Derek Stevens’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2026 | $1.2 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $1.2 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Derek Stevens’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Derek Stevens has an estimated net worth of $1.2 billion, according to Forbes Real-Time Billionaires, Derek Stevens profile (figures as of October 20, 2026).
Derek Stevens is an American businessman best known for owning casino properties in Downtown Las Vegas. He is the CEO and majority owner of The Golden Gate, The D, and Circa, which he co-owns with his brother Greg. His name became widely known in Las Vegas through a series of downtown deals that started with the Golden Gate in 2008 and grew into a larger casino business centered on Fremont Street.
His wealth comes from casinos and from Cold Heading Co., where he has served as CEO since the 1990s. The company makes fasteners for the auto industry and was started by his family. In Las Vegas, he bought Fitzgeralds in 2011, later renamed it The D, then helped develop Circa after buying more downtown sites in 2015 and 2016. Forbes put his net worth at $1.2 billion in 2026.
How Derek Stevens built his fortune
Stevens makes money from casino ownership and operations in Downtown Las Vegas. Forbes places him in the Gambling & Casinos industry, and his wealth is tied to properties that include The Golden Gate, The D, and Circa. He first bought 50% of The Golden Gate on Fremont Street, then later acquired the rest. That gave him a base in the downtown market before he expanded through more purchases and redevelopment projects.
Outside Las Vegas, Stevens also leads Cold Heading Co., a manufacturer and supplier of fasteners for the auto industry. His family started the business, and he has been its CEO since the 1990s. On the casino side, he bought Fitzgeralds in 2011 and renamed it The D after a 36-story renovation. He also launched Circa Sports, a sports betting company, adding another business tied to gaming.
Circa and his Forbes net worth
A major money story in Stevens' career is Circa. He and his brother bought the Las Vegas Club in 2015 and Mermaids Casino in 2016, then cleared the sites for a new resort. Circa opened in October 2020 and cost $1 billion, according to Forbes. Forbes also notes it was the first new casino in Downtown Las Vegas since the 1980s, making it the centerpiece of his downtown portfolio.
Forbes estimated Stevens' net worth at $1.2 billion on the 2026 World's Billionaires List. Forbes' real-time billionaires tracker also showed $1.2 billion as of October 20, 2026. That estimate is tied to his casino holdings, especially his majority stake in Downtown Las Vegas properties, along with his ownership of Circa Sports and his longtime role running Cold Heading Co. in Michigan.
Career and money timeline
- 2008
Stevens and his brother bought the Golden Gate Hotel and Casino.
- 2011
He bought Fitzgeralds, which was later renamed The D Las Vegas.
- 2014
The Downtown Las Vegas Events Center opened after he developed the site.
- 2015
He and his brother bought the Las Vegas Club in downtown Las Vegas.
- 2016
They bought Mermaids Casino and cleared sites for Circa.
- 2020
Circa opened in October at a cost of $1 billion.
- 2026
Forbes valued him at $1.2 billion.
Derek Stevens net worth FAQ
What is Derek Stevens's net worth?
Derek Stevens's net worth is an estimated $1.2 billion, according to Forbes Real-Time Billionaires, Derek Stevens profile (October 20, 2026). It is an estimate, not an official figure.
How did Derek Stevens get so rich?
The main sources named in the reporting we cite are: Casinos.
Is Derek Stevens a billionaire?
Yes. Forbes Real-Time Billionaires estimates Derek Stevens is worth $1.2 billion.
How has Derek Stevens's net worth changed?
The earliest published estimate we track is $1.2 billion (2026, Forbes World's Billionaires List 2026). The latest is $1.2 billion (October 20, 2026).
What companies is Derek Stevens known for?
He is best known for The Golden Gate, The D, Circa, Circa Sports, and Cold Heading Co. His career spans casinos, sports betting, and auto industry manufacturing.
Why is Circa important in his business story?
Circa is a key project because Forbes says it cost $1 billion and opened in October 2020. It became the crown jewel of his downtown casino holdings.
Sources
- Forbes Real-Time Billionaires, Derek Stevens profile (October 20, 2026)
- Forbes World's Billionaires List 2026, Derek Stevens profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Derek Stevens (accessed October 22, 2026). Used for career facts only, never for figures.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.