#2003

Manuel Lao Hernández & family

Spain 82 years old Self-Made

Overview

Source of Wealth
Casinos
Residence
Matadepera
Marital Status
Married
Children
3

Assets

  • Healthcare Activos
    16,698,000 shares @ -
    -
    -
  • Merlin Properties
    46,000,000 shares @ -
    -
    MRL-ES
  • Merlin Properties
    -11,500,000 shares @ -
    -
    MRL-ES
  • Sacyr S.A.
    40,240,000 shares @ -
    -
    SCYR-ES

Biography

Manuel Lao Hernandez founded Cirsa, a multinational casino company. He sold it to Blackstone for an estimated $2.6 billion (including debt) in 2018.

He started the business in 1978 and expanded it to nine countries in Latin America and Europe. He still owns Cirsa's Argentina operations.

His three children all worked for the family business, which was based just outside of Barcelona.

Today, through his Nortia investment firm, Lao Hernandez has interests in infrastructure, real estate and leisure and entertainment.

About

As a hobby, Lao Hernandez grows bonsai trees.

He has a foundation named after him that has organized a poker tournament in which people with disabilities compete to have a wish fulfilled.