Alex Meruelo

Alex Meruelo is a Cuban-American billionaire with diverse business interests across multiple industries. He is the founder and CEO of Meruelo Group, a private investment firm based in Downey, California. The firm has a diverse portfolio that includes real estate, media, hospitality, food services, financial services, construction, gaming, and sports. Meruelo Group owns the Grand Sierra Resort in Reno, Nevada, and the Sahara Las Vegas Hotel and Casino. Additionally, it holds a stake in Fuji Food Products, a national food manufacturing company, and operates several television and radio stations in Southern California under Meruelo Media.

Meruelo's investment strategy focuses on growth, buyouts, turnarounds, and distressed assets, primarily in the United States and Spain. His approach emphasizes innovation, community engagement, and delivering lasting value. He has been involved in various sectors, including real estate development, media, hospitality, and sports, demonstrating a commitment to fostering opportunities and driving progress across industries. His leadership has been instrumental in revitalizing properties and businesses, contributing to the economic development of the regions where his investments are located.

Throughout his career, Meruelo has been recognized for his entrepreneurial spirit and dedication to community involvement. He became the first Hispanic majority owner in the history of the National Hockey League when he acquired the Arizona Coyotes in 2019. However, in 2024, he sold the team after plans for a new arena in Arizona were canceled. Meruelo continues to lead Meruelo Group, focusing on expanding its portfolio and supporting the growth of its affiliated companies across various sectors, while maintaining a strong commitment to community engagement and philanthropic efforts.