Kerkorian, who founded MGM Resorts International (MGM.N) and was its largest shareholder, died in Los Angeles on Monday night, the company said in a statement on Tuesday. Kerkorian had little formal education and dropped out of school at age 16. Last month, Forbes magazine estimated Kerkorian’s wealth at $4.2 billion after he took a hit on his investments in 2008, when the magazine said he was worth $16 billion.