Category:
Richest BusinessRichest Billionaires
Net Worth:
$2 Billion
Birthdate:
Mar 27, 1964 (60 years old)
Birthplace:
New York City, New York
Profession:
Owner of Meruelo Group, Owner of Arizona Coyotes (NHL), Owner of KWHY-TV and KBEH, Owner of KLOS, KLLI, KPWR, KDAY and KDEY-FM, Owner of Fuji Food, Owner of Grand Sierra Resort, Owner of Sahara Las Vegas, Owner of Colom Island
Nationality:
Cuban-American

What is Alex Meruelo's 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 parents both fled Cuba with nothing after Castro came to power. The family eventually moved to Los Angeles, California and graduated from California State University, Long Beach. Meruelo started out in his father's tuxedo business. He opened his first pizza restaurant which would become part of the chain La Pizza Loca Southern California in 1985. He actually took over a failed pizza place and within five years had grown to 25 locations and $10 million in annual revenue. Alex Meruelo then founded the Meruelo Group which is a real estate development and construction firm.

The group owns the TV station KWHY-TV, the Grand Sierra Resort (a casino in Reno), Select Electric Inc, Neal Electric Corp, Doty Bros, a bank in Orange County, a maker of prepackaged sushi, and two LA radio stations including Power 106 (LA's #1 station) and KDAY (LA's #3 station). In 2017 the group purchased the SLS Las Vegas which was formerly known as the Sahara Hotel and Casino. He had to put down $100 million to acquire the SLS. His goal is to transform the SLS into a lationo-friendly casino which also appeals to the general public. He brilliantly uses his various media assets to promote one-another. For example, he runs contests on Power 106 that sends listeners to his SLS casino in Vegas. At one point he attempted to buy the NBA's Atlanta Hawks. Alex Meruelo and his wife currently live in Reno, Nevada.

All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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