30 / January / 2019 : 11-57
Tracing the Success Story of Business Tycoon Kirk Kerkorian
Kirk
Kerkorian was an American businessman and investor who had a successful career
spanning several decades. He was born in 1917 in Fresno, California and grew up
in poverty. Despite his humble beginnings, Kerkorian went on to become one of
the most successful businesspeople of his time.
Kerkorian's
career began in the airline industry, where he made his fortune through a
series of bold investments and acquisitions. He was the founder of Trans
International Airlines (TIA), which was one of the first charter airlines in
the United States. In 1968, he sold TIA to Transamerica Corporation for a
substantial profit.
After
leaving the airline industry, Kerkorian turned his attention to the Las Vegas
casino and hotel business. He became the majority shareholder of the
International Hotel (later known as the Las Vegas Hilton), and later acquired
the MGM Grand Hotel and Casino. Over time, Kerkorian expanded his casino
empire, acquiring several more hotels and casinos in Las Vegas and beyond.
In addition to his investments in the casino and hotel industry, Kerkorian also made substantial investments in the automobile industry. He was a major shareholder in both Chrysler and General Motors, and played a key role in several major automotive industry mergers and acquisitions.Throughout his career, Kerkorian was known for his ability to spot profitable opportunities and his willingness to take calculated risks. Despite his many successes, he also experienced several setbacks and losses over the years, but he always bounced back and continued to grow his fortune.Kerkorian passed away in 2015 at the age of 98, leaving behind a legacy as one of the most successful and innovative businessmen of his time. Despite his many accomplishments, he remained humble and was widely regarded as a philanthropist, donating millions of dollars to various charitable causes over the course of his life.
Published on 30 / January / 2019 : 11-57
Published by
Liana Aloyan
Journalist, columnist. Liana studies at the Faculty of Russian Philology of Khachatur Abovyan State University. She has been working at Yelaket (Yelaket.am) news agency since 2019 as a journalist and columnist. Writes articles about business and marketing. Liana is a member of "Media association" since 2020.
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