What is the Updated Net Worth of Derek Stevens in 2024?
Derek Stevens is an American businessman known for owning several hotel-casinos in Las Vegas.
The updated net worth of Derek Stevens in 2024 is $60 million. Moreover, Derek’s annual income is around $3 million.
The majority of Derek’s income comes from his casino business. Apart from this, he also receives a hefty salary for working as CEO of Cold Heading Company, which also contributes to his overall wealth.
| Name | Derek Stevens |
| Profession | Businessman |
| Net Worth (2024) | $60 Million |
| Source of Income | Casino Business and Salary from Cold Heading Company |
| Annual Income | $3 Million |
| Last Updated | 2024 |
Derek Stevens Early Life
He was born on September 17, 1967, in Detroit, Michigan. His mother, Betty, was a high school teacher, and his father, John Stevens, was an architect.
Additionally, his grandfather, Rene DeSeranno, is the founder of the Cold Heading Company. He also has a younger brother named Greg.
Derek has attended the Grosse Pointe South High School. In school, he used to play baseball and football. After finishing school, he graduated from the University of Michigan.
Later, he also earned a Master of Business Administration degree in finance from Wayne State University.
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Derek Stevens Career
Cold Heading Company
Initially, Derek wanted to be an engineer, but after spending time in Ann Arbor, he decided to try his hand at business.
For the initial three years of his career, he worked as a valet along the Detroit River. In 1993, Derek took the position of CEO in his grandfather’s Cold Heading Company. Initially, he took this position temporarily when the previous CEO stepped down.
But then he remained in that position for decades and even currently he is the CEO of that company. The company mainly deals in manufacturing nuts and bolts for auto companies.
In 1998, the company added its second plant in Indiana. Later, they also expanded their operations to Ohio. Moreover, in 1999, the company purchased a manufacturer of fasteners.
Casino Business
In the 1990s, Derek started investing in gaming companies by buying stocks of International Game Technology and the Rio hotel-casino.
In 2008, he and his brother Greg became the owners of the Golden Gate Hotel and Casino in downtown Las Vegas. However, it took them 18 months to receive a gaming license.
In 2011, he and his brother purchased another hotel-casino, Fitzgeralds, in downtown Las Vegas, which they later re-branded as The D Las Vegas.
Moreover, in 2014, Derek became the first Las Vegas hotel-casino owner to accept Bitcoin as a currency for non-gaming purchases.
In 2015, they purchased the Las Vegas Club, and then the next year, they bought the Mermaids Casino and Glitter Gulch strip club.
All three buildings were demolished to build the Circa Resort & Casino on that property. Circa was the biggest project of Derek’s career as it was the first hotel-casino to be built in the downtown area. The Circa Resort & Casino opened to the public in 2020.
In 2019, Derek also launched Circa Sports, a chain of local sportsbooks. In the casino world, he is known for placing high bets on sports games and for his marketing promotions.
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Derek Stevens Personal Life
Derek is married, and his wife’s name is Nicole Parthum. He met her during first grade. The couple is happily married and has three children together.
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Derek Stevens Social Media
- Instagram: 8.2K Followers (@derekjstevens)
- Twitter: 36.5K Followers (@DerekJStevens)
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