Business big shot
The Times (London)
September 2, 2004, Thursday
(Photograph) – Kirk Kerkorian is about to sell his MGM film studios for
$ 5 billion (£2.8 billion) -having bought and sold the company three
times previously. The windfall will add to his estimated fortune of $
3.4 billion, which already makes him the 97th richest man in the world.
Mr Kerkorian was raised in California by Armenian emigre parents. At
the age of nine, he dropped out of school to sell newspapers before
becoming an amateur boxer. His lust for adventure brought him to
England during World War Two, where he was a pilot in the RAF.
In 1947, aged 29, Mr Kerkorian started Los Angeles Air Service with
a single plane, flying gamblers from Burbank to Las Vegas. He went
on to launch three more airlines and a clutch of casino hotels. Page 27
From: Emil Lazarian | Ararat NewsPress