Derek Stevens Net Worth (2026): Massive Vegas Assets Revealed
Derek Stevens’ net worth is about $1.25 billion in 2026, and almost all of it sits in private casino holdings. He is the CEO of Circa Resort & Casino, The D Las Vegas, and Golden Gate Hotel & Casino in Downtown Las Vegas, which he co owns with his brother Greg. Stevens, a Michigan native, also runs his family’s auto fastener company, Cold Heading Co.
This page shows what his fortune is made of, why online numbers differ, and what we know about each business. Every figure comes from a named source, and we mark anything we can’t verify as an estimate.
Quick Facts
| Detail | Info |
| Full name | Derek Stevens |
| Net worth (2026) | $1.25 billion, estimated (Forbes via WealthRank, Oct 6, 2026) |
| Age | 59 |
| Residence | Las Vegas, Nevada |
| Hometown | Grosse Pointe, Michigan |
| Main businesses | Circa Resort & Casino, The D Las Vegas, Golden Gate Hotel & Casino, Circa Sports |
| Family business | Cold Heading Co. (CEO) |
| Co owner | Brother Greg Stevens |
| World rank | #2,986 (WealthRank), #2,984 (Iconic Billionaires) |
| U.S. rank | #906 of 996 U.S. billionaires (WealthRank) |
Rankings change daily, so treat them as a snapshot.
Who Is Derek Stevens? Early Life and Background
Derek Stevens grew up in Grosse Pointe, Michigan. He earned his undergraduate degree at the University of Michigan and an MBA at Wayne State University, according to Hour Detroit. During his MBA, he lived downtown at the Riverfront Apartments and often stopped at American Coney Island, a place that shows up again later in his story.
Business ran in the family. Cold Heading Co., based in Warren, Michigan, makes fasteners for the auto industry, and Iconic Billionaires says his family started it in the early 1900s. Stevens became its CEO and also managed the family’s investment portfolio.
That second job changed his path. He wanted the portfolio in a state with no income tax, so he moved it to Nevada, a state he had always liked. He also described himself as an operator who loves running businesses and growing teams, so he looked for a Las Vegas industry he would enjoy. His first casino investment came in 2006.
The auto parts world also taught him a rule: do not borrow too much. A slow market might last a month or two and a half years, he told Hour Detroit, so a company needs a balance sheet that can wait it out.
Career Timeline and Key Milestones
Early Casino Years: Golden Gate and The D
Stevens made his first casino investment in 2006, in the Golden Gate on Fremont Street, per Hour Detroit. Vegas Legal Magazine says he got his gaming license in 2008 and bought the property with his brother Greg. Iconic Billionaires adds that he bought 50% first and the rest a few years later. The Golden Gate opened in 1906 as the city’s first hotel and casino, and Vegas Legal Magazine says the brothers have renovated it four times.
In 2011, he bought Fitzgerald’s, an Irish themed casino, and renamed it The D Las Vegas after a 36 story renovation, per Iconic Billionaires. The name honors his first initial and his hometown’s nickname.
Breakthrough: Circa
Circa Resort & Casino
Circa opened in October 2020 for $1 billion. Iconic Billionaires calls it the first new casino in Downtown Las Vegas since the 1980s. Hour Detroit reports that most of the design was done by the end of 2018, with construction in 2019 and 2020.
The timing was hard. Stevens shut his other casinos on March 18 and reopened them in June, and he said that experience showed his team how to run Circa safely. The resort has Stadium Swim, a rooftop pool complex with six pools, and a three story sportsbook billed as the world’s largest.
Circa Sports
Circa Sports is his betting company, live in seven states, per Iconic Billionaires. Stevens told Hour Detroit that phone apps will carry much of the betting, but a great sportsbook in person still draws fans to Las Vegas.
Recent Years
Vegas Legal Magazine reports a $21 million expansion that filled four empty floors inside Circa. His company has also leased land at Symphony Park to support the Cello Towers project. Stevens said it is too early to name the long term plan for that site.
