Dana White’s net worth is valued at $500 million
Dana White’s Annual Salary is $20 million
What is Dana White’s salary and net worth?
Dana White is an American promoter and businessman with a net worth of $500 million. Dana White is best known as the current President of the mixed martial arts organization Ultimate Fighting Championship (UFC).
In 2016, when UFC was sold to William Morris Endeavor (WME) for $4 billion, Dana owned nine percent of the company. Prior to that, he had sold the majority to the Fertitta brothers (billionaire casino magnates). After taxes, Dana’s 9 percent share of the sale amounted to approximately $360 million.
Dana Frederick White Jr. was born in Manchester, Connecticut on July 28, 1969. He is June and Dana White’s son. His mother and grandparents substantially raised Dana and his sister Kelly. His youth was spent traveling between Las Vegas and Maine. White spent the majority of his time as a child participating in sports, particularly boxing, and is a lifelong fan of the Boston Red Sox. In 1987, he graduated from Hermon High School in Maine.
White continued his education at the University of Massachusetts, but did not graduate. During his stay, he established a boxing program for at-risk inner-city children. During this time, he also became an aerobics instructor to support himself. Eventually, he moved to Las Vegas full-time and established Dana White Enterprises in 1992.
Approximately at this time, he began managing Chuck Lidell and Tito Ortiz. White expanded his horizons to include other fighting styles, such as Mixed Martial Arts and Muay Thai, which would later define the UFC.
Fortunately for White, he had attended high school with Lorenzo Fertitta, an executive at hotel and casino company Station Casinos and a former classmate. In the mid-1990s, the two reconnected at a wedding, where they bonded over their mutual love of boxing and expressed their desire to work together in the future.
White became embroiled in disputes with the UFC while serving as a manager ofștiins. After examining the finances of Semaphore Entertainment Group, the UFC’s parent company, he discovered that it was going bankrupt. White approached his childhood friend Lorenzo Fertitta with an offer upon hearing the news.
Lorenzo quickly recognized the potential for profit and made a deal to purchase the UFC. Additionally, Lorenzo invited his older brother Frank to participate. In 2001, the Fertitta brothers paid a total of $2 million for an 81 percent stake in the UFC. White was quickly elected president. Since purchasing the UFC, White and his team have transformed the organization, which was once considered barbaric and illegal, into an international phenomenon.
White has continued to serve as president of the company even after its sale. Under his direction, he was able to increase the sport’s popularity and transform it into a multibillion dollar industry. In May 2017, the UFC announced that White would host a show titled Dana White’s Contender Series. The show is only available through UFC Fight Pass, UFC’s digital streaming service. It gives up-and-coming fighters the opportunity to demonstrate their skills so that they may one day compete in the UFC. White announced on March 18, 2019 that he had signed a new seven-year contract with ESPN to continue serving as UFC president.
White used derogatory and explicit language towards reporter Loretta Hunt in 2009, after she published an article about him that angered him. He used homophobic slurs in reference to the sources of her reports. GLAAD demanded an apology from White and the UFC for the anti-gay slur, which he subsequently issued.
White and his wife Anne have been married since 1996. When they were in the eighth grade, the two met. Savannah is the couple’s daughter. They also have two sons, Aidan and Dana III. White prefers to maintain the privacy of his family life.
In May 2012, White announced that he had been diagnosed with Ménière’s disease, a neurological disorder he claims was caused in large part by a fight he was involved in as a child.
White was a fervent supporter of Donald Trump’s first presidential campaign, going so far as to deliver a speech at the 2016 Republican. During Trump’s 2020 reelection campaign, White once again lent his voice in support of the president, speaking at rallies and in interviews about how Trump was an early supporter of the UFC, allowing one of its first major events to be held on his property.
In 2010, White donated $50,000 for a liver transplant for Tuptim Jadnooleum, the daughter of one of the Tiger Muay Thai instructors. In 2011, White gave his former high school $100,000 for renovations.
In 2009, White was named Nevada’s Sportsman of the Year. He won Promoter of the Year at the Wrestling Observer Newsletter Awards for nine consecutive years. From 2008 to 2019, White was named Leading Man of the Year at the World MMA Awards. In 2019, the Armed Forces Foundation awarded White the Patriot Award.
Sale of UFC to WME
Before selling his stake in the company, Dana owned nine percent of the UFC. It was reported in May 2016 that the Fertitta brothers were in advanced negotiations to sell the UFC for as much as $6 billion. At that price, Dana’s 9 percent stake in the company would have been worth $540 million. In July of 2016, it was confirmed that WME-IMG had purchased UFC for $4 billion. That is $360 million for Dana before taxes.