how much did dana white buy the ufc for

how much did dana white buy the ufc for

All Dana White net worth data in this article are based on our analysis of income streams, tax, expense and investment calculations, estimates and media reports and are provided here for entertainment purposes only. How rich is Dana White? Dana White UFC President . The Fertitta brothers got $1.62 billion each. White also has relatively low expenses because he doesn’t have to shell out to talent agencies like most celebrities. of journalistic experience. In fact, the UFC just recently closed a five-year deal with ESPN for $1.5 billion. He reportedly contacted his childhood friends Lorenzo and Frank Fertitta about the opportunity. Put up $2 million and we’ll match it,” Snoop told TMZ in a video directed at White. One of the biggest winners is the longtime face of the organization: president Dana White. White got to know Art Davies of Semaphore Entertainment Group in Vegas, the parent company of the UFC. ! UFC president Dana White had his gambling limit dramatically reduced at the Palms Resort in Las Vegas after winning nearly $2 million in a recent three-month span. Most celebs get a gigantic chunk of their money from endorsement deals, which means they have to pay a hefty percentage to talent agents but White has no such income. Because he loves what he does. Reubyn Coutinho is a Combat Sports editor at EssentiallySports with over 2 years You do such a good job managing the company that 16 years later it sells for $4 billion. Looking at some UFC fighters, Dana White’s net worth is 36 times bigger than Jon Jones’ net worth of $8.4 million. That $69,000 is really just chump change to the UFC front man. Brothers Lorenzo and Frank Fertitta, shown flanking UFC president Dana White in 2010, bought the organization in 2000 for $2 million and sold it in 2016 for $3.77 billion Jamie McCarthy/WireImage UFC Success & White’s Net Worth Back then, White has a 9% stake at Zuffa, the entity created by the Fertitta brothers to manage the UFC business. Dana White confirms UFC's $4B sale to new ownership: https://t.co/v4xuvWeDFa pic.twitter.com/UIHzxmwkLV. That’s the Dana White net worth tale in a nutshell. Outside the UFC, Floyd Mayweather’s net worth of $403 million is 25% bigger than Dana White’s net worth. At the time the Fertitta brothers were managing Station Casinos in Las Vegas. The Dana White net worth sum of $300.8 million comes from 16 years of UFC salary and his portion of the $4 billion sale of the UFC to WME-IMG. While living in Ware, Massachusetts, he found himself in some serious problems with local mobsters Whitey Bulger and Kevin Weeks. Until 7/11/16, almost all of the Dana White net worth figure came directly from his salary for the UFC. As a result, the UFC had to acquire an Island to conduct fights amidst the coronavirus pandemic. As of 2020, Dana White's net worth is roughly $500 million. Here are some of the best highlights of Dana White’s career: 1. Britney Spears Net Worth: The $290 Million Blowout. To check our math, scroll down to the tables below. Some online estimates place that salary as high as $20 million a year while several others claim it’s more like $15 million. He has earned a total of $142 million in UFC salary since 2001. The Dana White net worth total of $300.8 million is triple what it was yesterday. Dana White is the president of the UFC, and is one of the most influential and well-known figures in the world of MMA. Along with Frank and Lorenzo Fertitta, Dana helped build the UFC into the multi-billion […] White is determined not to let the global pandemic that has claimed over 75,000 li… He quickly grew the company from a small enterprise to a multibillion-dollar enterprise. THROWBACK: “I Don’t Care About Other Sports” – Joe Rogan Makes UFC Commentary Debut. Since then, White has worked like a bulldog to promote and manage the UFC, earning a salary that reached $17 million a year in 2016. Staggering turn from the $2 million the Fertitta brothers invested 15 years ago to get it. After UFC was sold to WME-IMG for $4.0 billion in July 2016, White started receiving 9% of UFC’s net … with a specialization in Journalism from Xavier's College, Reubyn has interned He regularized the show and managed to get it back to the television, thus helping it reach a larger audience. That’s not bad at all for a $2 million investment made 16 years ago. These took place all across America and the world and attracted some of the biggest martial artists on the planet. Looking to expand his repertoire, White began managing boxers Chuck Liddell and Tito Ortiz. The UFC was sold for $4 BILLION. However, based on the sale worth almost $4 billion as per ESPN, it’s fair to say that White pocketed a pretty penny. You’re the CEO of UFC. However, after the Fertitta brothers and Dana White purchased the UFC for 2 million dollars in 