Derek Stevens Net Worth: What the $1.25 Billion Is Made Of
No source we reviewed publishes Stevens’ income or a profit split, because his businesses are private. This table shows each source of his wealth and what is known.
| Source | What it is | Disclosed figure |
| Casino operations | Circa, The D, Golden Gate Hotel & Casino | Not disclosed |
| Circa Sports | Sportsbook in seven states | Not disclosed |
| Cold Heading Co. | Family fastener supplier, Warren, Michigan | Not disclosed |
| Land and development | Symphony Park lease | Not disclosed |
| Total | Private holdings (WealthRank) | About $1.2 billion of $1.25 billion, estimated |
Casino Operations
This is the core of the fortune. Stevens co owns all three casinos with Greg, and Iconic Billionaires calls him CEO and majority owner. No profit figure for any single property is published, so his share stays an estimate.
Circa Sports
The betting company is a separate business from the casino floors. It runs in seven states, but its profit is not broken out anywhere we looked.
Cold Heading Co.
Stevens is CEO of the family fastener maker. Its revenue, and how it compares in size to the casinos, is not disclosed in these sources.
Land and Development
The Symphony Park lease supports the Cello Towers project, per Vegas Legal Magazine. The terms are not disclosed.
His own words show how the business is financed. Stevens told Hour Detroit that while building Circa, he planned for a shock like 9/11, and that this is why the company has a disproportionate amount of equity. So his wealth sits in ownership of a few properties, not in cash or stock.
What about a salary? No figure appears in any source we reviewed. As a private owner, Stevens earns through profit and ownership, not a reported paycheck.
Why Online Estimates Differ
Iconic Billionaires lists $1.2 billion as of May 4, 2026, and does not name its source. WealthRank shows $1.25 billion in its detail and rounds it up to $1.3 billion in its headline. The gap comes from dates and rounding.
Our method: his businesses are privately held, so there are no public filings to check against. We use the Forbes real time figure as the baseline and label it an estimate. Other sites show far lower and higher numbers with no method or source, so we do not use them.
Assets and Lifestyle: Casinos and Business Holdings
| Asset | Detail |
| Circa Resort & Casino | Opened October 2020, $1 billion build |
| The D Las Vegas | Bought as Fitzgerald’s in 2011 |
| Golden Gate Hotel & Casino | Opened in 1906, renovated four times |
| Circa Sports | Betting company, seven states |
| Cold Heading Co. | Family fastener maker, Warren, Michigan |
| Symphony Park land lease | Tied to the Cello Towers project |
No source we reviewed lists his homes, cars, or other personal assets, so we do not guess at them.
What the sources do show is how much of Michigan he brought to Las Vegas. American Coney Island, run by his friends Chris Sotiropoulos and Grace Keros, operates at The D, and the pair created Victory Burger & Wings Co. for Circa. Joe Vicari’s Andiamo Italian Steakhouse is also at The D. Circa has Saginaw’s Delicatessen, run by Paul Saginaw, co founder of Zingerman’s, and the Overhang Bar, inspired by the overhang seats at Tiger Stadium. In the lobby, the old Vegas Vickie neon cowgirl glows again.
How Much Is Derek Stevens Worth in 2026?
WealthRank, which tracks the Forbes real time billionaires list, put Stevens at $1.25 billion on October 6, 2026. That ranks him #2,986 in the world and #906 in the United States. WealthRank lists 99.9% of his wealth, about $1.2 billion, as private holdings, so there is no stock price to follow. It has logged 262 daily snapshots since January 17, 2026, and his figure stayed flat in all of them. His rank did not: it slipped from #2,817 to #2,986 over the same period, with a best of #2,805 on March 4.
Derek Stevens vs Miriam Adelson & Family: Net Worth Comparison
| Name | Net Worth | Profession | Primary Income Source |
| Derek Stevens | $1.25 billion | Casino owner and CEO | Equity in Circa, The D, Golden Gate Hotel & Casino |
| Miriam Adelson & family | $30.37 billion | Gambling & casinos billionaire | Gambling & casinos holdings (WealthRank industry listing) |
Both sit in WealthRank’s Gambling & Casinos group, which has 23 billionaires worth $113.0 billion combined, an average of $4.9 billion. WealthRank ranks Adelson #76 in the world, and Stevens #2,986, so her figure is roughly 24 times his. Stevens sits about 75% below the group average.
