Kerkorian, Kirk

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Name
Kerkorian, Kirk Gender: M
Kerkor Kerkorian
born on 6 June 1917 at 12:00 (= 12:00 noon )
Place Fresno, California, 36n45, 119w46
Timezone PST h8w (is standard time)
Data source
Quoted BC/BR
Rodden Rating AA
Collector: CAH
Astrology data s_su.18.gif s_gemcol.18.gif 15°30' s_mo.18.gif s_capcol.18.gif 02°32 Asc.s_vircol.18.gif 17°34'



Biography

American entrepreneur and former aviator, billionaire owner of the world's largest hotel, MGM Grand in Las Vegas, Nevada and part owner of Chrysler Corporation. Never having finished high school, he was reviewed in Forbes Magazine as the 31st richest man in America.

Kerkorian was the youngest of four children (two brothers, Nishon and Art, one sister Rose) of illiterate Armenian immigrant Ahron Kerkorian, who owned hundreds of acres of orchards and ranch land in the Fresno area. Kirk described his father as "the toughest man I ever knew" and his mother as "very shy, very sweet." Armenian was spoken in the home and patriarch Father Ahron encouraged strong, if not fierce, family values. The Kerkorian family enjoyed the wealth of Ahron's vast land holdings, but poverty hit in 1923 with a series of bad business transactions. With all of his land sold or foreclosed to pay his debts, the bankrupt Ahron regrouped, putting his sons to work and two years later, established a lucrative business as a fruit vendor in the San Fernando Valley. Young Kirk worked selling newspapers, caddying, picking melons, and hauling rocks at MGM studio- a studio he would come to own.

After dropping out of high school, Kerkorian worked at odd jobs while training for a career in boxing. "Rifle Right Kerkorian" had the early ambition of supporting himself and hopefully, earning enough as a professional boxer to purchase an automobile.

A defining moment came in 1939 when a co-worker who took flying lessons finally persuaded the petrified Kerkorian to join him in the cockpit. After his first experience being airborne, he never looked back. His boxing career ended that day and the following morning he returned to the airfield with his life savings to enroll as a student. Two years later he was a civilian flight instructor. By 1943 he was a flight captain for Britain's Royal Air Force in Canada and spent the remaining years of WW II delivering Canadian built mosquito bombers to England. The dangerous job of solo transatlantic flying paid very well and when the war ended, the savvy Kerkorian purchased military surplus Junkers left in remote places, flew them out and sold them.

With his savings of $50,000, Kerkorian purchased the three planes of the Los Angeles Air Service and began ferrying gamblers to Las Vegas, Reno and the race track at Del Mar, California. Plowing his profits into more planes, Kerkorian learned about professional gambling and, by the late 1950's, was known to win and lose $50,00 in a single night.

After buying a jet in 1962, he renamed his company "Trans-International Airlines" and thus began his stellar career as an investor with leveraged buy-outs and stock swaps. He sold Trans-International Airlines in 1969 for $104 million and announced his plans to build the International Hotel in Las Vegas that same year. Purchasing shares in MGM, Columbia and United Artists, he began to leverage one studio against the other throughout the '80s until he became the main owner of MGM studios. In June 1969 he made $104 million selling his aviation stock, using the proceeds to buy into MGM. Building his interest into 51% of MGM/UA, he later sold his interest to Ted Turner for $1.5 billion on 8/06/1985. He used proceeds from his trades to build the colossal MGM Grand in Las Vegas.

Kerkorian is known to be modest and unassuming, who has "ice water in his veins" while conducting his Byzantine business transactions. As a billionaire who has donated over $550 million to charity, he describes himself as "just a poor kid from Fresno who got lucky." The man who discreetly paid Barbra Streisand $20 million to inaugurate the MGM Grand in a New Year's Eve celebration diligently avoids the limelight and has not granted an interview since 1971. Frequently compared to Howard Hughes for his reclusivity and an avid tennis player who runs three miles daily, Kerkorian advises others to "Work like you'll live forever. Play like you'll die tomorrow."

Kerkorian's marriage to Hilda "Peggy" Schmidt on 1/24/1942 ended in divorce 7/27/1951. Three years later he married Las Vegas show girl Jean Maree Hardy, 12/04/1954. Their daughter Tracy was born in 1959 followed by second daughter Linda who was born in the '60s. He legally separated from Hardy in 1981.

