"When you're a self-made man you start very early in life. In my case it was at nine years old when I started bringing income into the family. You get a drive that's a little different, maybe a little stronger, than somebody who inherited."
Kirk Kerkorian
Billionaire Kerkorian owns Tracinda Corporation. He is also known as one of the key figures in shaping the city of Las Vegas. Kerkorian, however likes to keep a low profile.
His charitable foundation has granted more than $200 million but has not allowed anything to bear his name. His father was an illiterate immigrant. But Kerkorian had made up his mind to make it big. However, he was expelled from Foshay Junior High for fighting. He joined another school but dropped out in the eighth grade.
He worked hard, taking up many odd jobs to help his poor parents. He became an amateur boxer under the tutelage of his older brother Nish, a boxer. At 17, he joined the Civilian Conservation Corps. When he was 25 he joined the Morton Air Academy where he rose to the rank of a lieutenant and became an army flight instructor.
During World War II Kirk flew daredevil missions across the Atlantic for the Royal Air Force. He then started a plane charter service. He took it public in 1965. In 1968 he sold out to the TransAmerica Corporation. Kerkorian got about $85 million worth of stock in the TransAmerica conglomerate.
In 1973 he acquired MGM, the famous movie studio, and opened the MGM Grand Hotel, which was the largest hotel in the world at that time. In 1992 Kerkorian started MGM Grand Air, a super luxury airline that only flew LA-NY flights. But he had to close down in 1994. The 91-year old Kerkorian with a net worth $5 billion is the world's 98th richest person.
