Trump tapped Houston Rockets owner Tilman Fertitta for ambassador to Italy—putting him on a growing list of billionaires selected for administration roles.
When Covid lockdowns hit, Tilman Fertitta’s restaurants and casinos took a hit, and he laid off 40,000 workers. But now, the Houston Rockets owner is richer than ever thanks to seismic market shifts and a clever SPAC strategy that lets him offload debts and cut deals between his own companies.
Tilman Fertitta has a history of buying fixer-uppers and setting them up for long-term success. So what does his current interest in Caesars Entertainment mean?
Two months after reaching an agreement to purchase the Houston Rockets and Toyota Center, Fertitta is exploring the possibility of adding a National Hockey League team.
Leslie Alexander bought the Houston Rockets for $85 million in 1993. He will now sell the team for $2.2 billion, more than 25 times his initial investment.