How did Ric Flair’s Worth Shrink So Much?

Ric Flair has a net worth of $2 million USD. He earned a $500,000 salary per fight during his stint at WWE. Flair is a retired American professional wrestler and wrestling manager.

Due to bad financial decisions and investments, Flair’s wealth has significantly shrunk in the past few years. Flair had numerous endorsement deals throughout his career, promoting brands like Coca-Cola, Schick razors, and Hardee’s restaurants.

He charged a fee of $1 million per brand. Reports suggest he earned an estimated $9.5 million through these deals. Flair faced some backlash for what was perceived as a tone-deaf response to a natural disaster, Hurricane Milton.

It was reported that Ric Flair discovered during a 2023 doctor’s visit that he had suffered a heart attack during his last wrestling match, which occurred on July 31, 2022. Ric Flair signed a multi-year contract with All Elite Wrestling (AEW) in late 2023, marking a significant move in his career post-retirement from in-ring competition.

Merchandise Sales

Top wrestlers like Flair typically receive a percentage of merchandise sales featuring their name, image, or catchphrase. 

During the peak of his career, Ric Flair’s merchandise was generating over $100 million in annual revenues and he made over $3 million per year as his share of profits.

Financial Losses

In partnership with Chris Tucker, Flair co-owned restaurant chains like “Ric Flair’s Flair 101” and “Legends of Wrestling.”

While successful initially, financial issues eventually led to closures. Total losses from these ventures stood at $6 million, which decimated his worth.

In addition, Flair has lost a significant portion of his wealth due to bad real estate investments, swindling of cash by his managers, and his gambling habits.

Sources close to Ric Flair mentioned that the wrestler has lost millions in poker, gambling, renting private jets, and other luxuries.

What is Ric Flair’s Net Worth?

Name	Richard Morgan Fliehr
Net Worth	$2 Million
Annual Income	$790,000
Salary per Fight	$500,000
Career Earnings	$41 Million
Debts and Mortgage	$1.6 Million
Height	1.85 meters (6′ 4″)