#9 Kerkorian’s Second Act: Redefining Industries

Show Notes:

Welcome to the Rainmakers Podcast, where billionaire success stories come to life.

Today, we continue our deep dive into Kirk Kerkorian's investment playbook.

We'll explore how this casino mogul navigated a financial crisis after a high-stakes, debt-fueled bet on MGM during an economic downturn.

Discover how Kerkorian rebounded from a staggering loss, seeing his net worth plummet from $350 million to $70 million in just one year.

Join us for a masterclass in resilience and strategic recovery in the face of near-financial ruin.

Special thanks to @45wallst on twitter for helping with the research of this episode.

Follow him here: https://twitter.com/45WallSt

Follow me: https://twitter.com/rainmakerspod

Sources:

• Fade Out: The Calamitous Final Days of MGM by Peter Bart
• Winner Takes All by Christina Binkley
• Indecent Exposure: A True Story of Hollywood and Wall Street by David McClintick
• Keynote Speech to The Society of Automotive Analysts - Jerome B. York 1996
• Don’t Ever tell Babe Ruth how to hold his bat by D.M.
• Kerkorian: Casinos Trump Cars by Businessweek 2006
• Kerkorian Shuffles the MGM Deck by Businessweek 2007
• Kerkorian Faces Debt Woes by Businessweek 2009
• Kerkorian in the Emerald City by Ralph King Jr
• The Strip and The Street by Bernard Condon
• Beverly Hills Meets Motown by Time Magazine 1990
• Kerkorian, Columbia In Peace Pact by Robert J. Cole
• Kerkorian to Seek 20% of Columbia by Robert J. Cole
• New UA Will Start As 'Shell Company' by Thomas C. Hayes
• Third Time Is Still a Charm for Financier Kerkorian by James Bates
• The MGM Grand Hotel, which opened in December 1973, by Chris Chrystal
• Timeline: Kirk Kerkorian’s long career of bold investments by LA Times 2015
• Kerkorian and MGM, Off Again by Frank Ahrens
• Ted Turner: Back from the Brink by Stratford P. Sherman