Lonnie Theodore Binion, well known as ted Binion was a wealthy American gambling executive and the son of the owner of Binion Horseshoe, Benny Binion who had a net worth of $14 million. He was born on 28 November 1943 and was found dead on his mattress on 17 September 1998.
He has been in the news since it’s been over 20 years after his death and the investigators have still not been able to solve the case. His then-girlfriend Sandra and her lover were initially charged with the murder but were later acquitted.
Today in this post, we are going to tell you in detail about Ted Binion, his total net worth, his earnings, salary, and all other business. Having looked at his luxurious lifestyle, you should have wondered how much money he made. So, the answer to all your questions will be given today in this post. Let’s take a look at his net worth.
Ted Binion’s Net Worth
Ted Binion was an American gambling executive well known as the son of casino magnate Benny Binion. Over the years, he developed a severe addiction to heroin and also was involved in drug trafficking for which he was arrested.
He then lost his gaming license which affected him mentally and he went into depression. He had a wealth estimated between $7 million – $14 million. On 17 September 1998, he was mysteriously found dead on the floor of his Las Vegas estate. He was 54 years old.
His then-girlfriend Sandy Murphy was first suspected and charged with his murder but was later acquitted. After his death, a lot of his wealth went missing, and his daughter, Bonnie, inherited a good portion. Even after 20 years of his death, the investigators have not been able to solve his death mystery.
Ted Binion had a net worth of $10 million at the time of his death. He is well known as the son of casino magnate Benny Binion. He took over his father’s casino at the age of 21.
Ted Binion Net Worth
|Net Worth:||$10 Million|
|Full Name:||Ted Binion|
|Annual Income:||$500 Thousand|
Ted Binion Net Worth Growth
|Net Worth in 2023||$10 Million|
|Net Worth in 2022||$10 Million|
|Net Worth in 2021||$10 Million|
|Net Worth in 2020||$10 Million|
|Net Worth in 2019||$10 Million|
|Net Worth in 2018||$10 Million|
Ted Binion was born on 28 November 1943 in Dallas, USA. His parents were Benny Binion and Teddy Jane. He had four siblings: An older brother and three sisters. Ted moved to Las Vegas with his father when he was three years old and involved himself in his father’s casino. He spent his summers on a cattle ranch at Jordan, to work with ranch hands.
Ted Binion took over his father’s casino after he was arrested. He became the casino manager. He then became the host of the Horseshoe’s poker tournaments. He spent most of his time partying and flirting with women.
He eventually was charged with drug trafficking allegations and he got into a beef with the Nevada Gaming Control board. He started using drugs and was suspended from the gaming board.
He even lost his license or violated the regulations. After he lost his license, that affected him so much that he became involved in drugs even more.
Assets and Properties
Ted Binion had lots of money and jewels that he is alleged to have hidden in his estate, but there is no evidence to support the claim. He owned an estate in Pahrump. He owned millions worth of silver at the time of his death, most of it was inherited by his daughter Bonnie after his death. A lot of wealth mysteriously disappeared after his death.
Ted Binion mainly made money through his casino. He took over as the casino manager at the age of 21 along with his brother Jack who was 23. He made a lot of money by illegally trafficking drugs which also was the main source of his income.
|Net Worth||$10 Million|
|Date Of Birth||28 November 1943|
Ted Binion was addicted to Heroin. He loved reading history books and watching history channels. His first wife and child left him after he was involved in an extramarital affair with Sandy Murphy, whom he met at a topless club.
He was found dead by his girlfriend on a mattress who called to inform the police. However, sandy was first charged with his murder and later acquitted. Ted’s daughter Bonnie received a large part of his inheritance after his death.
Ted Binion managed to accumulate millions of wealth for himself. He inherited a lot of property and fortunes from his father and made money through the casino. He also made millions of dollars trying to illegally traffic drugs and was severely addicted to heroin himself. At the time of his death, Tod Binion left a net worth of $10 million.