It is a simple answer – William C. Coker Jr., owner of the Golden Nugget Resort & Casino and The Hard Rock Hotel & Casino in Las Vegas.
Coker is the biggest private owner of casinos in the United States with a net worth estimated at over $9 billion.
If you look at the other casino owners listed here by casino net worth, it seems Coker is at the top of the list. But it may be worth researching who other large casino owners are.
Some are millionaires and all are members of the wealthy club of American megachaters.
Here are the top casino owners, according to their wealth as of May 1. (Scroll down for full results of the rankings)
The top 20 casino owners worth more than $1.3 billion:
10: William Edward Coker Jr
9. Sheldon Adelson
8. Gary Thompson
7. Stanley Druckenmiller
6. Larry Silver
5. Sheldon Adelson
4. Sheldon Adelson
3. Sheldon Adelson
2. Stanley Druckenmiller
1. William C. Coker Jr.
How did these millionaires become so rich?
In 2008, the median net worth among all casino owners in the United States was $35.5 million. But for many these people, it’s much higher.
One recent study found that the median net worth of the top 1% of casino owners was $2.2 million, and for the top 10% it was $13.6 million.
Coker’s wealth seems much larger than what most people understand. But it actually comes in a fairly small amount when comparing the other casino owners.
The richest casino owner?
The second richest casino owner? It’s not billionaire William C. Coker.
That would come in the form of Sheldon Adelson. The Washington Post reports that Adelson, the billionaire casino heir, owns the Venetian Las Vegas, Wynn Las Vegas, and Mandalay Bay Resort and Casino. But Adelson will likely be better known for his support of extreme right-wing Republican politician Donald Trump for president.
But Adelson is still worth millions – and he was the main backer of a lawsuit challenging the Federal Communications Commission’s decision to open up the cable industry to satellite operators. It’s not a coincidence that the Trump Tower in Las Vegas is near Venetian’s
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