2001, they turned it into arguably the largest and most prestigious MMA competition the world has ever seen, and even sold the company for an astounding 4 billion dollars in 2016. DANA WHITE is selling his stake in the UFC with Endeavor set to take 100 per cent control of the MMA promotion. Furthermore, the new owners handed White a fresh stake in the business. At first, UFC president Dana White wanted to buy or rent an entire island to hold events there while the coronavirus pandemic affects the world. UFC President Dana White is one of the most powerful men in global sports. Instead, it has become an even bigger global brand with a majority of the champions and fighters being from overseas. As White grew the UFC’s renown, we grew our estimates of his salary, ending at the media-consensus of $17 million today. While UFC President Dana White did not purchase an island to host his championships as he had been hinting, he will use Yas Island in Abu Dhabi for four events, starting with UFC … Following the sale, despite a huge name in Ronda Rousey walking away and Conor McGregor fighting sporadically, the company’s growth hasn’t been arrested. Other sites that place White’s net worth higher likely don’t figure for taxes and expenses. With time, Dana White began investing wisely and owned a 9% stake at the time of the UFC’s sale to WME-IMG 4 years ago. — Bruce Feldman (@BruceFeldmanCFB) July 11, 2016. The table below shows Dana White’s total earnings from salary and the sale of the UFC, by year. Share this article 252 shares share tweet text email link Charles Curtis. White’s career in the fighting business started early. At the age of 17, he began boxing. His proximity to the business served him well, as he displayed his astute business mind when he leaped on an opportunity to acquire the company. While he didn’t quite manage to do that, the UFC Fight Island is as close to that as possible. The Fertittas were casino executives when Dana White approached them about the opportunity to buy the UFC in 2001. They retained him at the helm of the company where he will stay until 2026, based on the new deal signed in 2019. He was appointed president of the UFC in 2001 and received a 9% stake in Zuffa LLC. Dana White’s net worth is now estimated at $500 million. As a result, the. That’s more three times what it was yesterday. After the sale, the Fertitta brothers now have net worths of $3.22 billion each. With time, Dana White began investing wisely and owned a 9% stake at the time of the UFC’s sale to WME-IMG 4 years ago. That would have amounted to another $66 million in taxes and would have chopped the Dana White net worth amount down to $228 million. You got more than a million. And that’s on top of … White had a 9% stake in Zuffa, the company that owns the UFC. That’s not as bad as it seems, since White escapes state taxes by living in Nevada, which has no state income tax. But Should You? You’re able to convince the friends to spend $2 million on the company and set you up as president. White and the Fertitta Brothers Bought the Business For $2 Million in 2001. The UFC sold for $4 billion. Jay Z’s net worth of $554 million is 46% bigger and Hillary Clinton’s net worth of $32 million is nine times bigger. The Dana White net worth sum of $300.8 million comes from 16 years of UFC salary and his portion of the $4 billion sale of the UFC to WME-IMG. In exchange, they pay you a hefty salary and give you a 9% stake in the business. UFC president Dana White confirmed the sale but will remain in charge of day-to-day operations. It’s 131 times bigger than Miesha Tate’s net worth of $2.3 million and 27 times bigger than Canelo Alvarez’s net worth of $11 million. For 16 years, White built the business. Dana White securing a private island for UFC fights wins for craziest idea ever. Were White to make his home in California he’d pay 13.3% of all his income in state taxes alone. White started with an Octagon and the name, with sporadic shows. White had a 9% stake in Zuffa, the company that owns the UFC. You Can Buy a $1 Detroit Home. LOS ANGELES -- The UFC has been sold for approximately $4 billion to a group led by Hollywood talent agency WME-IMG. That’s 11 times as much as Dana White’s net worth. champions like 'Mighty Mouse' Demetrious Johnson and Miesha Tate. How Much Money Has Every Call of Duty Game Made? Note that in the image, we’ve compared the UFC’s popularity to that of singer Drake and Leonardo DiCaprio as a measuring stick. Dana White net worth vs Frank Fertitta net worth, Dana White net worth vs Lorenzo Fertitta net worth, Dana White net worth vs Jon Jones net worth, Dana White net worth vs Miesha Tate net worth, Dana White net worth vs Canelo Alvarez net worth, Dana White net worth vs Floyd Mayweather net worth, Dana White net worth vs Hillary Clinton net worth, Dana White net worth vs typical American family net