Alex Meruelo Net Worth – Richest Businessmen

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Alex Meruelo net worth: Alex Meruelo is a Cuban American businessman who has a net worth of $2 billion. Alex Meruelo was born in New York City, New York. His mother and father each fled Cuba with nothing after Castro got here to energy. The household finally moved to Los Angeles, California and graduated from California State University, Long Beach. Meruelo began out in his father’s tuxedo enterprise. He opened his first pizza restaurant which might develop into a part of the chain La Pizza Loca Southern California in 1985. He really took over a failed pizza place and inside 5 years had grown to 25 areas and $10 million in annual income. Alex Meruelo then based the Meruelo Group which is an actual property improvement and building agency. The group owns the TV station KWHY-TV, the Grand Sierra Resort (a on line casino in Reno), Select Electric Inc, Neal Electric Corp, Doty Bros, a financial institution in Orange County, a maker of prepackaged sushi, and two LA radio stations together with Power 106 (LA’s #1 station) and KDAY (LA’s #three station). In 2017 the group bought the SLS Las Vegas which was previously often called the Sahara Hotel and Casino. He needed to put down $100 million to accumulate the SLS. His objective is to rework the SLS right into a lationo-friendly on line casino which additionally appeals to most people. He brilliantly makes use of his numerous media property to advertise one-another. For instance, he runs contests on Power 106 that sends listeners to his SLS on line casino in Vegas. At one level he tried to purchase the NBA’s Atlanta Hawks.¬†Alex Meruelo and his spouse at the moment dwell in Reno, Nevada.

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