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Merv Griffin dies at the age of 82

 The TV mogul, creator of "Jeopardy" and "Wheel of Fortune", Merv Griffin passed away on Sunday.

Merv Griffin dies at the age of 82 One of the most famous TV moguls, Merv Griffin, died on Sunday at the age of 82, from prostate cancer. Merv Griffin was the perfect example of how the TV can turn a person from rags-to-riches.

 He started as a radio singer in San Francisco at $100/week at age 19. Later he was the host of The Merv Griffin Show in the mid 60's, but his biggest success came when he got the idea for the popular TV shows Jeopardy and Wheel of Fortune. Being a producer of these popular shows when they become the hottest on the air gave him the opportunity to sell them to the Columbia Pictures Television Unit for $250 million. At the time of the sale, the deal was the largest acquisition of an entertainment company owned by a single individual at that time. He retained part of the profits from both shows as part of the sale.

 After he added the quarter billion to his bank account, Merv Griffin entered the hotel business by first purchasing the Beverly Hilton Hotel in Beverly Hills from Barron Hilton and then Resorts Hotel and Casino in Atlantic City from Donald Trump. Merv Griffin was also an avid connoisseur of thoroughbred racehorses.

Published on 08/12/2007

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