Dana White’s story of becoming UFC’s $500m magnate and his new venture

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Dana White may now be worth more than $ 500 million (£ 386 million), but the UFC magnate didn't always have an abundance of wealth.

The 50-year-old was born into a humble family in Manchester, Connecticut, before moving to Boston, where Whitey Bulger & # 39; s feared Winter Hill Gang ran amok among the working class.

When White was 19 years old from a job as a hotel room, White set his eyes on the boxing world and fought for more than a decade, dropped the training, and referenced the sport.

Dana White is now worth more than $ 500 million, but he didn't always have an abundance of wealth

The now multi-millionaire came from humble roots and grew up in Boston with his mother June (pictured together)

White is pictured with his mother June when he was a teenager

The now multi-millionaire came from humble roots and grew up in Boston with his mother June (along left, when White was a child, and right, when he was a teenager)

The UFC magnate is pictured in his middle school year book when he had a full head of hair

The UFC magnate is pictured in his middle school year book when he had a full head of hair

But in the early '90s, he was visited by two thugs at a gym in South Boston – an area run by the Bulger's alliance – that he said he paid her $ 2,500 ( £ 1,929) who.

He told Forbes: & # 39; That thing fell down where & # 39; they were trying to get money from me, and I got the phone call one day, and they were actually like, & # 39; & # 39; You have until Sunday to pay us & # 39; & # 39;. & # 39;

White dropped everything he had and got on a plane to Las Vegas.

Living in Sin City, the businessman went to a friend's wedding and stumbled upon old schoolmate Lorenzo Fertitta.

With the help of stars like Conor McGregor (R), UFC has gone global under White & # 39; s vision

With the help of stars like Conor McGregor (R), UFC has gone global under White & # 39; s vision

In the early years & # 39; White (pictured with his mother and one of his children) was visited by two thugs at a gym in South Boston - an area run by the Bulger alliance - that said he owed her $ 2,500

In the early years & # 39; White (pictured with his mother and one of his children) was visited by two thugs at a gym in South Boston – an area run by the Bulger alliance – that said he owed her $ 2,500

The entrepreneur, now 51, gained traction as a casino owner – alongside his brother Frank – and established a solid bond with White, promises to work together.

It was at this point that White left boxing in favor of MMA. He started out small in the growing sport, managing only a few fighters who were in the & # 39; e UFC were.

After settling with top buyer over & # 39; his warriors' contracts, White discovered that the company was in deep financial trouble and & # 39; probably went out of business.

He reached an agreement with the Fertitta brothers to buy the UFC and took the plunge in January 2001 when they founded Zuffa, LLC membership and bought it from Semaphore Entertainment Group for $ 2 million (£ 1.5 million) .

White stood as his president and gained rights to fight in Nevada, making Las Vegas the centerpiece for the company.

White agreed with old-school pal Lorenzo Fertitta (center R) to buy the UFC in 2001

White agreed with old-school pal Lorenzo Fertitta (center R) to buy the UFC in 2001

White stood as president and secured rights to make Las Vegas a fighting hub for the UFC

White stood as president and secured rights to make Las Vegas a fighting hub for the UFC

White appeared nervous in his young years before he developed into a composite figure

White appeared nervous in his young years before he developed into a composite figure

UFC blew up, and under White & # 39; s vision, the last few years have been transformed into a multi-billion dollar global franchise with household names such as Conor McGregor and Jon Jones flying the flag for the sport.

Rumors, however, continue to swirl that White is looking to go back into his old boxing season.

The father of three was probably looking to rescue what he called the & # 39; broken & # 39; model that & # 39; fixed & # 39; had to.

He told me Sirius XM in October: & # 39; I literally have everyone in & # 39; a sport met minus (Bob) Arum, minus (Oscar) De La Hoya.

& # 39; Everyone is willing to work together and everyone is interested. I don't act like I know everything and I'm the guy who keeps boxing, I don't know.

& # 39; What I know is the system and the model is broken, and it needs repair. & # 39;

White admitted that after an initial misunderstanding with Eddie Hearn about & # 39; taking a run & # 39; at Anthony Joshua, he liked the promoter and felt they could work together.

Still, the news may come as a shock to some fans, something with White previously saying he wouldn't look to go to boxing.

He told me Sportsmail in 2013: & # 39; I never plan to take over boxing. I love boxing; I came from boxing. I laughed at MMA and said & # 39; & # 39; do you know what a boxer would do to an MMA man? & # 39; & # 39; And then I was charged with the truth.

