Where did Dana White get his money?

White was born in Connecticut and started boxing at the age of 17. He tried college, but it just wasn’t the right fit. Instead, White launched his career as a boxing coach – a decision that ultimately led to Dana White’s current net worth of more than $500 million.

How much did Dana White make selling the UFC?

White, who owned 9 percent of the U.F.C. when it was sold in 2016, netted over $300 million from the deal.

Did Dana White sell his UFC shares?

Dana White to sell his remaining stake in UFC two decades after buying it for just £1.5M and turning it into a £7 BILLION company – as tech mogul Elon Musk joins the board as a director.

Who did Dana White sell UFC 2?

Lorenzo Fertitta: the Business Guy Who Bought the UFC for $2 Million—and Sold It for $4 Billion. by Sean Hyson, C.S.C.S. In 2001, Lorenzo Fertitta—co-owner of the Station Casinos in Las Vegas—bought the Ultimate Fighting Championship for $2 million with his brother, Frank.

How much of the UFC does Dana White own?

White owned 9\% of the company at the time of the sale. White announced he would continue in his role as president, and was given a stake in the new business. In May 2017, the UFC announced White would host Dana White’s Contender Series.

How did Lorenzo White get the UFC name?

In January 2001, Lorenzo and his older brother Frank acquired the UFC for $2 million, which subsequently became a subsidiary of Zuffa. White was installed as the company’s president. White said that when he and the Fertittas acquired the UFC, all they received was the brand name “UFC” and an old octagon.

How much did it cost to buy the UFC?

The sale is remarkable considering that brothers Lorenzo and Frank Fertitta bought the organization in 2000 for $2 million. The price paid for UFC is roughly seven times its gross revenue, as chairman Lorenzo Fertitta told CNN that the organization took in about $600 million in 2015.

What is Dana White famous for?

Dana White. Dana Frederick White Jr. (born July 28, 1969) is an American businessman and the current President of the Ultimate Fighting Championship (UFC), which is the largest mixed martial arts (MMA) organization in the world. Under White’s leadership, the UFC has grown into a globally popular multibillion-dollar enterprise.