Last Updated: 07 May, 2024 | Views: 260
Age: 89
Profession: Business Men
Other Profession(s): Investor, Businessperson
Famous For: Co-owns the Trump International Hotel Las Vegas
Higher Education: Washburn University, Wichita State University
Net Worth: $3.3 Billion
About (Profile/Biography):
On March 14, 1935, in Potter County, Texas, the United States, Phil Ruffin was born. Raised in Wichita, Kansas, Phil Ruffin's father operated a grocery store. Elaine Ruffin Nemer, Roy Ruffin Jr., Pat Ruffin, and Pam Ruffin are Phil Ruffin's four siblings. Phil Ruffin studied for three years at Wichita State University and Washburn University in Topeka, but he never graduated.
Phil Ruffin Career:
Phil Ruffin Earlier Career:
• In Kansas, Phil Ruffin invented self-serve gasoline, launching a Midwest chain of sixty convenience stores.
• Phil Ruffin built his first hotel, a Marriott in Wichita, with money he got from the convenience stores.
Phil Ruffin Purchase of the New Frontier Hotel:
• The most well-known acquisition made by Phil Ruffin is the New Frontier Hotel and Casino, a storied establishment on the Las Vegas Strip.
• Phil Ruffin declared that the New Frontier would be demolished and replaced in 2005 with a brand-new resort known as The Montreaux.
Phil Ruffin Sold Treasure Island Hotel and Casino
• $175 million in secured notes and $600 million in cash were the terms of the Phil Ruffin negotiation.
• According to Phil Ruffin, it would take $2.7 billion to construct a casino comparable to Treasure Island from the ground up.
Phil Ruffin Joint Investment Trump International Tower
• A piece of the New Frontier land was part of Phil Ruffin and Donald Trump's joint venture.
• Phil Ruffin began construction in July 2005, just next to the Fashion Show Mall.
Phil Ruffin Established Circus Circus:
• In December 2019, MGM Resorts International paid $825 million to Phil Ruffin for the sale of Circus Circus Las Vegas.
• Phil Ruffin intends to build a wave machine-equipped swimming pool complex on the property.
Phil Ruffin Unknown Facts:
• Phil Ruffin provided funding for "an organic food and learning initiative" at his two youngest children's school, Rainbow Mountain's Alexander Dawson School.
• During a stop in Las Vegas in June 2018, Trump gave Phil Ruffin a tour of Air Force One.