Billionaire movie industry mogul Kirk Kerkorian dies at 98

Billionaire investor Kirk Kerkorian, who was known for buying and selling studio properties such as MGM and United Artists, died Monday, the CEO of his company confirmed to Entertainment Weekly.

The 98-year-old started out in real estate before buying MGM in 1969. In 1981, he bought United Artists before selling both properties to Ted Turner for $1.5 billion. He ended up buying back both properties five months later for $470 million. He bought and sold several other companies before his death.

The high-school dropout grew up in Fresno, Calif., the youngest of four children.

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