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Saturday May 9, 2020 05:00 AM (GMT + 7)
The owner of the largest casino in Las Vegas says he has enough cash to keep his casino closed for 20 years.
The famous gambling tycoon Phil Ruffin was born in March 1935 in Potter County, Texas, USA. USA His family used to have only a small retail tradition, but he was able to facilitate his study in Wichita, Kansas.
Phil Ruffin – famous American business billionaire Phil Ruffin (source: Forbes)
Instead of going the way of school as his family wants, billionaire Ruffin dropped out of college halfway to join his friends in the hamburger business. This work earned him a profit large enough to acquire a number of convenience stores.
Phil Ruffin then gradually invaded the real estate scene by making a series of deals involving shopping malls, offices, and hotels. In 1998, he purchased the New Frontier Casino and Hotel Complex in Paradise, Nevada, USA. USA For $ 165 million. In 2007, he sold the property to Yitzhak Tshuva, an Israeli billionaire, for up to $ 1.2 billion.
Despite the backdrop of the global economic crisis in 2009, billionaire Ruffin still spent up to $ 775 million to own the prestigious Treasure Island casino hotel complex from media group MGM.
With a net worth of $ 3.2 billion, Forbes ranks billionaire Phil Ruffin as the 319th richest person in the United States and the 8th largest in the world. Most of that money you earn comes from casino and real estate businesses. With this asset, Ruffin certainly has enough money to pay employees throughout the period of isolation. Their companies are believed to have cash vaults of approximately $ 500 million.
He also suggested that if an employee wanted to borrow money, he would lend them 3% interest per year.
Billionaire Ruffin has established a close relationship with Mr. Trump over 30 years ago (source: Forbes)
Ruffin met with President Donald Trump almost 30 years ago at the Trump Tower in Manhattan to make a real estate deal to build a casino. “Although the deal was unsuccessful, the two quickly became close friends,” Ruffin said.
In 2005 Ruffin invited Trump to dinner in Las Vegas. Ruffin then took the future president to see a vacant lot he still owned behind the former Frontier business district and thought it would be a great location for a new Trump hotel.
The New York real estate magnate decided to invest and the two built a 64-crystal gold tower: the Trump International Hotel.
Source: http: //danviet.vn/ong-trum-song-bac-than-thiet-voi-tong-thong-trump-giau-toi-muc-nao-50202095458 …
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