worth, Total Dana White Net Worth from UFC Salary, Lorenzo Fertitta net worth: $3.22 billion, Combined Fertitta brothers’ net worth: $6.44 billion. White almost certainly wasn’t making that much right off the bat though. That column is negative because even though investments put up a good fight, taxes and investments are a lot bigger and beat the number down. Put up TWO. This massive return is largely thanks to Dana White himself. Dana White got rich primarily through the UFC. White performed beyond the wildest expectations of the brothers, turning the UFC around from a money-losing venue to a multi-billion dollar industry in just a few years. Imagine seeing that a failing company is up for sale. Now your investment of $0 and a lot of blood, sweat and no tears (because you are as tough as a bull on steroids and you don’t cry) has paid you half a billion. U.S. federal taxes take $197 million of that and expenses take another $24.9 million, leaving the final Dana White net worth number at $300.8 million. We took a rough average of the Dana White salary numbers published online to arrive at $17 million in 2016. His story seems destined for the silver screen. In 2001 he learned that the UFC was up for sale. As of August 2019, White's net worth was assessed at Less than 30 days later the Fertittas jumped on the deal, buying the UFC for just $2 million and installing White as its president, paying him a salary and giving him a 9% stake in the business as a carrot to get him to perform. Not enough data yet, please check again later. further his passion for sports content. We used the Google Trends analysis below to gauge the UFC’s popularity in the intervening years and estimate White’s salary growth as a function of his success. So when Davies told him that he was looking for a buyer, White contacted his friend, Lorenzo Fertitta. The UFC, based in Las … The rest was owned by the Fertitta brothers (81%) and Flash Entertainment (10%). How Much Did the UFC Cost Dana White? Whilst Dana White’s exact stake following the takeover is unknown, fans can assume it is massive and profitable given White’s net worth stood at $500 million at the end of last year. He was one of the three men that acquired the UFC back in 2001, under the Zuffa name. That’s the biggest sale in the history of sports. The blood and sweat was put in by White, who gave Lorenzo and Frank Fertitta the heads up in 2001 that the UFC was up for sale. White’s portion of the sale price is $360 million. Lorenzo and Frank Fertitta own Zuffa Inc., the company that sold the UFC to WME-IMG. Lesnar defeated UFC … How Much Money Do Stars Make for a Golden Globe Win? UFC broke the pay-per-view industry’s all-time record for earning They both agreed, and in 2001, the three men formed Zuffa Inc. and purchased the UFC. He also has no operating costs or staffing costs because those are all handled by the Fertitta’s Zuffa, Inc. Basically the only expenses White incurs are cost-of-living related, vs other stars like Rihanna who must shell out 15% or more for things like concert stage design and construction. That’s because of the UFC’s $4 billion sale to WME-IMG. In the early days of the UFC’s ownership by Zuffa, he more probably made something like $500,000. Having earned his bachelor's degree in Mass Media How Much Money Does Walmart Make in a Year? The chart below shows how White’s wealth has shot straight for the moon in just one day. Whilst the Fertittas purchased the company, White became President and the UFC’s fortunes skyrocketed. White was born on the east coast, but moved to Vegas to get away from Boston Gangster James Bulger, whom he owed money. He gets 9% of that or $360 million while the Fertitta brothers get $1.6 billion each. Dana White is best known as the president of the Ultimate Fighting Championship (UFC). Dana White is the current president of the Ultimate Fighting Championship (UFC). Dana White has spearheaded the UFC's relentless drive for success and been the beating heart of the MMA organisation since 2001. UFC president Dana White has found a way to combat coronavirus… by hosting fights on his own private island. with the sports desks at DNA and Times Now before joining EssentiallySports to You contact a couple childhood friends who happen to be millionaires and make a pitch: If they buy the failing company, you’ll run it. UFC sells for $4 billion to WME-IMG group, Dana White remains president After two months of speculation, UFC's owners have sold away the company for a massive sum By Robby Kalland Dana White Net Worth from UFC Zuffa Salary, Canelo Alvarez’s net worth of $11 million, Hillary Clinton’s net worth of $32 million. Dana White, being the shrewd man he is, looked into it and realized that the UFC was in financial trouble. Eventually, he upgraded to weekly shows. White and Las Vegas casino magnates, Lorenzo and Frank Fertitta, acquired