American businessman Phillip Ruffin comes with an estimated net worth of $2.5 billion as of March 2013 according to Forbes.
Phillip Ruffin Net Worth $2.5 Billion
He is well known to pioneer self-serve gasoline stations in 1972 in Kansas. Over time, he was able to establish a cha in of 60 convenience stores. From his revenues in convenience stores, he built his first hotel in 1987. He is known to own bought New Frontier Hotel and Casino which he afterwards sold to El Ad Properties in 2007. In March 20, 2009, he got the entire ownership of the hotel and casino resort Treasure Island Hotel and Casino from MGM-Mirage. The property was worth $600 million in cash and secured notes amounting to $175 million. The Hotel Group office which he possesses currently manages 13 resorts below the brands Fairfield Inn,Courtyard by Marriott and Marriott Hotels operating in Texas, Alabama, California, Kansas and Oklahoma. Phillip Ruffin also runs and owns Angelus Production, which specializes in manufacturing steel hand trucks, andHarper Trucks which is regarded as the biggest manufacturer and producer of hand trucks in the world.