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Lyor Cohen

Lyor Cohen Net Worth

2021 Net Worth:$75 Million

Net Worth:$75 Million
Full NameLyor Cohen
Birthday:October 3, 1959
Country of Origin:United States of America
Source of Wealth:Music Industry Executive

Lyor Cohen Net Worth

Lyor Cohen is an American music industry executive who has a net worth of $75 million dollars. Cohen has been actively involved in hip hop at various record labels for more than 30 years. Cohen took on a leadership role at Warner Music Group. In September 2012, Cohen resigned from Warner and started his own independent label, 300 Entertainment. On September 28, 2016, Cohen was named YouTube’s Global Head of Music.

After attending the University of Miami and receiving a degree in global marketing and finance, he began working for music shows in Los Angeles. He also worked as Run-DMC’s road manager and soon began taking on more work responsibilities while working himself “up the chain.”

In 1989 he made a big switch and began working for music labels rather than artists themselves. He would go on to work for Def Jam, Island Def Jam, and Universal Music Group. In 2004 he was named Warner Music Group’s chairman and chief executive, a position he held until 2012. During this time he is widely credited for growing the label, specifically by allowing YouTube and Spotify to access various Warner Music Group material.

While his involvement still remains unclear, it’s been announced that Cohen is starting a company called 300 Entertainment, named after the Spartans in the movie 300. The company is set to act as both record label and marketing company, as well as having a hand in distribution, with support from search engine mogul Google, as well as Atlantic Records.

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Entrepreneurs

Elaine Wynn

Elaine Wynn Net Worth

2021 Net Worth:$2 Billion

Net Worth:$2 Billion
Full NameElaine Farrell Wynn
Birthday:April 28, 1942
Country of Origin:United States of America
Source of Wealth:Businessperson

Elaine Wynn Net Worth

Dubbed the “Queen of Las Vegas,” Elaine Wynn is an American businesswoman and has a net worth of $2 billion dollars which makes her one of the richest people in Nevada. She co-founded Mirage Resorts and Wynn Resorts with her former husband, Steve Wynn who she had been married and divorced twice.

Wynn was born to a middle-class Jewish family on April 28, 1942, in New York City. She graduated from George Washington University, where she received a bachelor of arts degree in Political Science in 1964.

After marrying Steve during her third year of college, Wynn worked Sundays at his father’s Maryland bingo hall before the couple moved to Las Vegas. They launched Mirage Resorts in 1973 and went on to cofound Wynn Resorts in 2002. Wynn served as a board member for 13 years until 2015.

Wynn is the company’s largest shareholder, with a 9% stake valued in May 2018 at nearly $2 billion. In 2018, after revelations of Steve Wynn’s reported sexual harassment of multiple Wynn employees, and payments to cover up those allegations that were kept secret from the board of directors, he sold his 12% share of the company and agreed to return voting rights to Elaine Wynn (which she had signed away during their 2010 divorce agreement).

Her ex-husband and cofounder Steve Wynn cashed out entirely and stepped down as CEO amid sexual misconduct allegations, which he has denied.

In June 2018, Wynn successfully led a shareholder proxy campaign to remove John Hagenbuch from the board, due to his conflict of interest created by ties to the company’s former CEO

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Entrepreneurs

Dana White

Dana White Net Worth

2021 Net Worth:$500 Million

Net Worth:$500 Million
Full NameElizabeth Stamatina “Tina” Fey
Birthday:May 18, 1970
Country of Origin:United States of America
Source of Wealth:Businessperson, Promoter, Television producer

Dana White Net Worth

Dana White is an American businessman and sports promoter who has a net worth of $500 million. Dana White is best known for being the President of the Ultimate Fighting Championship (UFC), a mixed martial arts organization. When UFC sold to William Morris Endeavor (WME) in 2016, Dana owned 9% of the company. He had previously sold the majority to the Fertitta brothers (billionaire casino magnates). After taxes, Dana’s 9% cut from the sale was around $360 million.

He spent his youth going back and forth between Las Vegas and Maine. While growing up, White spent much of his time involved in sports, particularly boxing, and is a lifelong fan of the baseball team the Boston Red Sox. He graduated from Hermon High School in Maine in 1987.

