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Conor McGregor made a great deal of money from the Proper 12 Whiskey sale, but it did not make him a billionaire.
The combat sports world has been set abuzz by the recent news that Conor McGregor sold the majority stake he held in the Proper No. Twelve Irish Whiskey brand. This business move is said to have fetched the MMA megastar millions of dollars.
As has been the case with a lot of Conor McGregor’s business deals over the past few years, many fans have been speculating about whether The Notorious One has finally accomplished his goal of crossing over into the billionaire’s club.
Conor McGregor has time and again asserted that he is indeed going to be a billionaire someday. If he does manage to accomplish that goal, it would be safe to say that a ton of credit would go to his recent whiskey sale.
Conor McGregor sold his majority stakes but is still involved with Proper No. Twelve Irish Whiskey
As reported by ESPN, Conor McGregor is no longer the majority owner of the Proper No. Twelve Irish Whiskey brand. Proximo Spirits – an organization that owns Jose Cuervo and other top-tier alcohol brands – has acquired a majority stake in Proper No. Twelve Irish Whiskey. Prior to this latest development, Proximo Spirits owned a 49% stake in Proper No. Twelve Irish Whiskey.
Proximo Spirits acquiring a majority stake in the brand has resulted in Conor McGregor, his manager Audie Attar (Paradigm Sports Management), and their partner Ken Austin receiving a sum of $600 million. McGregor founded the brand in 2018, with Attar and Austin as his business partners.
However, his $600 million includes the $250 million that they have earned since the Proper No. Twelve Irish Whiskey brand was founded. Conor McGregor has taken to his social media accounts and suggested that he’s still involved with the brand.
Conor McGregor’s net worth has increased after the latest Proper No. Twelve Irish Whiskey deal, but he’s still not a billionaire
Conor McGregor’s net worth in 2021 was estimated to be $120 million. Considering the aforementioned developments, McGregor’s net worth is bound to have significantly increased this year.
Nevertheless, despite the latest Proper No. Twelve Irish Whiskey deal fetching him great wealth, Conor McGregor still isn’t a billionaire. Even if one was to assume that McGregor received the entire $600 million sum from the deal, it would still take his net worth to around $720 million only.
The consensus is that Conor McGregor’s $120 million net worth likely doubled with the latest whiskey deal, but he still has a long way to go before he hits the elusive $1 billion mark. As of this time, the exact sum Conor McGregor individually earned from the sale and his current net worth remain unclear. Fans can expect additional details on this to unravel in the days to come.
UFC icon Conor McGregor is set to fight Dustin Poirier in their highly anticipated trilogy fight at UFC 264 on July 10th, 2021.
