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
Rainmakers