Advertisement
Advertisement
Advertisement

How UFC fighter Conor McGregor became the highest-paid athlete in the world – he earned US$180 million in the past year alone, more than even Tiger Woods or Cristiano Ronaldo

UFC fighter Conor McGregor has transcended his sport to make much more money today through endorsements and as an entrepreneur. Photo: @thenotoriousmma/Instagram
UFC fighter Conor McGregor has transcended his sport to make much more money today through endorsements and as an entrepreneur. Photo: @thenotoriousmma/Instagram

  • The world’s highest-paid athlete sold his stake in Proper No. Twelve whiskey to Proximo Spirits, and earned from tie-ups with DraftKings and Monster Energy
  • McGregor was knocked out by Dustin Poirier at UFC 257 on Abu Dhabi’s Fight Island, but is gearing for a lucrative rematch on July 10

It’s no secret that UFC fighter Conor McGregor is rich. He is all about the flash and doesn’t hide his expensive cars, luxury holidays and costly watch collection. So, in a pandemic world and with only one fight to his name in 2021, how exactly did the Irishman land the No 1 spot on Forbes’ list of the highest-paid athletes of the past 12 months? The answer lies mostly away from the Octagon – and with his critically unpopular whiskey brand.
Yup, forget his ability as an MMA fighter, it’s his business acumen, and leveraging off his star status that has seen McGregor rake in the millions over the past 12 months (to May 1). In fact, according to Forbes, he made “just” US$22 million from fights and US$158 million from everything else. It’s a feat McGregor is proud of, posting on Instagram that he was grateful to be recognised as an entrepreneur.
Advertisement
 

Here’s how the 32-year-old turned his fight fame into a million-dollar business.

The booze

Conor McGregor brings the bling. Photo: @thenotoriousmma/Instagram
Conor McGregor brings the bling. Photo: @thenotoriousmma/Instagram

According to Forbes, much of his US$180 million windfall comes from the sale of his majority stake in whiskey brand Proper No. Twelve to Proximo Spirits. ESPN reported in late April that McGregor, and co-founders Ken Austin and Audie Attar sold their stakes to the American drinks company for US$600 million. The final amount landed each co-founder with around US$150 million in the bank, reports Forbes.

Shanken News Daily, a news source for the spirits, wine and beer business, first reported on the deal on April 27, quoting Proximo CEO Mike Keyes as saying the co-founders would have active roles in the future of the brand. Keyes said the whiskey brand had grown at an “unprecedented rate” and the deal would allow further growth. He said they were looking at the possibility of entering global markets like Russia and South Africa.