On 3/9/1998 he fathered a daughter, Kira, with former tennis pro Lisa Bonder, 32, who lives in Los Angeles, nearby to where Kerkorian keeps his home. He and Lisa were together for ten years before they married - for one month to legitimize their daughter. In January 2002, she filed a request for a raise of child-support from its existing $50,000 a month to $320,000 a month. Kerkorian is listed by Forbes magazine as the 46th richest person in the world so it is a bare fraction of his estimated $6.5 billion but is, nonetheless, a bit excessive. Kerkorian counter sued for an unspecified amount in objection to Lisa's manipulation. Though DNA testing proved that Kira is not his biological child, Kerkorian, 84, adores her and has always played an active role as her dad.

Link to Wikipedia biography

Events

  • Financial : Worst Period 1923 (Family entered poverty)
  • Social : Begin a program of study 1939 (Flight school)
  • Social : End a program of study 1941 (Flight school)
  • Work : New Career 1941 (Civilian flight instructor)
  • Relationship : Marriage 24 January 1942 (First marriage, Hilda "Peggy" Schmidt)
    chart Placidus Equal_H.
  • Social : Joined group 1943 (Flight captain for RAF Canada)
  • Relationship : Divorce dates 27 July 1951 (Hilda "Peggy" Schmidt)
    chart Placidus Equal_H.
  • Relationship : Marriage 4 December 1954 (Second marriage, Jean Maree Hardy)
    chart Placidus Equal_H.
  • Family : Change in family responsibilities 1959 (Daughter born)
  • Financial : Buy/Sell Property 1962 (Purchased jet)
  • Financial : Buy/Sell Property June 1969 (Sold Trans-International Airlines)
    chart Placidus Equal_H.
  • Relationship : End significant relationship 1981 (Legally separated from Jean Maree Hardy)
  • Financial : Buy/Sell Property 6 August 1985 (Sold $1.5 billion interest in MGM/UA)
    chart Placidus Equal_H.
  • Family : Change in family responsibilities 9 March 1998 (Daughter Kira born)
    chart Placidus Equal_H.
  • Financial : Lose significant money 2000 (Donated $250 million to the Lincy Foundation)
  • Financial : Lose significant money January 2002 (Lisa ask for $320thou a month child support)
    chart Placidus Equal_H.

Source Notes

Contemporary American Horoscopes, Gauquelin Book of American Charts

Categories

  • Traits : Personality : Private (Modest)
  • Family : Childhood : Advantaged (Wealthy family)
  • Family : Childhood : Order of birth (Fourth of four)
  • Family : Relationship : Marriage more than 15 Yrs (Second marriage, 27 years)
  • Family : Relationship : Marriage less than 3 Yrs (Third marriage one month)
  • Family : Relationship : Mate - Age difference more than 15 yrs (Third wife 48 years younger)
  • Family : Relationship : Number of Divorces (Two)
  • Family : Relationship : Number of Marriages (Three)
  • Family : Parenting : Kids 1-3 (Three)
  • Lifestyle : Work : Stressful work
  • Lifestyle : Financial : Gambler
  • Lifestyle : Financial : Invest/ Stocks, Bonds (Buy-outs, stock swaps)
  • Lifestyle : Financial : Philanthropist ($500 million to charity)
  • Lifestyle : Financial : Wealthy (46th richest in world, $6.5 billion)
  • Lifestyle : Social Life : Outdoors (Running)
  • Lifestyle : Social Life : Sports (Tennis)
  • Vocation : Business : Business owner (MGM Grand Hotel, Chrysler Corp, TIA)
  • Vocation : Business : Entrepreneur
  • Vocation : Business : Middle Management (Owner of several large enterprises)
  • Vocation : Education : Teacher (Flight instructor)
  • Vocation : Military : Military service (RAF Canada)
  • Vocation : Sports : Boxing (Trained for career in boxing)
  • Vocation : Travel : Pilot/ military (RAF Canada)
  • Vocation : Travel : Pilot/ private
  • Notable : Famous : Top 5% of Profession

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