What is Manuel Lao Hernandez's Net Worth?
Manuel Lao Hernandez is a Spanish entrepreneur who has a net worth of $2.2 billion. Manuel Lao Hernandez entered the billionaire circles for the first time in 2014. He accumulated his vast fortune thanks to Cirsa, which is Spain's largest casino corporation. What was set up in 1978 as a small gaming company now operates in nine countries in Latin America and Europe.
According to 2013 estimates, the company grossed more than $2.5 billion (1.8 billion euros) in revenue. The empire, which was at one point 100% owned by Hernandez, also holds interests in amusement arcades, casinos and hotels around the globe. Manuel Lao Hernandez sold the company to private equity firm The Blackstone Group in 2018.
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