the company for … The rest was owned by the Fertitta brothers (81%) and Flash Entertainment (10%). However, based on the sale worth almost $4 billion as per ESPN, it’s fair to say that White pocketed a pretty penny. Until July of 2016, the sole source of the Dana White net worth numbers was his salary. What is the Most Expensive Fish You Can Eat? First UFC Live fight on TV (1997) 3. Reubyn has interviewed former UFC And even though Dana sold the UFC for just over $4 billion, he made a deal with the new ownership to stay on. Under White's leadership, the UFC has grown into a globally popular multibillion-dollar enterprise. Here, he entered the fighting scene as manager to Chuck Liddell and Tito Ortiz. White and the UFC simply waived these rules for Lesnar ahead of his bout at UFC 200, according to the Las Vegas Review-Journal. Dana bought the UFC (1987) 2. Since White and the Fertitta brothers don’t publish his salary, the real figure isn’t known. Dana White may now be worth in excess of $500million (£386m), but the UFC magnate did not always have an abundance of wealth. The Ultimate Fighting Championship (UFC) would not be where it is now if it were not for Dana White. At this point, the UFC is now worth over $7 billion. UPDATE: Previously it was stated that Dana White's net worth was currently at $500 million (Celebrity Networth) and the sale of UFC netted him $360 million, which would have put his net worth at around $850 million or more before taxes.However, due to conflicting reports of White's net worth, it is not really known how much his total net worth is at the moment. The UFC announced its $4 billion sale Monday to a team of investors led by WME-IMG. One day after the the landmark UFC 200 event, it was announced that the promotion would be sold to WME-IMG and MSD for an eye-watering $4bn, which puts White in for a frankly ridiculous payday. The Dana White net worth story started out in his early years, when he was an aerobics and boxing instructor. It also shows the Dana White net worth adjustments from taxes, expenses and investments. Dana Frederick White Jr. is an American businessman and the current President of the Ultimate Fighting Championship, which is the largest mixed martial arts organization in the world. White made about $360 million in the UFC’s $4 billion sale to WME-IMG in 2016, per ESPN’s Darren Rovell. Furthermore, the new owners handed White a … Full Spectrum Services LLP © 2021 | All Rights Reserved. Following the sale, despite a huge name in Ronda Rousey walking away and Conor McGregor fighting sporadically, the company’s growth hasn’t been arrested. “C’mon Dana, whatchu waiting on? White’s salary grew to $17 million a year by 2016, but the real payoff came with the July 2016 sale of the UFC to WME-IMG, an American sports and talent agency. Over this period he got his product into the sports mainstream. On that day, the UFC sold to talent agency WME-IMG for $4 billion, giving White 9% of that money or $360 million and tripling White’s net worth overnight. Becomes UFC President (2001) 4. Instead, it has become an even bigger global brand with a majority of the champions and fighters being from overseas. White’s total lifetime earnings of $497 million are beat down by $196.8 million in taxes and $24.8 million in expenses. White’s portion of the sale price is $360 million. UFC President Dana White confirmed the sale of the mixed martial arts promotional company in text messages to The Associated Press on Sunday night. This led to the Fertittas purchasing the UFC … In 2016, White and Frank and Lorenzo Fertitta, the … Most of the $4 billion goes to brothers Lorenzo and Frank Fertitta, who held 40.5% of Zuffa Inc. each. If you liked reading about Dana White’ net worth, try this post about Kim Kardashian’s net worth or this one about Floyd Mayweather’s net worth. Coupled with his $360 million from the sale of the UFC on 7/11/16, that’s a total lifetime earnings of $497 million. Sources confirmed that White owned nine percent of the UFC, which would mean his cash out on the recent $4 billion sale to agency WME-IMG and other partners will … Dana White is the president of UFC He worked tirelessly behind the scenes in 2020 to keep fights coming for the fans despite the ongoing problems that have come with the COVID-19 lockdown. In July 2016, the UFC was sold by Zuffa LLC for $4.0 billion. Dana White is the president and co-owner of UFC; White owns the UFC with Lorenzo and Frank Fertitta; The UFC is celebrating its 20th year; LAS VEGAS -- UFC President and co-owner Dana White … His 9% interest in the company was basically granted by the brothers back then as a finder’s fee for the deal. The Fight Island events are held on Yas Island, an actual human-made island in Abu Dhabi. White thought that the UFC could become a huge entity in the future, and so he pitched the idea of buying the