Kirk Kerkorian not concerned about economic crisis, The New York Times
reports
NEW YORK, JUNE 12, NOYAN TAPAN – ARMENIANS TODAY. The New York Times on
June 11 addressed the losses sustained by 92-year-old billionaire of
Armenian descent Kirk Kerkorian as a result of the global economic
crisis. According to the daily, although Kerkorian’s wealth decreased
from 14 billion to 2 billion dollars, he does not seem concerned very
much about this fact, Asbarez reported.
Kerkorian proved in the past that he is capable of enduring such
worries, the daily says. In the words of Alex Yemenidijian, Kerkorian’s
old friend and former chairman of Metro-Goldwin-Mayer, the billionaire
has seen such crises in his life and this one is just a small obstacle
on his way.
The New York Times informed its readers that Kerkorian prefers focusing
on several companies and turns down offers to invest or become engaged
in various sectors. One-third of funds of the Lincy Founadation, his
philanthropy institution, is related to MGM’s shares. In late 2008 the
Lincy Foundation had 507.6 million dollars on its balance sheet.