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  • Business big shot

    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
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