The biggest gainer on Forbes 2007 Richest Americans List was Kirk Kerkorian, who padded his fortune by $9 billion as shares of his MGM Mirage (nyse: MGM - news - people ) casino outfit rose 135% over the past year. The 90-year old Kerkorian enters the top 10 at lucky #7.
According to Forbes:
Kerkorian is the "Son of Armenian immigrant fruit farmer dropped out of school in eighth grade. Trained U.S., British fighter pilots during WWII. Flew surplus Air Force planes across Atlantic after war before building charter flights company Trans International Airlines; sold for $104 million profit 1966. Acquired Flamingo Hotel in Las Vegas 1967, built International Hotel 1969. Sold both properties to Hilton Hotels 1970. Went Hollywood: made billions buying and selling movie studio MGM, 3 times since 1969. Back to Vegas: nabbed Steve Wynn's Mirage Resorts for $6.4 billion 2000, then Mandalay Bay Resorts for $7.9 billion 4 years later. Today MGM Mirage owns more than half the hotel rooms on Las Vegas Strip; shares up 140% in past 12 months. Attempted to personally buy Bellagio casino, unfinished 76-acre resort complex CityCenter from MGM Mirage this spring; pulled out after company struck deal with Kerzner International to develop 40 acres of land on Strip. In August sold half of CityCenter, 9.5% chunk of MGM to Middle East investment firm Dubai World for $5 billion. Spent 20 frustrating months fighting to reshape General Motors; believed to have sold entire stake last November."
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