Cy Ellis Waits, born on the 2nd of October, 1975, is an American entrepreneur who became famous for being the man behind the most successful nightclubs in Las Vegas. He is known to have worked behind XS Nightclub, Tryst nightclub, and Drai’s After Hours and Drai’s Hollywood alongside his twin brother Jesse Waits.
So how much is Waits’ net worth? As of mid 2017, based on authoritative sources it is reported to be $5 million acquired from his years working in managing various nightclubs and restaurants in Las Vegas and Hollywood.
Cy Waits Net Worth $5 Million
Born in Springfield, Missouri, Cy spent most of his time growing up in Hawaii and California. He and his twin brother Jesse were known to be party-throwers back in their hometown, and so he was well-known for socializing. After Jesse left Hawaii and moved to Las Vegas, he then followed and worked in various nightclubs to earn some money.
The Waits’ brothers worked as bartenders, eventually making their way to management position. one of the first clubs the brothers started to manage being the Foundation Room in Mandalay Bay. Aside from managing clubs, the twins were also known to have started themed events in nightclubs in Vegas that became a hit in the party scene. Eventually they met Victor Drai, another nightclub owner, and the twins joined him in his business. The early years of Waits and his twin brother in the nightclub industry started their career and also their net worth.
With their growing fame in the nightclub industry, Steve Win hired Waits and his brother to renovate La Bete nightclub located at Wynn, Las Vegas. The twins renovated and rebranded the nightclub and named it Tryst, and the club became a popular nightclub destination in Las Vegas, iconic for its waterfall in the middle of the dance floor. In 2011, it was named the “Nightclub of the Year” by the Nightclub & Bar Awards, certainly boosting Cy Waits potential net worth.
After their success in Tryst, Waits and his brother then moved to another nightclub named XS, working behind the scenes to expand it into becoming one of the biggest nightclubs in the world. XS is known for its huge size of 40,000 square feet, that can accommodate 4,000 people.
Other nightclubs that Waits and his brother also worked on include Drai’s After Hours located at Bill’s Gamblin’ Hall and Saloon, and Drai’s Hollywood in West Hollywood Hotel. Their success in promoting, reviving and managing nightclubs tremendously helped their wealth.
Aside from managing nightclubs, Waits and his brother are also credited to have helped make Las Vegas a destination for Electronic Dance Music of EDM. Some of the DJs they have given breakthroughs to in the nightclub scene include Afrojack, Avicii and Swedish House Mafia.
In terms of his personal life, Waits was known to have dated socialite Paris Hilton – in fact they were charged with drug possession and use but given suspended sentences. Cy Waits remains officially unattached.
