How Ric Flair Achieved a Net Worth of $3 Million

Ric Flair

Ric Flair, whose birth name was Richard Morgan Fliehr (pronounced flair, not flyer) will amazingly be turning 70 in a few months. He is one of professional wrestling’s most famous and popular names, making appearances in both the WWE (World Wresting Entertainment) network and as a member of the WCW (World Championship Wrestling) circuit. He continues to be beloved by fans since his 1973 debut at the IWE (International Wrestling Enterprise) competition on Japan.

Flair has had an interesting life, where he has managed to amass about $3 million. First, he had been adopted as a child, making his childhood more than a bit challenging. It was in his high school years that he took up the sport of wrestling, also participating in football and track team sports. From there, he went to college but opted to drop out of pursue a professional wresting career. In 1973, television was just beginning to churn out money for wrestling as well as roller derby as alternatives to the major sports of baseball, football, hockey, and basketball.

What set Flair apart from many of the other wrestlers was his between the ropes flair. It any sports you need to find a way to separate yourself from the pack, and Flair had the type of charismatic personality that would lay the foundation for him to accumulate his millions. The style earned him the title of “Nature Boy” – a name that would define him for the rest of his career after quickly recovering from an airplane crash.

Based on data from the WCW, Flair’s best year in wrestling from a financial perspective was 1998 when he made more than $780,000. Overall, his total career earnings for his WCW career amounted to nearly $2 million, placing in the lucky 13 spot on the WCW list and potentially accounts for the lion’s share of his total net worth. Obviously, Flair had traveling and professional expenses during the course of his career, so a conservatives estimate is that he could have potentially saved about one half of those earnings. He had other sources of income from personal endorsements and guest appearances, but wrestling is not as lucrative as one of the Big Four major sports in America.

While total net worth numbers tend to be on the low side for celebrities because they keep some of their financial information under close guard, in Flair’s case he had the potential to have a much higher number. But the $3 million may actually be a bit high. One of the biggest reasons is Flair’s lack of financial discipline and personality, the latter ironically having brought him most of his wealth. Consider a few select statements made by him that are indicative of his attitude towards wealth and work.

“The most I ever work is three days a week. Very rare that I will work four.” Not this is tempered by his claim that the majority of his life was focused on his children, raising them and spending time with them. But the statement seems to be one where he chose to limit his income potential simply because he knew he could make a lot of money with only a few days work. But as many sports professionals know, you strike while the iron is hot to maximize the value of your popularity.

“When last year I spent more money, on spilled liquor, in bars from one side of this world to the other, than you made! You’re talking to the Rolex wearing, diamond ring wearing …” Flair definitely both his popularity and the money that came with it, but luxury lifestyles require consistent sources of cash. It can be argued that the Rolex and diamond ring were all part of the Nature Boy image, but given his best year was only around three-quarters of a million dollars, the money can go fast.

Ric Flair probably doesn’t need much money at 70, and unless he had a child when he was in his mid-50’s his time is largely his own. The problem with time is that you legacy fades, and your charisma is replaced by someone who is more in tune with the new generation of sports wrestling fans. The $3 million net worth is likely to fade away as well, and what he will have to pass down to his children other than his legacy is something we will have to wait to see.


Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Shakespeare
20 Shakespeare Quotes that Apply to Business
Bill de Blasio
10 Things You Didn’t Know About Bill de Blasio
JB Pritzker
10 Things You Didn’t Know About JB Pritizker
Boot Barn
How Boot Barn Became One Of The Leading Clothing Retailers
stocks
Is Fabrinet a Solid Long Term Investment?
Stocks
Is Antero Resources Stock a Solid Long Term Investment?
Chase
How to Prequalify For Chase Credit Cards
Tax
What OASDI Tax is and Why It Matters
St. Mark’s National Wildlife Refuge
20 Best Things to Do in Tallahassee for First Timers
Glenbow Museum
20 Things to Do in Calgary for First-Timers
Little Nonna's
The 10 Best Italian Restaurants in Philadelphia
Erie Maritime Museum
The 20 Best Things to Do in Erie, PA, for First Timers
Volvo's Polestar
Volvo’s Polestar May Be the Four-Door Electric Car of the Future
2021 Genesis GV80
10 Things You Didn’t Know About the 2021 Genesis GV80
2021 Hyundai Elantra 2
10 Things You Didn’t Know About the 2021 Hyundai Elantra
2020 Audi Q5 Hybrid
The 10 Most Efficient Small Hybrid SUVs
The Iconic No. 1 by TID
The 20 Best Minimalist Watches for Men
Brew Watches
10 Things You Did Not Know About Brew Watches
Phoibos Ocean Master PY005B 1000M Automatic Diver Watch
The 10 Best Phoibos Watches Money Can Buy
Raven Solitude LE
The 10 Best Raven Watches of All-Time
Jake Tapper
How Jake Tapper Achieved a Net Worth of $10 Million
Jared Padalecki
How Jared Padalecki Achieved A Net Worth Of $12 Million
Tati Westbrook
How Tati Westbrook Achieved A Net Worth Of $6 Million
Gwyneth Paltrow
How Gwyneth Paltrow Achieved a Net Worth of $100 Million