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Phil Ruffin

Phil Ruffin

P. Ruffin
-0.07% | - $-3.23M
$4.37 B ₹ 39,790 Cr
Real Time Net Worth #952 Ranking as of 21 Feb 2026 By Forbes

More on Phil Ruffin

Gender

Male

Age

90Y

Country

United States

Born On

March, 1935

Deceased

No

Relationship Status

Married

Children

3

Education

Wichita State University (Dropout)

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Casinos And Real Estate)

Primary Organization

Ruffin Holdings

Titles

Owner

Sources of Wealth

Treasure Island Casino, Real Estate

Industry

Gambling & Casinos, Real Estate, Diversified

About Phil Ruffin


P hil Ruffin is a self-made American businessman whose diverse portfolio includes casinos, hotels, real estate, and manufacturing. Born in Potter County, Texas, Ruffin attended college but dropped out to start his own business. One of his early ventures was forming a chain of convenience stores in Kansas, which he successfully built and later sold. He reinvested his profits into real estate, particularly hotels, acquiring a portfolio of Marriott properties across the country. This laid the foundation for his entry into the lucrative casino and gaming industry.

Ruffin is most famous for his Las Vegas casino properties. He made a significant mark in 2000 when he purchased the New Frontier Hotel & Casino, which he later sold for a record-breaking $1.2 billion in 2007. A close friend and business partner of Donald Trump, Ruffin co-owns the Trump International Hotel in Las Vegas. His current flagship properties on the Vegas strip are the Treasure Island Hotel and Casino, which he bought during the financial crisis in 2009 for $775 million, and Casino Miami in Florida. His business interests also include manufacturing through Harper Trucks, the world's largest producer of hand trucks.

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Quick Reads


  • Owner of the Treasure Island Hotel and Casino in Las Vegas.
  • Made a massive profit selling the New Frontier Hotel & Casino for $1.2 billion.
  • Co-owns the Trump International Hotel in Las Vegas with Donald Trump.
  • His business empire also includes convenience stores, hotels, and manufacturing.
  • A college dropout who built his fortune from scratch.

Early Life and Background


Phillip 'Phil' G. Ruffin is an American businessman, the self-made billionaire Owner of Treasure Island Hotel and Casino and the Circus Circus Hotel and Casino in Las Vegas. His career is rooted in retail, hospitality, and strategic real estate acquisition.

Ruffin briefly attended the University of Kansas. His philosophical approach centers on opportunistic acquisition (buying distressed assets), scale management, and long-term asset hold in the essential gaming and hospitality sectors (Las Vegas and the U.S. South). He is a close friend and business partner of Donald Trump.

  • Treasure Island/Circus Circus (Owner): The core private asset, major casino resorts on the Las Vegas Strip and gaming facilities globally.
  • Retail/Industrial Focus: His success is built on scale logistics (former convenience stores) and dominating the integrated casino resort market.
  • Strategic Partner: He is a close personal and business associate of Donald Trump (co-owning the Trump International Hotel Las Vegas).
  • Investment Strategy: His philosophy is rooted in long-term investment in real estate and hospitality infrastructure (buying low in cyclical markets).

Career Journey of Phil Ruffin


Phil Ruffin's strategic genius was his commitment to contrarian asset acquisition. He started his career in retail (owning a chain of convenience stores) and real estate (acquiring Wichita Marriott). His structural contribution is tied to revitalizing and managing major gaming and hospitality assets in Las Vegas and the Bahamas.

His major acquisition was the $746 million purchase of Treasure Island Hotel and Casino from MGM Resorts in 2009 (bought at a discount during the financial crisis). His wealth is secured by the colossal, long-term, stable profitability of the global gaming, hospitality, and real estate sectors.

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Phil Ruffin's Timeline


1970s (approx.):

Founds his first retail/convenience store chain (Founding).

1980s:

Sells his convenience store chain (Major Exit 1).

2009 (March):

Acquires Treasure Island Hotel and Casino for $746 million (Pivotal Acquisition).

2019 (October):

Acquires Circus Circus Hotel and Casino from MGM Resorts for $825 million (Major Acquisition 2).

Ongoing:

Continues as Owner and Executive, guiding the massive hospitality empire (Executive Oversight).

Major Business Ventures and Investments


Phil Ruffin's wealth is concentrated in his controlling ownership of the private hospitality giant, Treasure Island Hotel and Casino and Circus Circus.

  • Treasure Island/Circus Circus (Owner): The core private asset, major casino resorts on the Las Vegas Strip and gaming facilities globally.
  • Retail/Industrial Focus: His success is built on scale logistics (former convenience stores) and dominating the integrated casino resort market.
  • Strategic Partner: He is a close personal and business associate of Donald Trump (co-owning the Trump International Hotel Las Vegas).
  • Investment Strategy: His philosophy is rooted in long-term investment in real estate and hospitality infrastructure (buying low in cyclical markets).

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Philanthropy and Social Impact


Phil Ruffin's social impact is structural, stemming from his casino and resort operations (major employers in Las Vegas and the Bahamas). His companies contribute significantly to tourism and local employment. His personal philanthropy supports various community and educational initiatives (including the Ruffin Foundation).

His structural contribution is tied to the successful monetization and scale of the gaming and resort sector.

Fashion, Style, and Lifestyle


Phil Ruffin maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the high-stakes hospitality sector.

Residing in Las Vegas, Nevada, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, casino management, and real estate acquisition.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Owner of Treasure Island and Circus Circus casinos on the Las Vegas Strip.
  • He bought Treasure Island from MGM Resorts for $746 million in 2009.
  • He is a close friend and business partner of Donald Trump (co-owning the Trump International Hotel).
  • He made his first fortune in retail/convenience stores.
  • He acquired Circus Circus for $825 million in 2019.
  • His wealth is estimated at $2.5 billion (2024 estimate).
  • His philosophy emphasizes opportunistic acquisition and scale management.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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