Stevens, who co-owns these properties with his brother, opened Circa in October 2020 at a cost of $1 billion. It was the first new casino in Downtown Las Vegas since the 1980s.

Born in Grosse Point, Michigan, Stevens is also the CEO of Cold Heading Co., a leading manufacturer and supplier of fasteners for the auto industry that his family started in the early 1900s.

Stevens first bought 50% of The Golden Gate on Fremont Street, which opened in 1906 as Sin City's first hotel and casino. A few years later, he bought the rest.

In 2011, Stevens bought Fitzgerald's, an Irish-themed casino, and completed a 36-story renovation and renamed it The D.

Stevens also owns Circa Sports, a sports betting company that is live across seven states.

Financial Assets

Financial assets information not available.

The Great Lie of Mega-Fortunes: The Case of Derek Stevens

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Derek Stevens, linked to Gambling & Casinos and 'Casinos', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 9 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.6 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

📖 Read our manifesto and discover the real problem of unlimited wealth