#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