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
