Phil Ruffin
| Phil Ruffin | |
|---|---|
| Born |
Phillip Gene Ruffin March 14, 1935 Potter County, Texas, near Amarillo |
| Residence | Las Vegas, Nevada, U.S. |
| Nationality | United States |
| Occupation | Businessman |
| Net worth | US$2.4 billion (Forbes 2016) |
| Spouse(s) |
Lynne A Ruffin |
| Children |
with Lynne A. Ruffin: --Michelle Ruffin Stein --Chris Ruffin --Phil Ruffin Jr. with Nikolayenko: --Richard William Ruffin --Malena Ruffin |
| Parent(s) | Blanche (née Cohlmia) Ruffin Roy J. Ruffin |
Lynne A Ruffin
Oleksandra Nikolayenko
Phillip Gene "Phil" Ruffin (born March 14, 1935) is an American businessman. His business interests lie largely in casinos, greyhound racing tracks, oil production, convenience stores, and real estate. Ruffin lives in Las Vegas, Nevada. On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.
Ruffin was born in Potter County near Amarillo, Texas, the son of Blanche (née Cohlmia) and Roy J. Ruffin. He is of Lebanese descent (his family's surname was originally "Rufan"). He was raised in Wichita, Kansas. He has four siblings: Elaine Ruffin Nemer, Roy Ruffin, Jr., Pat Ruffin, and Pam Ruffin. In 1953, he graduated from Wichita North High School where he was a wrestling champion. He attended Washburn University for three years and Wichita State University but never got his degree.
In 1972, Ruffin pioneered self-serve gasoline in Kansas, creating a chain of 60 convenience stores in the Midwest. In 1987, he then used cash from the convenience stores to build his first hotel, a Marriott in Wichita. His businesses also included oil distribution and one of the country's largest manufacturers of hand trucks.
In 1994, Ruffin leased his convenience stores to Total, using the money to purchase more hotels. Then, in 1995, Ruffin acquired the Crystal Place casino resort in the Bahamas. Mortgaging the casino, Ruffin then purchased the New Frontier Hotel and Casino.
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