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Alex Meruelo

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Alex Meruelo

Alex Meruelo (born March 27, 1964) is a Cuban-American billionaire who holds business interests in banking, real estate, media, restaurants, food, casinos, and professional sports. He is the owner of Meruelo Group, as well as Meruelo Media, which owns five radio stations and one television station in Los Angeles.

He is also the owner of Fuji Food, two casinos, the Grand Sierra Resort in Reno, Nevada and the Sahara Las Vegas in Las Vegas. Meruelo was the majority owner of the Arizona Coyotes of the National Hockey League until he sold the team to the league, which then sold the team to Utah Jazz owner Ryan Smith, under an agreement with the NHL that the Coyotes would be temporarily deactivated, with Smith using the Coyotes' non-business properties, including players and staff, to form the Utah Mammoth.

Meruelo forfeited his ownership of the Arizona Coyotes after the Arizona State Land Department canceled an auction for a 110-acre tract of land in north Phoenix. Meruelo was seeking the land for a new arena.

Meruelo was born in New York City. His parents were accountants who fled the Castro regime. His family moved to Los Angeles, California, where they held a bridal shop and invested in local real estate. He also started to invest in real estate at an early age, and eventually sold a plot of land in Riverside to Walmart, making him a millionaire in his early 20s.

Meruelo attended the Don Bosco Technical Institute in Rosemead, California, and received his B.S. from California State University, Long Beach.

Meruelo began his career in his father's tuxedo business. At the age of 23, he decided to open a new type of pizza restaurant catering to Latinos in the US and offering unusual toppings such as chorizo and jalapeños. He bought a failing pizza restaurant and called his new business La Pizza Loca. Within 5 years, La Pizza Loca opened 12 locations and reached $10 million in sales.

Meruelo expanded his business focus, founding the Meruelo Group, which has grown into a construction and real estate development firm. Meruelo Group has ownership of Neal Electric Corp, Select Electric Inc., and Doty Bros within the Southern California area. The group also owns the Commercial Bank of California. which Meruelo co-founded in 2003, television station KWHY, radio stations KLOS, KLLI, KPWR, KDAY and KDEY-FM under the Meruelo Media banner, and the Grand Sierra Resort in Reno, Nevada.

Meruelo purchased food manufacturer and the largest provider and distributor of pre-packaged sushi in the United States Fuji Food in 2009.

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