In terms of equity, with Zuffa (under)valued at $1.25 billion, under private ownership. And White owning 9%, in equity that makes him a $100,000+ millionaire in equity, add his multi-million dollar salary and whatever other assets he owns. So, at the very least his net worth in equity is over $100,000 (a discounted $100,000).. and then some for whatever other income sources he has.
I'm sure Flash paid a pretty big premium for their little stake.
IF Zuffa were to public, given the UFC's growth - it's would get gobbled up by investors worldwide, and have a ridiculous P/E AT LEAST $10 billion+. Instant large cap status, in ETFs, mutual funds, hedge fund holdings, derivative markets, etc.
An IPO of the company could garner multiple times that $1.25 billion potential for White to become a potential billionaire. But would also require full public disclosure of all their wheelings and dealings - i'm sure they don't want that.
- a failing company worth $1 billion+. Declining profits, revenues, increasing liablities, giving out junk bond level dividends. The WWE is an awful, failing firm that I wouldn't touch with a 10 foot pole.
Biotechs (that aren't profitable, but show potential) shoot up 10X quite often when they go public.
If a company with marginal profits, but decent growth like Facebook were to go public--- their value would be 10X bank valuations.
If they went public, Zuffa would be worth well in to the 10s of billions, making White a billionaire (diluting, and diluting say 25% of the company to the markets).
Just about all companies exit strategy for their founders is to go public at it's peak - and cash in big time. I don't see Zuffa being any different. I think it's only a matter of timing.
If Zuffa has an IPO and is on the market...White's probably somewhere in the $100 millions right now, but would likely become a billionaire overnight if (and when) Zuffa goes public. Add in current rampant dollar devaluation, international money inflow especially from sound economies (not the U.S).
I was a shareholder in Sohu, Inc (massive Chinese Intenet/gaming and media provider) and and a put holder (on 2 year leaps) and sold at strike price $60 because I saw value early in the year, made an easy 28%. I listened to their conference calls and (as I expected they beat earnings estimates), but during the last conference call they made a direct reference to their deal with UFC as one reason for their higher than expected earnings.
I don't know about Russia, but UFC is probably making mad profit from the BRIC countries, coming in rapidly appreciating currencies against the dollar - Australia, SE Asia and agains BRIC (Brazil, Russia, India, China) --- the world's sound economies. Although their primary income at the moment, i'd imagine is the PPVs/broadcast deals with failing economies like the US, UK and Euro-zone, still dollars.
He can be a billionare, it's just when Zuffa is ready to go public. Just timing.