|About Richard Morgan Fliehr|
|Known As||Fred Phillips, Ric Flair|
|Birth||February 25, 1949 Memphis, Tennessee|
|Height||6 ft 1 in (1.85 m)|
|Weight||243 lb (110 kg)|
|Spouse||Leslie Goodman (1971-1983),|
Elizabeth Harrell (1983-2006),
Tiffany VanDemark (2006-2009),
Jackie Beems (2009-2014)
|Children||Megan, David, Ashley, Reid (died in 2013)|
|Parents||Richard Reid Fliehr, Kathleen Fliehr|
|Address||Charlotte, North Carolina|
|Job||Professional Wrestling Manager and Retired Wrestler|
American professional wrestling manager and retired professional wrestler “Nature Boy” Ric Flair is considered as one of the greatest wrestlers of all time. So, it comes as no surprise that Ric Flair’s net worth in 2018 is estimated at $5.0 million. Keep reading to know how he made a fortune for himself.
Ric Flair, age 69, is a six-time WCW title winner, and he has won the WWE and NWA title two and eight times, respectively. During the span of Flair’s career, he became an All-Star pro wrestling champion and All-Star Japan pro wrestling champion.
He is one of the greatest wrestlers ever to step foot in the ring. And his career in the wrestling industry spanned for around 40 years.
Flair is known for his time with the National Wrestling Alliance (NWA), World Championship Wrestling (WCW), World Wrestling Federation (later known as WWE), and Total Nonstop Action Wrestling (TNA).
His birth name is widely thought to be Fred Phillips. But he is known to use Fred Demaree or Fred Stewart on different documents.
The Memphis, Tennesse native was born to Luther and Olive Phillips but was later adopted. He participated in interscholastic wrestling, track, and football during his school days.
Ric Flair’s Career Earnings
Earnings and Financial Data
|2006||$508,000 (salary from WWE)|
|2011||$22,000 (monthly earnings from TNA)|
|2012||$35,000 (per show earnings from TNA paid by Dixie Carter)|
- Ric Flair’s net worth is estimated at $5.0 million.
- Between 1981 and 1993, he earned around $700,000 per year.
- After the pro wrestler made a comeback to the WCW in 1993, his estimated salary was around $70,000.
- Between 1996 and 2000, he earned around $1.95 million.
- In 1998, Flair’s salary was $780,259.
- He used to earn approximately, $750,000 in 2000.
- In 2016, it was revealed that Flair was earning around $22,000 every month in TNA, but they didn’t pay him any royalties for six months.
Flair also earns a good amount of money by signing autographs. He charges around $15,000 for a two-hour signing event and $20,000 for three hours.
His autographs on SportsMemorabilia.com range from $58.00 to $272.00
In 2012, BYB Brands announced that Ric Flair signed an endorsement deal with them. He was an ambassador and spokesman for the new brand of energy and protein power shots known as “Fuel in a Bottle.”
The former wrestler used his fame to his advantage and started his own brand of merchandise to sell online. The Ric Flair Shop offers all sort of products like T-shirts, socks, posters, DVDs, sweatshirt, towels, caps, tumbler, beanies, baby onesies, flip-flop bags, and more.
In fact, Flair has a good marketing strategy for his business. He said in an Instagram post that if people buy $200.00 worth of products from his website, they will get a phone call from Ric Flair.
And if anybody wants to style and profile like the wrestling legend, they can head over to Mr. Custom Made’s online store and check out The Ric Flair Collection.
In 2017, Flair featured in the music video of rapper Offset’s song, “Ric Flair Drip.” And we’re sure that he was paid generously for his appearance.
Ric Flair’s WWE Career Accomplishments
In 1981, Flair won his first NWA World title. He has been recognized as a world champion 21 times in total.
He won the Wrestler of the Year award in 1981, 1984 to 1986, 1989, and 1992.
Flair won the Slammy Award for Match of the Year in 2008. He was also inducted into the WWE Hall of Fame for his singles career that same year.
In 2012, Flair was inducted into the WWE Hall of Fame along with his team members from The Four Horsemen.
Lastly, the WWE star was inducted in VCW Hall of Fame in 2018.
Ric Flair’s Assets
Currently, Flair lives in Charlotte, North Carolina with his fiancée Wendy Barlow. Ric Flair’s house is surrounded by lush forests and features an oversized swimming pool.
His car collection includes a Chevrolet Camaro, which has a base price of about $26,000 in 2018. Flair also has a 2008 Porsche Cayenne Turbo valued at an estimated $60,000.
He is often spotted wearing a gold Rolex watch and a necklace with a blinged-out crucifix. Flair is also seen wearing diamond-encrusted rings, too.
Owed Thousands to the IRS in Back Taxes
Flair had issues with the IRS when he failed to pay taxes in 1982, 1983, and 1988. By the time the IRS contacted him in 1990, he owed them $62,000 in back taxes.
Although he paid his debt, the IRS again went after him in 2000. A judgment against him revealed that he owed $15,000 in back taxes, interest, and late penalties to the state of North Carolina from 1989
Four years later, the government furnished a lien on Flair’s estate for $874,000, which he owed in back taxes for 1994 to 1996, 1998, and 1999.
In 2005, the IRS had taken over $200,000 of Flair’s earnings to pay off his debts. He later revealed that he and his then-wife, Elizabeth Harrell, “lived well beyond our means.”
Paid Settlement for His Divorces
Flair married four times, and all his divorces have been expensive.
In 2011, Flair separated from his fourth wife, Jackie Beems. During the settlement, he agreed to pay $4,000 a month in spousal support.
Additionally, he also agreed to shell out $15,000 in legal fees and additional $15,000 to cover the time they were apart.
Sued by a Lot of People
Flair has been sued by a lot of people and companies after he failed to honor financial agreements.
In 1996, Macrolease International filed a case against Flair because he failed to pay $66,000 in gym equipment and fees for his Gold’s Gym in Hickory.
Charlotte resident Ward Cagle sued Flair in 2004 for breaking a contract. Cagle loaned $40,000 to Flair in 2000, and he was supposed to pay it back in 70 days, which he failed to do.
Eventually, the matter was settled outside the court. Flair paid Cagle $10,000 and gave him a motorcycle.
In 2006, Flair was sued by Conbraco Industries for repayment of a $300,000 loan. The court declared that Flair owed them $185,000 of the loan plus the interest from 2003 and $10,000 in lawyer’s fees.
Recently, Ric Flair was a part of Beat the Streets annual benefit event at South Street Seaport’s Pier 17.
Here’s How Much Ric Flair Is Worth Compared to His Contemporaries (Estimated)
|Ric Flair||$5.0 million|
|Randy Savage||$28.0 million|
|Hulk Hogan||$25.0 million|
|Triple H||$25.0 million|
|Shawn Michaels||$17.0 million|
|Vince McMahon||$1.6 billion|