Any successful entrepreneur will tell you that the key to building a viable business is to find a need in society and then start a process to satisfy that need. But the interesting thing about modern society is that the needs that need to be satisfied have become very diverse. They go beyond food, shelter, cars and some other obvious needs. In some cases, it is about the need to engage in violent and intense physical exercise. Dana White has built a multi-billion dollar empire to meet this need.
Dana White’s Bio
White was born on 28 July 1969 in Manchester, Connecticut, as Dana Frederick White Jr. He graduated from Hermon High School Maine in 1987. Dana began amateur boxing at the age of 17.
In the 90’s Dana White moved to Las Vegas to achieve great success. When he came to Vegas, he began to explore every corner of the boxing world, from boxing itself to training and directing other fighters, refereeing and running gymnasiums.
As fate would have it, at a friend’s wedding he met an old school friend, Lorenzo Fertitta, who quickly made a name for himself and ran the Vegas casinos he owned with his brother Frank. White and the Fertittas quickly found each other and remembered their love of boxing.
The perfect opportunity presented itself when White learned that Semaphore Entertainment Group, the parent company of the Ultimate Fighting Championship (UFC), was looking for a buyer for the UFC. Lorenzo Fertitta and his brother Frank were convinced by Dana White to buy the struggling company for $2 million. They let White act as president of the newly-formed parent company of the UFC, Zuffa, LLC. He owned a 9% stake in the holding company Zuffa, LLC.
The new company was not a walk in the park at first, as UFC struggled to be profitable. As reported in 2004, UFC has incurred losses of nearly $35 million since its acquisition by Ferttitas. Lorenzo, Frank, and White launched a campaign and lobbied various sports jurisdictions to legalize the sport.
While they were still struggling with the problem, they decided that an increased television presence would help the company turn the tide. It turned out to be a masterstroke. The Ultimate Fighter was born, and Zuffa paid Spike TV $10 million for airtime. The show was produced between September and October 2004 and aired in 2005.
It became a rating success for Spike TV. The TV show helped the UFC gain a whole new level of popularity with the largely male-dominated audience of Spike TV. The new television audience was the ultimate opportunity for Dana White to express the sassy and often arrogant personality that UFC fans associate with him.
In July 2016 it was announced that the UFC was sold to a group of investors led by WME-IMG. White added, however, that he would continue in his role as president. He ventured into boxing by promoting the mega-fight Floyd Mayweather Jr. against Conor McGregor, partly because McGregor was a former fighter for the UFC.
Dana White Wife, Kids
Dana White is married to Anne White. They were married in 1996. The couple has three children, two sons, and a daughter. Aidan White, Dana White, and Savannah White.
Dana White Houses
Every wealthy person has the one thing that seems to tickle their spending spree, for some, it is cars, art collections, jewelry, etc. It is safe to say that for Dana White exotic villas are his thing. White’s first villa is a $1.95 million luxury home in the enclave of Tournament Hills in Las Vegas. That was in 2006. He bought it from his partner Frank Fertitta III.
He bought three more, located on or just outside Pine Island Court in the same neighborhood. One, a 7,700 square foot house for just under $1.8 million and the other, a 5,500 square foot house for $2.4 million and a 4,700 square foot house for $2 million.
Dana White Net Worth
With a pure passion for boxing and martial arts, Dana White never thought he would make as much money from the game as he made from it. As a young man, he knew that he wanted to make a living from boxing, but he never really had a fixed plan. With perseverance, persistence and a little luck, White is currently worth an estimated $500 million.
Dana White’s Height, Body Measurements
For someone who has been a fitness fan all his life, it is no surprise that he has an impressive physique. He stands at 5ft.10 inches and weighs 88 kg.