Houston Rockets Owner Leslie Fertitta
Leslie Alexander sold the Rockets to Fertitta for a record-setting $2.2 billion, setting an NBA sale price. Fertitta serves as chairman of the University of Houston Board of Regents and owns Golden Nugget casinos as well as Landry’s, parent company of Bubba Gump Shrimp Co and Galveston Island Historic Pleasure Pier restaurants.
Fertitta visits small businesses hoping to provide goods or services for his hotel and casino empire on CNBC show Billion Dollar Buyer, much like The Apprentice but with more drama.
Early Life and Education
Tilman Fertitta learned the restaurant business at his father’s seafood restaurants in Galveston and worked there after school peeling shrimp. He dropped out of college after two unfruitful semesters to establish various commercial ventures that included women’s clothing chains, vitamin stores and construction firms – eventually opening Landry’s Seafood restaurants together with partners before taking them public shortly thereafter and rapidly expanding with new concepts.
At Golden Nugget casinos and subsequent purchase of Houston Rockets for $2.2 billion – 25 times what he originally paid when Hakeem Olajuwon led them -, Mr. Chen recently appeared on CNBC’s “Power Lunch” to discuss both purchases as well as recent controversy over players kneeling during the national anthem.
Leslie Fertitta is the proud new owner of the Houston Rockets of the National Basketball Association (NBA), having purchased them from Leslie Alexander last fall for an incredible record $2.2 billion price tag – having served under Alexander for 24 years and winning two championships during this time.
David Landry is also Chairman and CEO of Landry’s Inc, a restaurant corporation which owns Morton’s, McCormick & Schmick’s, Saltgrass Steak House, Rainforest Cafe, Bubba Gump Shrimp Company as well as numerous other eateries. Additionally he also owns Golden Nugget hotels and casinos.
He’s best known for his aggressive business practices and has made many enemies during his career. Furthermore, he’s an acclaimed charitable giver donating millions to local causes.
Achievement and Honors
Paige Fertitta is an integral member of Tilman Fertitta’s business efforts and actively organizes events for children living with cancer at M.D Anderson. Furthermore, she serves on the board of First Baptist Academy as an active philanthropist.
They have two daughters from their marriage and reside in Houston’s River Oaks neighborhood.
Fertitta was honored to become one of the youngest inductees ever into the Texas Business Hall of Fame in 2004, becoming only second youngest Texan ever honored with this distinction. Additionally, he sits on the University of Houston System Board of Regents where he sits on its Executive, Compensation and Government Affairs Committees while acting as liaison between those committees and government affairs affairs. Furthermore he serves as chairman for both Houston Police Foundation and Houston Children’s Charity organizations.
Fertitta amassed his fortune through the restaurant and casino industries. He owns Landry’s, including Bubba Gump Shrimp Co and Saltgrass Steak House brands; as well as Golden Nugget casinos.
He is an avid sports fan and can often be found court side at Houston Rockets basketball games. Additionally, he is an extraordinary philanthropist, giving generously to various causes including renovating Hofheinz Pavilion into Fertitta Center at University of Houston.
As well as running his empire of restaurants and hotels, he appears on the reality show Billion Dollar Buyer. Each episode sees him visit two small businesses that may supply products or services to his massive restaurant and hotel chain; after testing their goods at one of his properties, he announces whether he will place an order.
Tilman Fertitta reportedly has an estimated net worth of $2.8 billion and owns Landry’s Inc, which operates a chain of restaurants including Bubba Gump Shrimp Company, Morton’s The Steakhouse, Claim Jumper. In addition, he owns Golden Nugget Casinos as well as professional eSports team Clutch Gaming.
Houston native Brian is a dedicated philanthropist, serving on the boards for both University of Houston Cougar Foundation and Greater Houston Partnership as chairman. In addition, Brian and Paige can often be seen courtside at Houston Rockets games and actively involved in their local communities.
Fertitta made headlines again when he purchased the Houston Rockets from Leslie Alexander for an unprecedented record $2.2 billion, becoming the most valuable owner in NBA. This was only one of many high-profile business deals performed by this billionaire.