Public Image and Philanthropy
Stevens is known for being on the floor. Vegas Legal Magazine describes him walking the casino, watching games with guests in his sportsbook and wearing a Tigers cap. Regulars jokingly call themselves the “Stevens Syndicate.”
The same profile lists several gestures. In May 2020, he bought 1,000 airline seats to give to future guests. After Circa’s second profitable year, every employee got a $1,500 holiday bonus. Circa started a tuition assistance program for hospitality staff in 2023. These come from a magazine feature, not audited records, so treat them as the magazine’s claims.
He also likes a long shot. He once put $12,500 on Michigan to win the NCAA tournament at 80 to 1 odds, which would have paid $1 million if they had not lost in the final, per Hour Detroit. None of the sources we reviewed report controversies, so this page does not cover any.
Frequently Asked Questions
How much is Derek Stevens worth in 2026?
Derek Stevens is worth about $1.25 billion in 2026, according to the Forbes real time list as tracked by WealthRank on October 6. Iconic Billionaires shows $1.2 billion as of May 4. Both are estimates because his casinos are privately held.
Is Derek Stevens a billionaire?
Yes. Forbes data places Stevens among the world’s billionaires at #2,986 as of October 6, 2026. WealthRank ranks him #906 in the United States. His fortune clears the $1 billion mark by about $250 million, almost all of it in private holdings.
What is Derek Stevens’ main income source?
His main income source is ownership of Circa Resort & Casino, The D Las Vegas, and Golden Gate Hotel & Casino, which he co owns with his brother Greg. Circa Sports and Cold Heading Co. add to that. No source publishes profit for each business.
What is Derek Stevens’ salary?
No Derek Stevens salary figure appears in any source we reviewed. His businesses are private, and he earns through ownership and profit, not a reported paycheck. Treat any specific salary figure you see online as a guess.
How did Derek Stevens make his money?
He bought into downtown Las Vegas casinos and then built his own. His first casino investment, in the Golden Gate, came in 2006 after he moved his family’s investment portfolio to Nevada. He bought Fitzgerald’s in 2011 and opened Circa in October 2020.
Who owns Circa Las Vegas with Derek Stevens?
His brother Greg Stevens co owns Circa and the other two casinos with him, per Iconic Billionaires and Vegas Legal Magazine. Derek is CEO and majority owner, according to Iconic Billionaires. The sources we reviewed do not state the ownership split.
How old is Derek Stevens?
Derek Stevens is 59 years old as of October 2026, according to WealthRank and Iconic Billionaires. He grew up in Grosse Pointe, Michigan, and lives in Las Vegas.
Where is Derek Stevens from?
Derek Stevens is from Grosse Pointe, Michigan, and lives in Las Vegas. He studied at the University of Michigan and Wayne State, then moved his family’s investment portfolio to Nevada. That move led to the casino holdings behind his fortune.
Final Thinkings
Derek Stevens turned a family auto parts business and a tax driven move to Nevada into a $1.25 billion fortune built on three downtown casinos. The numbers online differ only because of dates and rounding, so the Forbes based figure is the safest one to use. What stands out most is his low debt approach, which he says kept Circa on solid ground through a pandemic opening.
His sources of income stay private, so expect estimates to move only when Forbes updates its list. Watch for news on the Symphony Park project and Circa’s expansion.
Amelia Torres writes for NetWorthAbout.com, covering celebrity net worth, personal biographies, career achievements, and income sources. She focuses on making information about well known personalities accessible and easy to understand. Her articles explore the professional journeys, financial backgrounds, and major milestones that shape public figures’ lives. Amelia aims to provide readers with clear, informative content while emphasizing responsible research and the importance of distinguishing publicly available facts from estimated net worth figures.
