Once Richest Man in LA Kirk Kerkorian Dies

Billionaire Kirk Kerkorian, famous for his investments in the auto industry and Las Vegas real estate, died Monday evening at his home in Beverly Hills. He was 98. Kirk was responsible for building massive Las Vegas hotels, and at one point owned the Bellagio and the Mirage. In addition, Kirk put money into Chrysler in the early '80s and General Motors in 2005, only to get out of both during economic upswings, reports the LA Times. Forbes puts his net worth at $4.2B, though at one point Kirk was the richest resident of LA. [LAT]

Continue reading this story with a free account

Log in or register
Related Topics: Chrysler , General Motors , Kirk Kerkorian
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Lender Wants Blackstone, Hudson Pacific To Sell Vacant Sun Valley Studio

Faring Proposes Office, Retail Project On Sunset Strip Car Dealership Site

LA Developers Eye 2029 Groundbreakings As High Costs Stall New Projects

San Pedro's West Harbor Announces 3 New Tenants: The Los Angeles Deal Sheet

Proposition 45 Would Set Deadlines For Some Projects' CEQA Reviews

California Governor Candidates See Different Solutions To State's Housing Troubles

Los Angeles Trials Its Own Vacant To Vibrant Program

Paramount Pictures To Reopen Bay Theater In Palisades Village

As Healthcare REITs Shift To Senior Housing, New Entrants Move Into Medical Office Space

Downtown Los Angeles Retail, Office Hub The Bloc Up For Sale

DHS Buys 3 More Detention Facilities From The Geo Group For $950M

Amazon, LA Olympics Organizer Take Over 39-Acre Site Formerly Home To Forever 21