White went on to attend the University of Massachusetts, though he did not finish. While he was there, he opened up a boxing program for at-risk children in the inner city. To make a living during this time, he also became an aerobics instructor. Eventually, he relocated full-time to Las Vegas and, in 1992, established Dana White Enterprises.

It was around this time that he began managing fighters Chuck Lidell and Tito Ortiz. White continued to expand his horizons into other styles of fighting, including Mixed Martial Arts and Muay Thai, styles that would later come to define the UFC.

Luckily for White, he had grown up with Lorenzo Fertitta, a former high school classmate who had made a name for himself as an executive at hotel and casino company Station Casinos. The two reunited at a wedding in the mid-’90s, bonding over their shared love of boxing and stating that they hoped to work together in the future.

It was while managing fighters that White became embroiled in disputes with the UFC. After looking into the finances of Semaphore Entertainment Group, the parent company of the UFC, he found that they were going broke. At learning the news, White approached his childhood friend, Lorenzo Fertitta, about making an offer.

Lorenzo quickly saw the profit that could be had and he made a deal to buy the UFC. Lorenzo also invited his older brother Frank to get in on the action. In total, the Fertitta brothers paid $2 million in 2001 for an 81% ownership stake in the UFC. They soon appointed White as president. In the years since buying the UFC, White and his team have taken the organization, which used to be seen as barbaric and illegal, and turned it into an international phenomenon.

White has continued to act as president, even after the sale of the company. Under his leadership, he has been able to increase the popularity of the sport and turn it into a multi-billion dollar business. The UFC announced in May 2017 that White would be the host of a show called Dana White’s Contender Series. The show is only available through UFC’s digital streaming service, UFC Fight Pass. It features up-and-coming fighters and gives them the opportunity to showcase their skills so that they may one day make it to the UFC. White revealed on March 18, 2019, that he had penned a new seven-year contract with ESPN to remain the UFC president.

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Entrepreneurs

Robert F. Smith

Robert F. Smith Net Worth

2021 Net Worth:$5 Billion

Net Worth:$5 Billion
Full NameRobert Frederick Smith
Birthday:December 1, 1962
Country of Origin:United States of America
Source of Wealth: Businessman, Entrepreneur

Robert F. Smith Net Worth

Robert F. Smith is an American businessman, philanthropist, chemical engineer, and investor who has a net worth of $5 billion. He is the founder, chairman, and CEO of the investment firm Vista Equity Partners. Forbes has named Smith on several business lists, including its list of the 100 greatest living business minds, and the wealthiest people in America. 

He is the first black man to sign the Giving Pledge and has already moved quickly to give away large portions of his net worth. In 2019, Smith pledged to eliminate $34 million of student loan debt for the Morehouse College graduating class that year. For the pledge, he was named “Executive of the Year” at the 2019 PitchBook Private Equity Awards, which recognize individuals in the private equity industry who have made significant donations. He was also recognized as one of the 50 people “who defined 2019” on The Bloomberg 50 List. Smith is included in Time magazine’s 100 Most Influential People of 2020.

Smith worked at Goodyear Tire and Rubber Company, Air Products & Chemicals and later at Kraft General Foods as a chemical engineer,where he registered two United States and two European patents. From 1994 to 2000, he worked for Goldman Sachs in technology investment banking, first in New York City and then in Silicon Valley. He advised on mergers and acquisition activity with companies such as Apple and Microsoft. In 2018, Smith was included in Vanity Fair’s New Establishment List, which is an annual ranking of individuals who have made impactful business innovations.

In 2000, Smith founded Vista Equity Partners, a private equity and venture capital firm of which he is the principal founder, chairman, and chief executive. As of 2019, Vista Equity Partners was the fourth largest enterprise software company after Microsoft, Oracle, and SAP, including all their holdings. Vista has invested in companies such as STATS, Ping Identity, and Jio.  As of 2019, Vista Equity Partners had closed more than $46 billion of funding.

In 2016, Smith was named as Private Equity International’s Game Changer of the Year for his work with Vista.

The 2019 PitchBook Private Equity Awards named Vista Equity Partners ‘Dealmaker of the Year

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