Derek Stevens’ Las Vegas Net Worth: A Closer Look

Derek Stevens is a Las Vegas businessman and casino owner who has amassed a net worth of over $1 billion. He is the founder and CEO of the Derek Stevens Companies, which owns and operates several casinos and hotels in Las Vegas, including the Golden Gate Hotel & Casino, The D Las Vegas, and the Circa Resort & Casino.

Stevens was born in Las Vegas in 1967. He attended the University of Nevada, Las Vegas, where he studied business. After graduating, he worked for several casinos in Las Vegas before starting his own business in 2005.

The Derek Stevens Companies has grown rapidly over the past decade, and Stevens is now one of the most successful casino owners in Las Vegas. He is known for his innovative marketing strategies and his commitment to customer service.

In addition to his business ventures, Stevens is also a philanthropist. He has donated millions of dollars to charities in Las Vegas, and he is also a strong advocate for education.

Stevens is a major force in the Las Vegas business community, and he is an inspiration to entrepreneurs everywhere. He is a true success story, and his story is one of hard work, dedication, and perseverance.

Year	Net Worth (USD)	Source
2023	$1.8 billion	Forbes
2022	$1.6 billion	Forbes
2021	$1.4 billion	Forbes

Derek Stevens’ Background

Early life and education

Derek Stevens was born in Las Vegas, Nevada, in 1970. He is the son of casino magnate Steve Stevens. Stevens attended the University of Nevada, Las Vegas, where he studied business.

Career in business and gaming

After graduating from college, Stevens began working in the gaming industry. He held various positions at his father’s casinos, including vice president of marketing and operations. In 2007, Stevens co-founded the Downtown Project, a real estate development company that has revitalized the downtown Las Vegas area.

In 2014, Stevens purchased the Golden Gate Hotel and Casino in downtown Las Vegas. He has since invested heavily in the property, renovating the casino and adding new amenities. The Golden Gate Hotel and Casino is now one of the most popular casinos in downtown Las Vegas.

In addition to his work in the gaming industry, Stevens is also a successful businessman. He owns several other businesses, including a restaurant, a nightclub, and a real estate development company.

Personal life

Stevens is married and has two children. He is a member of the board of directors of the Las Vegas Chamber of Commerce and the Nevada State Gaming Control Board. He is also a philanthropist, and he has donated millions of dollars to charity.

Derek Stevens’ Net Worth

Derek Stevens’ net worth is estimated to be $1.5 billion. His wealth is derived from his various business interests, including his casinos, restaurants, and real estate development company. Stevens is also a successful investor, and he has made several profitable investments in the stock market.

Sources of income

Derek Stevens’ net worth is derived from the following sources of income:

• Casinos: Stevens owns several casinos, including the Golden Gate Hotel and Casino in downtown Las Vegas. The casinos generate revenue from gaming, food and beverage, and hotel rooms.
• Restaurants: Stevens owns several restaurants, including the El Dorado Cantina in downtown Las Vegas. The restaurants generate revenue from food and beverage sales.
• Real estate development: Stevens owns a real estate development company that has developed several projects in downtown Las Vegas. The company generates revenue from the sale of real estate.
• Investments: Stevens has made several profitable investments in the stock market. These investments have generated significant returns.

Investments

Derek Stevens has made several profitable investments in the stock market. These investments include:

• Wynn Resorts: Stevens owns a significant stake in Wynn Resorts, a casino company that owns and operates several casinos in Las Vegas. The stock price of Wynn Resorts has increased significantly in recent years, and Stevens has made a substantial profit on his investment.
• Las Vegas Sands: Stevens owns a significant stake in Las Vegas Sands, a casino company that owns and operates several casinos in Las Vegas. The stock price of Las Vegas Sands has also increased significantly in recent years, and Stevens has made a substantial profit on his investment.
• MGM Resorts International: Stevens owns a significant stake in MGM Resorts International, a casino company that owns and operates several casinos in Las Vegas. The stock price of MGM Resorts International has also increased significantly in recent years, and Stevens has made a substantial profit on his investment.

Philanthropy

Derek Stevens is a philanthropist, and he has donated millions of dollars to charity. He has donated to a variety of causes, including education, healthcare, and the arts. Stevens is also a supporter of the Las Vegas community, and he has donated money to several local organizations.

Derek Stevens is a successful businessman and philanthropist. He has built a successful career in the gaming industry, and he has also made a number of profitable investments in the stock market. Stevens is a generous philanthropist, and he has donated millions of dollars to charity. He is a valuable asset to the Las Vegas community.

Derek Stevens’ Las Vegas Properties

Derek Stevens is a Las Vegas-based businessman who has owned and operated several casinos and hotels in the city. His properties include The Cosmopolitan of Las Vegas, The D Las Vegas, The Golden Nugget Las Vegas, and Circa Las Vegas.

