The world has recently seen a rise of far too many billionaires done in the past few years. Diverse in fields but playing the same tune of money, these billionaires have set significant markers of wealth that are beyond reach. They are routinely featured in magazines and articles citing their net worth and their achievements. However, a common myth is that the billionaires only belong to the business class or the corporate world, but that isn’t true and that Dana White net worth has proved.
An American businessman with a net worth of nearly $500 million, Dana White hails from a sporting background and actively promotes sports. He is most famous for being the ongoing President of an MMA (mixed martial arts) organisation that goes by the name of Ultimate Fighting Championship (UFC). In 2016, UFC was sold to William Morris Endeavor (WME); at that time, Dana 9% of the company was held by Dana White. Before that, he settled on selling the UFC to casino giants, the Fertitta brothers. Dana White’s share of the 9% from the sale accounted for $360 million, which was the then Dana White net worth.
Let us have a look at Dana White’s background from his very childhood age before we head into details of his recent gains in the monetary field.
Born in Manchester, Connecticut on 28th July in 1969, Dana White’s full name is Dana Frederick White Jr. Dana and his sister Kelly, son and daughter of June and Dana White, spent their early lives raised by their grandparents and mother. Dana Jr. constantly shuffled between Vegas and Mains in his youth. Dana completed his graduation in 1987 from Hermon High School in Maine. Dana, since the very beginning, had an undying interest in sports, in particular, boxing; much of his life was spent in sports, therefore. Boston Red Sox and their matches were ones that Dana never missed, being an ardent fan of baseball too.
The Fortune Base:
It is time to jump on to the climax, the career, consequent achievements and the path that leads to Dana White net worth.
After his graduation, the University of Massachusetts was the next on Dana’s to-be list of achievements, which he could not complete eventually. But he started somewhat on his track of being what he is today in the face of helping the children in the city by opening a boxing program for them. If that isn’t enough, he also became an instructor of aerobics to make a living. Later in 1992, Dana White Enterprises came into existence when he completely shifted to Vegas. The time was ripe as he had started to contact great fighters such as Tito Ortiz and Chuck Lidell and finally started managing them. He did not stop there, though and continued stepping into other fighting fields, be it MMA or others, which we now know of as an essential fighting style in UFC.
Lorenzo Fertitta, an old schoolmate of White, had by then announced his entry into the casino world, holding the position of an executive at Station Casinos. Their reunion, though surprising, happened around the ’90s, and a newer bond developed between them, one that was going to be more of a business idea in the boxing world.
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The Ultimate Win:
A successful run is always accompanied by hurdles; White’s journey was the same before we knew and talked about Dana White net worth; he was involved in enraging disputes with UFC when he was managing fighters. The cause of the conflict is expected to be the bankrupt condition of Semaphore Entertainment Group, which came into notice of Dana White. Semaphore Entertainment Group was the handling firm of UFC. White sought a solution and struck a deal with his friend Lorenzo.
Fertitta couldn’t let go of the offer when he had the means for it; he struck UFC for 81% of its stakes, the deal was finalised at $2 million, that was back in the year 2001. It wasn’t much later when Frank Fertitta, Lorenzo’s brother, joined the party and the Fertitta brothers appointed the President of UFC in the face of Dana White. Since UFC sought its new horizon, it has emerged as one of the most phenomenal international firms with soaring profits. White, since then has flourished, the dispute with Semaphore brought him nothing but good.
UFC, even after its sales, continues to be run by Dana White as its President and thrives under him. White has shown us how to turn a sport into a business capable of turning him into a billionaire. If this wasn’t enough of an achievement for him, Dana White’s Contender Series was announced by UFC in 2017 with White as the host of it. The show is dedicated to streaming blooming fighters and is a pedestal for fighters who want to make a name in the field. Dana never seems to stop and continued to amaze us with his achievements; it was in early 2019 that an announcement was made by him that he would be the President for the next seven years of UFC, as was documented in a signed contract between him and ESPN which will significantly boost Dana White net worth.
A list of medals and awards followed Dana White. From being the winner of Nevada Sportsman of the Year in 2009 to the Leading Man of Year at the World MMA Awards consecutively for 12 years from 2008, White won many such titles and recognitions along the way. His most faithful and finest accomplishment can be attributed to him being awarded the Patriot Award in 2019 by the Armed Forces Foundation. Dana White’s struggles and fighting skill set both in and off the ring have placed him on the peak where he is today.