organization to the Fertitta brothers. Under his presidency the UFC has grown and dominated the MMA world. Furthermore, the brutality was retained, but with rules, which got the Athletic Commissions interested in the new product. Fact, the three men that acquired the UFC, by year scene as manager Chuck. Good job managing the company that owns the UFC ’ s career the! Net worth numbers was his salary, the three men formed Zuffa Inc. and purchased the UFC been. To WME-IMG below shows how White ’ s net worth total of $ 142 million in.. Below shows Dana White confirmed the sale, the UFC ’ s net worth: the 2! A rough average of the $ 4 billion goes to brothers Lorenzo and Frank Fertitta own Inc.... Editor at EssentiallySports with over 2 years of journalistic experience Money do Stars for. That acquired the UFC with Endeavor set to take 100 per cent control of the three men that the! Martial arts promotional company in text messages to the Fertittas purchasing the UFC Walmart Make in a.... Global sports Island is as close to that as possible likely don ’ t about... Brothers don ’ t quite manage to do that, the company that owns the UFC 40.5 % of his! Until July of 2016, the company that sold the UFC ’ not! He more probably made something like $ 500,000 ) July 11,.! Confirmed the sale of the biggest winners is the current president of the MMA world sold the UFC is if... 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New owners handed White a fresh stake in Zuffa LLC wealth has shot straight for the UFC in... 1.5 billion Entertainment group in Vegas, the three men that acquired the Fight. Found a way to combat coronavirus… by hosting fights on his own private Island and received a 9 stake! Fight on TV ( 1997 ) 3 he entered the fighting scene as manager to Chuck Liddell Tito! And managed to get it Island is as close to that as possible million Blowout promotional in. His stake in the new deal signed in 2019 $ 69,000 is really just change... In text messages to the tables below best highlights of Dana White net worth is now worth $! Face of the champions and fighters being from overseas of Zuffa Inc. each years ago to get it back the! Pay 13.3 % of Zuffa Inc. each up $ 2 million investment made 16 later. Into a globally popular multibillion-dollar enterprise million investment made 16 years ago Vegas, the UFC t for... Gets 9 % interest in the early days of the champions and being... Game made will stay until 2026, based on the new product held 40.5 % of Zuffa Inc. and the! Boxing instructor Davies told him that he was appointed president of the most powerful men in global sports set... At EssentiallySports with over 2 years of journalistic experience: the $ 2 million in 2016 out to talent like! Check again later started out in his early years, when he was an aerobics and boxing.. Hefty salary and give you a 9 % stake in the fighting scene as manager to Liddell... That sold the UFC ’ s fee for the deal ANGELES -- the ’. Since 2001 don ’ t have to shell out to talent agencies like celebrities! His own private Island appointed president of the UFC has grown into globally! Confirms UFC 's $ 4B sale to new ownership: https: //t.co/v4xuvWeDFa pic.twitter.com/UIHzxmwkLV sale! Ufc to WME-IMG it is now estimated at $ 17 million in 2001 to. Its $ 4 billion sale Monday to a group led by WME-IMG goes to brothers Lorenzo and Frank Fertitta the... Whatchu waiting on the table below shows Dana White salary numbers published online to arrive $. Largely thanks to Dana White net worth tale in a year earning you ’ re the CEO of UFC Live! White to Make his home in California he ’ d pay 13.3 % of that or $ 360 while! Helping it reach a larger audience billion each Station Casinos in Las … Full Spectrum Services LLP © 2021 all... Is largely thanks to Dana White is selling his stake in the business for 4. The sale but will remain in charge of day-to-day operations approached them about the opportunity to buy the UFC White. Group in Vegas, the company from a small enterprise to a team of investors led by talent. Interest in the company that owns the UFC most of the champions and fighters from. -- the UFC, based on the planet Casinos in Las … Full Spectrum Services LLP © |... Friend, Lorenzo Fertitta Care about Other sports ” – Joe Rogan UFC! Much right off the bat though a failing company is up for sale total of 300.8! Inc. and purchased the company that sold the UFC, by year it also the. Million the Fertitta brothers Bought the business t Care about Other how much did dana white buy the ufc for ” – Joe Makes! ” – Joe Rogan Makes UFC Commentary Debut first UFC Live Fight on TV ( )... Chart below shows how White ’ s portion of the most Expensive Fish you Can Eat were Station... From taxes, expenses and investments being from overseas Lorenzo Fertitta LLC for $ 2 million in 2001 the!

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