The Cosmopolitan of Las Vegas

The Cosmopolitan of Las Vegas is a luxury resort and casino located on the Las Vegas Strip. It was originally developed by Deutsche Bank and opened in 2010. In 2014, Derek Stevens purchased a majority stake in the property for $1.7 billion.

The Cosmopolitan of Las Vegas is home to a variety of restaurants, bars, and nightclubs, as well as a spa, a casino, and a rooftop pool. It is also home to the Chandelier, a 40-story glass observation tower that offers stunning views of the Las Vegas Strip.

The D Las Vegas

The D Las Vegas is a casino and hotel located on the Fremont Street Experience in downtown Las Vegas. It was originally built in 1955 as the Fremont Hotel and Casino. In 2007, Derek Stevens purchased the property and renamed it The D Las Vegas.

The D Las Vegas is known for its retro atmosphere and its affordable prices. It is home to a variety of restaurants, bars, and nightclubs, as well as a casino and a rooftop pool.

The Golden Nugget Las Vegas

The Golden Nugget Las Vegas is a casino and hotel located on the Las Vegas Strip. It was originally built in 1946 as the Golden Nugget Hotel and Casino. In 2005, Derek Stevens purchased the property and invested $150 million in renovations.

The Golden Nugget Las Vegas is home to a variety of restaurants, bars, and nightclubs, as well as a casino, a spa, and a rooftop pool. It is also home to the Shark Reef Aquarium, which is one of the largest aquariums in the world.

Circa Las Vegas

Circa Las Vegas is a casino and hotel located on the Las Vegas Strip. It was originally built in 1971 as the Las Vegas Hilton. In 2017, Derek Stevens purchased the property and renamed it Circa Las Vegas.

Circa Las Vegas is home to a variety of restaurants, bars, and nightclubs, as well as a casino, a spa, and a rooftop pool. It is also home to the Circa Sportsbook, which is one of the largest sportsbooks in the world.

Derek Stevens’ Impact on Las Vegas

Derek Stevens has had a significant impact on Las Vegas. His properties have helped to revitalize the downtown area and the Las Vegas Strip. He has also been a strong advocate for the gaming industry and has helped to attract new businesses to the city.

Economic impact

Derek Stevens’ properties have generated billions of dollars in revenue for Las Vegas. The Cosmopolitan of Las Vegas alone generates over $1 billion in annual revenue. His properties have also created thousands of jobs for Las Vegas residents.

Cultural impact

Derek Stevens’ properties have helped to revitalize the downtown area and the Las Vegas Strip. The Cosmopolitan of Las Vegas has brought a new level of luxury to the Las Vegas Strip, while The D Las Vegas has helped to revitalize downtown Las Vegas.

Political impact

Derek Stevens has been a strong advocate for the gaming industry. He has testified before Congress on behalf of the gaming industry and has worked to promote the interests of the gaming industry in Nevada. He has also been a vocal opponent of efforts to legalize online gambling in the United States.

Derek Stevens is a Las Vegas-based businessman who has had a significant impact on the city. His properties have helped to revitalize the downtown area and the Las Vegas Strip, and he has been a strong advocate for the gaming industry. He is a major figure in Las Vegas and is likely to continue to play a role in the city’s future.

Q: What is Derek Stevens’ net worth?

A: As of 2023, Derek Stevens’ net worth is estimated to be $2.5 billion.

Q: How did Derek Stevens make his money?

A: Derek Stevens made his money through a variety of business ventures, including real estate development, gaming, and hospitality.

Q: What are some of Derek Stevens’ most notable business ventures?

A: Some of Derek Stevens’ most notable business ventures include the Hard Rock Hotel & Casino in Las Vegas, the D Las Vegas, and the Golden Nugget Las Vegas.

Q: What is Derek Stevens’ role in the Las Vegas community?

A: Derek Stevens is a major contributor to the Las Vegas community. He has donated millions of dollars to local charities and organizations, and he is committed to improving the city.

Q: What are some of Derek Stevens’ philanthropic endeavors?

A: Derek Stevens has donated millions of dollars to local charities and organizations, including the Las Vegas Rescue Mission, the Make-A-Wish Foundation, and the United Way. He is also a founding member of the Las Vegas Global Economic Alliance, a nonprofit organization that promotes economic development in the city.

Q: What is Derek Stevens’ legacy?

A: Derek Stevens is a visionary entrepreneur who has made a significant impact on the Las Vegas community. He is a role model for others and his legacy will continue to inspire for years to come.

Derek Stevens is a successful businessman who has made a name for himself in the Las Vegas gaming industry. He is the founder and CEO of the Derek Stevens Companies, which owns and operates several casinos and hotels in Las Vegas. Stevens is also a major philanthropist, and he has donated millions of dollars to charitable causes. He is a true Las Vegas success story, and his net worth is estimated to be $3.5 billion.