UFC's CEO Dana White Once Lost $3 Million Gambling in One Night ...Saudi Arabia

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"I've never been interested in joining a board of directors until I got the offer to join Meta's board,” White said in a statement. "I am a huge believer that social media and AI are the future. I am very excited to join this incredible team and to learn more about this business from the inside. There is nothing I love more than building brands, and I look forward to helping take Meta to the next level."

White is credited with saving the UFC from going out of business in the early 2000s and helping the sport break into mainstream media. Since then, his net worth has exploded into the millions, along with the many fighters he’s signed.

White was born on July 28, 1969, in Manchester, Connecticut, and loved fighting sports from an early age. He watched his first boxing match – featuring the legendary Muhammad Ali – at just 5 years old.

"I'm standing in the lobby one day, and just thinking, 'What the hell am I doing here?'...I make cash every day, plus get a check at the end of the week, got great benefits...but I'm not happy here," White told Forbes in a 2014 interview. "So I literally walked out the front door, told my buddy I was quitting. Of course he told me I was nuts and [asked me], 'What are you going to do?' And I said, 'I'm gonna get into the fight business.' And that's it...That's what I did."

Along with a few friends, White formed Zuffa LLC and bought the struggling UFC in 2001; eventually turning it into a multibillion-dollar company. 

What is Dana White’s net worth in 2025? 

Dana White has an estimated net worth of $500 million, according to Celebrity Net Worth. Much of his net worth came from selling his stake in the UFC in 2016, although he still works as the company’s CEO.

"I ended up finding that out, that they're in trouble, and they're probably going to go out of business," he said in his interview with Forbes. "And I'd been to a [UFC] event, and I was looking around and thinking, 'Imagine if they did this, and imagine if they did that. This thing could actually be really big.'"

Related: Ronda Rousey's Net Worth in 2025 and Whether She'll Ever Return to the UFC or WWE

How much did Dana White sell the UFC for? 

Though White no longer owns the UFC, he continues to run it from the position of CEO. And it’s a very lucrative endeavor. He reportedly makes around $20 million per year, a large share of which comes from UFC income such as events, sponsorships and more.

What does Dana White spend his money on?

White spends his money like many other wealthy businessmen: on things like yacht trips, gambling and mansions. 

White is also a regular gambler whose wallet has taken big hits over the years. In a 2024 appearance on the Lex Fridman podcast, he revealed he once lost $3 million while gambling drunk in Rio. “This was a huge learning lesson for me,” he said, “so I never drank again when I was playing cards after that night.”

But he’s not always irresponsible with his millions. In fact, White’s nine-bedroom, 14-bathroom Las Vegas mansion – valued around $50 million – was a very good investment on his part. He purchased the home in 2006 for just $1.65 million.

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