Entertainment: Owns amusement parks, aquariums, and the Kemah Boardwalk; redeveloped Galveston Island Historic Pleasure Pier.
Sports: Original investor in building the Houston Texans; purchased the Houston Rockets for $2.2 billion in 2017.

Television and Books

Starred in Billion Dollar Buyer on CNBC.
Authored 'Shut Up And Listen!' released in September, sharing experiences in the dining and entertainment industries.

Houston Rockets Ownership

NBA approved $2.2 billion purchase of Houston Rockets in October 2017.
Competed with Beyonce Knowles to buy the team; also became owner of Clutch Gaming, a professional eSports organization.

Other Investments

Partnered with Richard Handler to create Landcadia, a special-purpose acquisition company.
Acquired Waitr through Landcadia in 2018.
Purchased River Oaks District, a prominent mixed-use development in Houston, for $450 million in 2024.

How long would it take you to become as rich as Tilman Fertitta?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Tilman Fertitta's net worth of $9.24B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 43.45% compared to 12.43% for the S&P 500 benchmark.

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Tilman Fertitta is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Tilman Fertitta, Entertainment and Houston Rockets are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey