Phil Ruffin Net Worth
Phil Ruffin Net Worth is
$1.5 Million
Phil Ruffin Bio/Wiki, Net Worth, Married 2018
Phillip G. Ruffin is an American businessman. His company interests lie mostly in casinos, greyhound racing tracks, oil production, convenience stores, and property. Ruffin lives in Vegas, Nevada. Ruffin continues to be recorded on the Forbes 400 list of the nation’s most affluent individuals multiple times, most recently at #215 in 2008 with a net worth of $2.1 billion.
Ruffin is famous for his purchase of the New Frontier Hotel and Casino, among the Strip’s venerable properties. When he purchased the resort from Margaret Elardi and her family, it was mired in a longtime, occasionally brutal strike using the Culinary Workers Union, among the strongest unions in Vegas. Ruffin settled the strike quite shortly after his purchase in 1998. Shortly after, the casino hotel became known as the New Frontier. Ruffin sold the New Frontier to El Ad Properties in 2007. The $1.2 billion deal price for the 36 acres (15 ha) property was the greatest per-acre cost in The Strip’s history
