Admit it or not, making money is a hard task. However, several people in the world have made great fortunes with their hard work. One of them is Don Laughlin. He is not a celebrity, but he is very well known around the USA as a bilionar. Don Laughlin has a net worth of around 1 billion USD.
You might have known him as the founder and owner of Riverside Resort Hotel & Casino. He is a famous gambling entrepreneur, rancher, and hotelier. This post will talk about Don Laughlin’s career, net worth, early life, and more.
So if you are ready, then let’s begin…
Don Laughlin – Net Worth
If you are already familiar with Don Laughlin, you will also know that he is a very wealthy person. He has been working his whole life. Don has amassed a lot of fortune from various ventures. He has many hotels, real estate, gambling ventures, and entertainment centers across the USA.
Although he started from nothing, he has a net worth of around 1 billion USD at the moment of writing this post. In addition, he is known for his philanthropic activities.
Don Laughlin was born on May 4, 1931. That means he is now 90 years of age. You can also tell that he is a Taurus. His father was Raymond Laughlin Patrick, and his mother was Olive Gladys Benalleck. He was born in Owatonna, Minnesota, U.S.A. Since his childhood, he was a hard-working person.
You will be amazed to know that Don Laughlin didn’t even study in College or University. As a matter of fact, he didn’t even complete his high school education. While in high school, Don worked as a fur trapper in the winter season.
With his profits from that job, he bought a few slot machines. And then he used to earn money from those slots. Reportedly, he was earning 500 USD per week from those slot machines. But, he was paying no attention to his classes at that moment.
Due to that, his principal warned him and given an ultimatum. The teacher said that he needs to choose between the school and the slot machines. Although, as you can see, he was earning more than 3 times than his teacher, he decided to quit school.
Don Laughlin might not have completed his formal education. But he has a very successful career. Primarily, he is a gambling entrepreneur. Along with that, he is also a rancher and hotelier. He was born and raised in Minnesota.
However, he moved to Las Vegas, Nevada, back in the 1950s. At that moment, he also bought his first casino named the ‘101 Club’. After a few years, he sold that casino back in 1964 as well. Interestingly, in the same year, Don was flying on his private plane over the tri-state area near the Colorado River.
During that flight, he saw the area from a different angle. And he envisioned that this place could be a great resort and tourist destination. Thinking about that, he soon bought a shuttered riverfront motel with 8 rooms on 6.5 acres for about 250 000 USD.
It is reported that the landowner had several other offers. However, he sold it to Don as he had prior experience with the casino. Within a couple of years, the Riverside Resort was full of visitors. In 1972, the Riverside Resort Hotel & Casino went into a major expansion.
They have added 48 rooms. Similarly, 52 more new rooms were added back in 1975. Then, in 1983, they added a 14-story casino/hotel tower that added 253 more rooms. Then, after a few years, a 2nd 14-floor tower was added with new 307 rooms.
That is not all. Later in 1994, they have added 800 new rooms. In 1999, they also constructed a bowling center in the hotel. So, since the beginning, he has been managing the Riverside Resort Hotel & Casino. And he is still doing it. His business is totally family-owned. So, a lot of his cousins also are working under his supervision.
|Real Name||Donald Joseph Laughlin|
|Birth Date||May 4, 1931|
|Age||90 Years as of 2021|
|Birth Place||Owatonna, Minnesota, U.S.A|
|Profession||Gambling Entrepreneur, Hotelier, Businessman|
|Height||in feet inches – 5’ 7” – in Centimeters – 170 cm|
|Weight||in Kilograms – 60 kg – in Pounds – 132 lbs.|
|Chest Size||Not Known|
|Waist Size||Not Known|
|Biceps Size||Not Known|
|Shoe Size||Not Known|
|Father||Raymond Laughlin Patrick|
|Mother||Olive Gladys Benalleck|
|Sister||Patricia Mary Laughlin|
|Brother||Raymond P. Miller|
|What is Don Laughlin’s Marital Status?||Married|
|Is he Having any Relationship Affairs?||No|
|Is he Gay?||No|
|Who is Don Laughlin’s wife?||Elizabeth Laughlin|
|How many children does Don Laughlin have?||3 Children (1 Daughter and 2 Son)|
Don Laughlin – Personal Life
Despite being benign a billionaire, Don Laughlin is a down-to-earth person. He was one of the first persons to shape today’s southern Nevada. In addition, he is widely known for his philanthropic acts. For instance, he has helped in the construction of a bridge over the Colorado River. This bridge connected Arizona Highways 95 & 68 with Nevada Highway 163.
On top of that, Don Laughlin also helped to expand the Laughlin-Bullhead International Airport. As a result, the airport is capable of accepting full-sized commercial airliners. Normally, Don travels in his private helicopter in his free time.
Usually, he moves back and forth between his penthouse suite at the top of the Riverside Resort Hotel & Casino and his cattle ranch in the Kingman area. Sometimes, he also visits his hometown in his private helicopter. He is married to Elizabeth Laughlin. They have 3 children. They are Dan Laughlin, Erin Laughlin, and Ron Laughlin.
- Don didn’t complete his education. He dropped out when he was in school
- He was earning $500 per week while he was in school
- His penthouse suite is at the top of the Riverside
- He participates in the Steele County Free Fair
- Don has helped in the construction of the bridge over the Colorado River
- He has also helped in expanding the Laughlin-Bullhead International Airport
- The town of Laughlin, Nevada, is named after him
Final Lines on Don Laughlin Career, Net Worth and Life
Don Laughlin is a billionaire. He is a self-proclaimed workaholic. And, it is really true. Because at the age of 90, he is still managing all of his businesses. He could easily retire. Don Laughlin has a net worth of around 1 billion USD at the moment.
But he loves working. We can learn a lot from such people about work ethics. By knowing Don’s life story, you can see that hard work pays off.
Also, you can see that he has a great eye for business. Otherwise, he could not earn 500 USD per week back when he was still a high school student. So, all in all, we believe this post helped you know many new things about Don Laughlin.
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