How much is Dana White worth? $500 Million
How did Dana White earn his money and wealth?
Dana White, real name Dana Frederick White Jr., was born on 28 July 1969 in Connecticut, the US to June and Dana White. He has a sister named Kelly and the two were brought up by their mother and her family for a major part of their childhoods. He attended Hermon High School located in Maine and graduated from there in the year 1987.
Dana White is not only an American businessman but is also the current president of the UFC (Ultimate Fighting Championship). He has spent most of his time involved in some or the other sports and has always been a fan of baseball team Boston Red Sox. Dana, later on, attended the University of Massachusetts although he did not finish his studies there. While studying at the University, Dana established a boxing program meant for at-risk children in the inner city. In order to earn money during this time, he turned into an aerobics teacher. In the year 1992, he created ‘Dana White Enterprises’ in LA, and during this time, he also started managing fighters Tito Ortiz and Chuck Lidell.
While he worked as a manager to these two fighters in the UFC, Dana discovered that UFC’s parent company, ‘Semaphore Entertainment Group,’ was selling the UFC and looking for a new buyer. Dana contacted his childhood friend called Lorenzo Fertitta, who worked as an executive at the hotel and Casino Company called as ‘Station Casinos’ and was also a former commissioner of the ‘Nevada State Athletic Commission.’ Lorenzo learned the profit he would make and so, in January 2011, just within a month’s time, Lorenzo invited his elder brother named Frank to get things in action and bought the UFC, with Dana appointed as its president.
Both the Fertitta brothers paid a sum of $2 million to hold an 81 percent ownership stake in the UFC while Dana held 9 percent ownership of Zuffa, LLC, the entity created by the two brothers. In a matter of few years of buying the UFC, the UFC Dana and team turned the organization, which previously used to be seen as an illegal and barbaric one into a national phenomenon. Later in May 2016, news spread that the Fertitta brothers were planning to sell off the UFC reportedly for a sum of about $6 billion. The news went on to be true as a deal was finalized and in July 2016, the UFC was sold off to a consortium of investors who were led by WME-IMG. Dana had then confirmed about the sale, however, did not reveal the contract valuation. He further added that he would continue to still be the president of the organization.