Lonnie Theodore Binion, better known as Ted Binion, was the son of Binion Horseshoe owner Benny Binion and a successful American gaming executive. He was born on November 28th, 1943, and died on September 17th, 1998, on his mattress.
Ted Binion’s net worth was estimated to be between $7 million and $14 million at the time of his death. Even though he died more than two decades ago, the case has remained unsolved, and that has dominated the press ever since. Sandra, his ex-girlfriend, and the man she was seeing at the time were first accused of the murder but were eventually found not guilty.
We’re going to look through Ted Binion’s net worth, earnings, salary, and other businesses in great depth today. Considering his lavish lifestyle, you might have been curious as to how much money he was making. As a result, all of your inquiries will be addressed in this post, which will be published today. Let’s see how much money he has.
The net worth of Ted Binion
Benny Binion‘s son, Ted Binion, was a well-known American casino entrepreneur. He became addicted to heroin and was arrested for drug trafficking after a long period.
Mentally he was affected by losing his gaming license, which led to despair. Between $7 million and $14 million was his estimated net worth. His body was discovered on the floor of his Las Vegas mansion on the morning of September 17th, 1998. He was 54 at the time.
Sandy Murphy, his ex-girlfriend at the time, was first accused of his murder but was subsequently cleared. After his death, much of his fortune was lost, but Bonnie, his daughter, received a sizable inheritance. Even after 20 years, no one has been able to answer the riddle of his death.
At the time of his death, Ted Binion was worth $10 million. His father, Benny Binion, was a well-known casino magnate, and his son is also well-known. When he turned 21, he took over the family casino.
On November 28, 1943, Ted Binion was born in Dallas, Texas. Benjamin Binion and Teddy Jane were Benny Binion’s parents. In addition to an elder brother and three younger sisters, he had four siblings. When Ted was three, he and his father went to Las Vegas, where Ted became heavily involved with his father’s casino. He worked alongside ranch men on a cattle ranch in Jordan during the summers.
In his younger days, Ted Binion was the target of a kidnapping plot hatched by a Vegas cabbie.
— Mayhem in the Desert (@VegasTrueCrime) January 16, 2022
After Ted Binion was incarcerated, he took over his father’s casino. He rose to the position of casino director under his leadership. As a result, he began hosting tournaments at the Horseshoe. In his spare time, he liked to go out and have a good time with girls.
Finally, he was accused of drug trafficking and had a dispute with the Nevada Gaming Control board. When he began abusing drugs, the gaming board immediately expelled him.
It’s possible that he even lost his license or broke the rules. After he lost his license, he grew more and more addicted to narcotics as a result.
Intangibles and Real Estate
There is no evidence to substantiate the notion that Ted Binion stashed large sums of money and jewelry in his estate. Pahrump was his hometown. At the time of his death, he had millions of dollars worth of silver, which he left to his daughter Bonnie. After his death, a large amount of money vanished.
Ted Binion’s primary source of income was his casino. At the age of 21, he and his brother, Jack, took over the management of the casino. He made a lot of money by smuggling illegal narcotics, which was also his primary source of income.
Ted Binion had a Heroin addiction. He was a history buff who enjoyed reading about the past and watching historical television shows. Having met Sandy Murphy at a topless club, his first wife and child decided to end their relationship with him.
His girlfriend discovered him dead on a mattress and phoned the police, who arrived at the scene. Sandy, on the other hand, was initially accused of the murder and afterward found not guilty. After Ted’s death, his daughter Bonnie acquired a sizable portion of his estate.
Dependence on the Rich
Ted Binion managed to accumulate millions of wealth for himself. His father left him a sizable estate and a sizable wealth, and he was able to supplement his income by operating a casino. He was also a narcotics trafficker who made millions of dollars and was hooked on heroin himself. Ted Binion’s net worth was $10 million at the time of his death.