Billion Dollar Buyer Tilman Fertitta Buys the Houston Rockets

The Landry's CEO paid a record amount for the NBA team.

By Katharine Shilcutt September 5, 2017

In the aftermath of Hurricane Harvey, Landry's CEO and noted Billion Dollar Buyer Tilman Ferttita donated $1 million towards recovery efforts through the Landry's Hurricane Relief Fund. But that's a drop in the bucket compared to what Fertitta just paid to purchase the Houston Rockets.

According to Mark Berman at Fox 26, which first broke the news, Fertitta has purchased the basketball team from Les Alexander for a record $2.2 billion. Prior to this, the most money ponied up for an NBA team was $2 million in 2014, when Microsoft CEO Steve Ballmer purchased the Los Angeles Clippers.

In a statement, Fertitta said: "I am truly honored to have been chosen as the next owner of the Houston Rockets. This is a life-long dream come true."

For those who may be wondering about the timing of the news, released this morning as the Gulf Coast is still in serious recovery mode, the Houston Rockets noted in a press release: "This process started back in July, and it is truly unfortunate that this announcement is occurring amidst the aftermath of one of the biggest tragedies in the history of our great city."

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