Instead, Kerkorian has treated the famous studio as he has every other property he's owned -- as a business asset he buys low with the intention of building, but will sell high at the right price.I also like details like this:
So Kerkorian put MGM on the market, and Sony snatched it for $2.9 billion. Kerkorian's team paid $1.3 billion for the studio in 1996; his cut alone from the Sony sale is worth more than $1.7 billion.
(His first marriage lasted 10 years; his second, to a Vegas showgirl, lasted 29 and produced two children, Tracy and Linda, whose names he combined to create his company name -- Tracinda. His charity is called the Lincy Foundation.)