Billionaire Kirk Kerkorian, who made fortune in Las Vegas hotels, MGM deals, dies at 98
Billionaire Kirk Kerkorian, an eighth-grade dropout who built Las Vegas' biggest hotels, tried to take over Chrysler and bought and sold MGM at a profit three times, has died. He was 98.
MGM Resorts International says Kerkorian died Monday.
He built the 30-story, 1,568-room International Hotel, the world's largest hotel when it opened in the late 1960s.
When Kerkorian opened the first MGM Grand in Las Vegas in the 1970s, it was again the world's largest resort hotel, containing more than 2,000 rooms. Years later, he would build another MGM Grand, this one with more than 5,000 rooms — and again, the world's largest.
Kerkorian also bought and sold the Metro-Goldwyn-Mayer film studio three times, each time realizing a profit. He also invested heavily in the auto industry and tried unsuccessfully to take over Chrysler.