He is the owner of the holding company Fertitta Entertainment. In 2017 he acquired half ofĮMM group, owner of the Catch Restaurants. McCormick & Schmick's Seafood & Steaks Saltgrass Steak House Claim Jumper Chart House The Oceanaire Mastro's Restaurants Grotto Restaurants, The Boathouse Restaurants and Vic & Anthony's Steakhouse. His portfolio includes: The Golden Nugget Hotel and Casinos Morton's The Steakhouse Rainforest Cafe Bubba Gump Shrimp Co. By 2011, the company's value had skyrocketed to a value of more than $1.7 billion. stock, purchased all outstanding shares, becoming sole owner again. In 2010, Fertitta, who already owned the majority of Landry's, Inc. In 2004, Fertitta was elected to the Texas Business Hall of Fame, becoming the second-youngest Texan to ever earn that distinction, behind only Michael Dell.

In 1993, Landry's was valued at approximately $30 million. public and the company grew quickly, adding concept after concept. In 1986, Fertitta gained controlling interests of both locations, and in 1988, became sole owner of Landry's Restaurants. A year later, he helped open Willie G's Seafood & Steaks, a more upscale restaurant in Uptown Houston. įertitta was a partner in the first Landry's Restaurant, Landry's Seafood, which opened its doors in the Houston suburb of Katy, Texas, in 1980. In the 1980s, Fertitta founded and ran a construction and development business, and developed his first major project, the Key Largo Hotel in Galveston. His first entrepreneurial experience involved selling and promoting Shaklee vitamins. įertitta attended Texas Tech University and the University of Houston, studying business administration and hospitality management but never graduated. His father, Vic, owned a seafood restaurant on Galveston Island, and after school, Tilman would peel shrimp in his father's restaurant. Tilman Joseph Fertitta was born in Galveston, Texas.

On September 5, 2017, Fertitta reached an agreement to buy the Houston Rockets for $2.2 billion. įertitta became the star of Billion Dollar Buyer on CNBC. Forbes calls him the 'World's Richest Restaurateur'. Īs of June 2023, his net worth was estimated at $8.4 billion. Fertitta is chairman of the board of regents of the University of Houston System.

He also owns the National Basketball Association (NBA)'s Houston Rockets. He is the chairman, CEO, and owner of Landry's, Inc. Tilman Joseph Fertitta (born 1957) is an American billionaire businessman and television personality.

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