WWE and UFC concur to combine to form a new business to be led by Ari Emanuel and Vince McMahon, know the net worth of Emanuel
World Wrestling Entertainment, owned by Vince McMahon, and UFC have agreed to merge to form a new publicly traded company that will be governed by Endeavor Group, the businesses announced on Monday morning.
The agreement states that WWE shareholders will own 49% of the new combat sports and entertainment business, while Endeavor will own 51% of it.
Who is Ari Emanuel of Endeavor Group, net worth in 2023, wife, clients list
The agreement values WWE at $9.3 billion and Endeavor’s UFC at $12.1 billion, per a press release from the businesses.
It’s expected that the agreement will be completed in the second half of 2023. Shares of WWE declined more than 2% and those of Endeavor fell more than 5% on Monday.
The businesses state that Ari Emanuel will be the new company’s chief executive.
Additionally, McMahon will hold the position of executive chairman, and Mark Shapiro will continue to lead the new company in these roles as president and COO.
Ari Emanuel and Vince McMahon on CNBC talking the Endeavor-WWE Deal
Ari Emanuel says he wouldn’t have let Vince McMahon walk away pic.twitter.com/bceJJJYdfV
— WrestlePurists (@WrestlePurists) April 3, 2023
Know about Ari Emanuel
Ariel Zev Emanuel, a businessman from the United States who was born in 1961, is the CEO of Endeavor, a media and entertainment firm that owns the UFC. He is around 61-62 years old.
As a founding partner and agency founder, he contributed to the merger of the Endeavor Talent Agency and the William Morris Agency in June 2009.
Who is Ari Emanuel’s wife?
Emanuel’s wife is Sarah Hardwick Addington, and they have three sons together.
When Emanuel demanded that Mel Gibson be blacklisted in Hollywood as a consequence of his anti-Semitic remarks made while being detained for DUI in July 2006, he garnered a lot of media attention.
Real Estate Assets
Although Ari spent $9.8 million on a home in Los Angeles in 2015, it is not his primary domicile. He is still the owner currently.
The same year, Ari spent $16.55 million on a house in the Brentwood neighbourhood of Los Angeles.
In 2018, he paid $11.5 million to buy his neighbour’s property with the goal of transforming it into a spectacular 1.25-acre estate.
Ari sold the first Brentwood house for $19.4 million instead of building a complex for whatever purpose. He lost about $4 million when he sold the second house for $6.5 million, which tragically eliminated the pleasant profit.
In October 2020, Ari spent $27.5 million in a Beverly Hills, California, home. The buyer was Edward Slatkin, proprietor of several luxury hotels, including the nearby Shutters on the Beach and Hotel Casa del Mar in Santa Monica. Slatkin’s original asking price for the house was $36 million.
Stock Holdings
According to the company’s IPO document released in April 2021, Ari and Patrick Whitesell collectively own 37.6 million of the 430 million shares of Endeavor.
Upon the prospectus’s release to the public, the share price was fixed at $24. At that time, the combined net wealth of Whitesell and Emanuel would have been around $450 million.
What is Ari Emanuel’s net worth?
Ari Emanuel, a famous agent from the United States, is worth $450 million. Ari Emanuel’s position as co-CEO of the media and entertainment company William Morris Endeavor-IMG is his most notable achievement.
After two years of calls, Whitesell joined Endeavor, bringing with him a client list that included Matt Damon, Ben Affleck, and Christian Bale and Emanuel’s client list includes Dwayne “The Rock” Johnson, Charlize Theron, Mark Wahlberg.