& # 39; Have you ever seen something that generates billions of dollars, but to & # 39; has no market value at the end of & # 39; The New England Patriots are a team that doesn't have a stadium and have jerseys and generate tons of revenue; So does the UFC. & # 39;

He added: & # 39; Boxing is fragmented and no one worries about the future of boxing. All these boxing guys want is to make as much money as they can, rip it out of the sport of boxing and stick it in their pockets.

& # 39; They don't care about tomorrow; it's about what they can make today. & # 39;

White returned to boxing to promote Floyd Mayweather vs. McGregor in 2017

White returned to boxing to promote Floyd Mayweather vs. McGregor in 2017

Rumors are swirling now that White is looking to go back to his old boxing season

Rumors are swirling now that White is looking to go back to his old boxing season

However, White has since turned out to have a change of heart. In 2017, he tipped about a potential move back into boxing after co-promoting the game-changing crossover fight between Floyd Mayweather and Conor McGregor that August.

In December last year, White also confirmed that he has a deal in place, which was closed at a basketball game, to work with Mayweather in 2020 – with the relentless grand plan to retire amid rumors of rematches against McGregor as eight-weight world champion Manny Pacquiao.

There have also been reports that White and Ari Emanuel held meetings with boxing promoter Al Haymon about possible acquisition of Premier Boxing Champions – an ongoing series of television boxing fights – that did not lead to Zuffa's role in sports becoming more prominent.

Outside of sports, White has been married to the love Anne of & # 39; middle school since 1996, with her children sharing Savannah, Dana Jnr and Aidan.

The family is known to have a farm in Pine Island Court, Las Vegas, which was purchased in 2006 for $ 1.95 million (£ 1.5 million), as well as three other homes in the area between 2016 and 2017, that totaled $ 6.2 million (£ 4.8m) in total.

The American said he would be open in the future to work with boxing promoter Eddie Hearn

The American said he would be open in the future to work with boxing promoter Eddie Hearn

White confirmed in December that he will work with retired boxing legend Floyd Mayweather in 2020

White confirmed in December that he will work with retired boxing legend Floyd Mayweather in 2020

White has fought Meniere's Disease, which he attributes to being jumped and beaten for 20 minutes when he was 21 and still living in Boston.

The declining condition affects the inside. It causes problems with hearing, balance and nausea.

The businessman told the Joe Rogan podcast in 2013: & # 39; It's like vertigo on steroids. The nerve tells the brain that we move when we're really not and it causes it – when I say spin, the room starts to spin so hard that you have to tackle something. & # 39;

But he said after & # 39; conversations with then-Yankee star Alex Rodriguez he tried a tribal treatment in Germany & & # 39; I am 100 percent cured & # 39 ;.

The UFC boss is also known to be a good friend of Donald Trump, with the president now running Atlantic City Hotel hosting Ultimate Fighting Championship events shortly after & # 39; White's control of the league name.

White spoke at Cleveland's Republican National Convention that nominated Trump.

The UFC boss is known to be a good friend of Donald Trump (pictured together in November)

The UFC boss is known to be a good friend of Donald Trump (pictured together in November)

Pictured Carlos Newton (left) fighting with Pat Miletich at the Trump Taj Mahal in May 2001

Pictured Carlos Newton (left) fighting with Pat Miletich at the Trump Taj Mahal in May 2001

He told the crowd: & # 39; I spent my entire life in & # 39; e combat company been. I know fighters. Ladies and gentlemen, Donald Trump is a fighter and I know he will fight for this country. & # 39;

And he even credited Mr. Trump for his role in the & # 39; UFC when & # 39; it started.

He told the Washington Times in 2018: & # 39; That man gave us the beginning when & # 39; no one would talk to us. No arena wanted us. & # 39;

The US president has of course also dipped his toes in the past.

Trump enjoyed a fruitful relationship with Mike Tyson in the late years & # 39; 80 after the tycoon of real estate a reported $ 11 million (£ 8.5 million) existed to create the 91-second fight between Tyson and Michael Spinks in 1988.

In the immediate aftermath, Trump was hired as a consultant amid a rift with long-time manager Bill Cayton before cutting ties with Tyson following his shock-out defeat to James & # 39; Buster & # 39; Douglas.

White remains busy taking the UFC to new heights, but with more appetite for crossover fights than ever, and his history with boxing, we may just have to return to his first real love.

. (tagsToTranslate) dailymail (t) sport (t) mma (t) Dana White (t) UFC (t) Floyd Mayweather (t) Conor Mcgregor

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