In May, Forbes magazine estimated Kerkorian's wealth at $4.2 billion after taking a hit on his investments in 2008, when the magazine said he was worth $16 billion. In his youth he was known as "Rifle Right Kerkorian" for his punching power as a small-time boxer and he would become an enduring American business heavyweight with a knack for placing winning bets in the corporate world. Kerkorian had little formal education and dropped out of school at age 16. Kerkorian, who was the largest shareholder in MGM Resorts International, died on Monday night in Los Angeles following a brief illness, the Las Vegas Review-Journal said. ![]() Kirk Kerkorian, the son of poor Armenian immigrants who used his gambler's instincts to became a multibillionaire Las Vegas casino tycoon, Hollywood mogul, airline owner and auto industry investor, died at age 98, according to media reports on Tuesday.
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