american gaming
One of the true great people of the entertainment industry is dead. Merv Griffin, 82, has died. A hilarious, brilliant, and truly decent person, Griffin showed what one person could achieve while staying true to form. He was one of the greats.
Griffin’s empire left behind was built from gameshows “Jeopardy” and “Wheel of Fortune”. Griffin took the money he made from a sale of the series rights and bought the Beverly Hills Hilton. From there came a series of spectacular busines sales in the Hotel industry placing him in the Forbes list of riches people in America.
Sadly, you would think that AP could proofread his obituary before releasing it. It is Merv Griffin that has died, folks, not Carot Top. Says AP:
But his biggest break financially came from inventing and producing “Jeopardy” in the 1960s and “Wheel of Fortune” in the 1970s. After they had become the hottest game shows in television, Griffin sold the rights to Coca-Cola for $250 million in 1986, retaining a share of the profits.
After they became the hottest game shows in television, Griffin sold the rights to them to the Columbia Pictures Television Unit for $250 million, retaining a share of the profits. He started spreading the sale money around in treasury bonds, stocks and other investments.
He made Forbes’ list of richest Americans several times and started putting money in treasury bonds, stocks and other investments. But he went into real estate and other ventures because “I was never so bored in my life.”
Griffin is survived by one son, Anthony. Griffin died from prostate cancer.
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