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UFC owners Frank and Lorenzo Fertitta billionaires on new Forbes list




"Gambling is in his blood. Last year, with his brother Frank and private equity money from Colony Capital, he [Lorenzo Feritta] took Bingo Palace, the Las Vegas casino and bingo hall built by his father, private for $9 billion, including debt. In 2001 he purchased the professional mixed martial arts league Ultimate Fighting Championship, which gained mass appeal from the reality TV show The Ultimate Fighter."

It must be nice. Interesting nugget that has been known for awhile and is never brought up much: If Frank and Lorenzo ever have to resolve a deadlock between the two it will be settled with a jiu-jitsu match with the winner having the final say. Oh ... and the referee? UFC President Dana White. I doubt Bill Gates or any others on that list have clause like that.

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