UFC wouldn’t be the place it’s at the moment if it weren’t for the smart management in Dana White, who took it from grass to grace. However did he additionally earn his wealth whereas rising it?
Dana Fredrick White Jr. is an American businessman popularly often known as the President of the Final Preventing Championship (UFC). Being a multi-billion firm, most have been asking what Dana White’s internet price could possibly be.
Earlier than changing into president in 2001, White was not nicely off. However his fortune has been growing exponentially, and he’s reported to be incomes round $20 million a yr. Is he a billionaire? Preserve studying to search out out extra.
Dana White’s Humble Background
Born in Manchester, Connecticut, in 1969 to June and Dana White, he had a humble upbringing. On the age of 17, he began his boxing profession. Two years later, he pursued boxing, coaching different folks, preventing, and managing them.
At the moment, conducting such an operation in Boston was difficult because the Boston mob moved round amassing cash to allow you to function. White was required to pay $2,500 to work within the space. This was the top of this milestone, and he determined to maneuver to Las Vegas since he couldn’t afford the quantity.
As soon as he received to Las Vegas, he managed two fighters, Chuck Liddell and Tito Ortiz who fought within the UFC.
Following a disagreement in one of many fighters’ contracts, Dana realized that UFC was financially troubled and was about to go bankrupt. He took an curiosity on this and knowledgeable his buddies, the Fertitta brothers, who purchased the UFC for $2 million. The brothers appointed Dana White as President of the UFC in 2001. Though
UFC struggled initially. White steered it right into a money-making firm and was later bought in 2016 for a whopping $4 billion. The brothers additionally gave White a 9% stake within the Zuffa LLC that purchased and managed the UFC.
UFC Beneath Dana White
Earlier than he grew to become president, UFC confronted chapter. He reworked the corporate, making it a multi-billion enterprise, changing into a millionaire within the course of.
White elevated ads, pay-per-view, and DVDs. Additionally they received into actuality TV collection.
UFC rose again from ashes after they organized the UFC 40 occasion in 2002 with a battle between Tito Ortiz and Ken Shamrock. This was the primary occasion they made cash from an occasion.
Beneath his management, the corporate turned to be the biggest MMA proportion firm worldwide.
Right this moment, UFC fights are aired in 175 nations and have over 100 coaching services on the planet. Even after it was bought, he remained the president. He’ll stay president for the subsequent 5 years.
In 2018, he secured a partnership with ESPN, giving them unique rights to the UFC.
Though the corporate might need felt the pandemic’s severity, White has nonetheless managed to placed on some occasions.
Dana White’s Internet Value
Dana White has earned numerous his wealth as president of the UFC. He has an estimated internet price of $500 million and earns round $20 million yearly.