Ric Flair: How He Made, Lost and Spends His Fortune

Ric Flair has a net worth of $500 thousand dollars as a retired American professional wrestler and manager. Ric Flair has been a professional wrestler since 1972 and is widely regarded as one of, if not THE best, professional wrestlers of all time. He had a 40-year career. In 2008, he was inducted into the Wrestling Hall of Fame, and he currently competes in the WWE Legends league.

Ric Flair

Early Life of Ric Flair

Ric Morgan Flair was born Richard Morgan Flair in Memphis, Tennessee, on February 25, 1949. Flair was adopted, and his birth name is widely assumed to be Fred Phillips. Fred Demaree or Fred Stewart is how he is referred to in some documents. His adoptive father was completing his residency in obstetrics and genecology in Detroit, Michigan when he was adopted. Kathleen, his adoptive mother, worked for the Minneapolis Star Tribune newspaper.

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He and his new family moved to Edina, Minnesota, not long after he was adopted. Flair went to high school at Wayland Academy in Beaver Dam, Wisconsin. He was a member of the wrestling team, as well as football and track and field. He briefly studied medicine at the University of Minnesota, intending to follow in his adoptive father’s footsteps. Ric Flair dropped out, however, to pursue a career as a professional wrestler.

Career

Flair was first introduced to the wrestling business when he met the legendary Vachon brothers, who gave him the nickname “The Nature Boy.” On December 10, 1972, Flair made his professional wrestling debut against “Scrap Iron” George Gadaski. Before moving to Charlotte, North Carolina, where he became a regular for Jim Crockett Promotions, he spent the first few months of his career with Gagne’s Minneapolis Boxing & Wrestling Club. Ric Flair earned his first NWA World title in 1981. He’s had a long and successful wrestling career since then. He worked for World Championship Wrestling, TNA Wrestling, and Vince McMahon’s WWE later in his career (World Wrestling Entertainment).

Ric Flair

Throughout his career, Flair was a significant pay-per-view draw. He was the star of Starrcade ten times. In 1992, he also headlined the WWF’s WrestleMania event. He also won the Royal Rumble in the same year. Eight times he was named PWI Wrestler of the Year. He is the first inductee into the WWE Hall of Fame who has been inducted twice. The first time was in 2008 for his solo career, and the second time was in 2012 for his role in The Four Horsemen. Flair is also a member of the NWA, Professional Wrestling, and Wrestling Observer Newsletter Halls of Fame.

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Flair has won the World Championship 16 times (8-time NWA World Heavyweight Champion, 6-time WCW World Heavyweight Champion, and two-time WWF Champion). He held the WCW World Heavyweight Championship and the WCW International World Heavyweight Championship for the first time. As WCW World Heavyweight Champion, he became the first individual to complete the Triple Crown in the company’s history. After winning the WWF Championship and the World Tag Team Championship, he went on to capture the Intercontinental Championship. Flair is the only man in wrestling history to hold all four editions of the championship.

Personal Life of Ric Flair

Flair married Leslie Goodman on August 28, 1971, in his personal life. Megan was their daughter, and David was their son. In 1983, they divorced. On August 27, 1983, Flair married Elizabeth Harrell. They also had two children: Ashley and Reid, a daughter and a son, respectively. In 2006, Flair and Harrell divorced.

Flair married Tiffany VanDemark on May 27, 2006. She competes in fitness competitions. She filed for divorce in 2008. In 2009, their divorce was finalized. Flair obviously enjoy being married because he married Jackie Beems in North Carolina on November 11, 2009. Ric Flair divorced Jackie in 2012, and the divorce was finalized in 2014.

Ric Flair

Flair married Wendy Barlow, nicknamed Fifi the Maid on WCW, for the fifth time on September 12, 2018, in Florida. David Flair, like his father, was a professional wrestler. From 1999 until 2001, David worked for WCW. Reid Flair, Flair’s other son, was a high school wrestler who earned a developmental agreement with WWE in 2007. When Ric Flair‘s daughter Megan gave birth to her first child, Morgan Lee Ketzner, in 2004, he became a grandfather.

Ashley Flair, the other daughter of Ric Flair, joined WWE in 2012 under the stage name Charlotte Flair. Reid Flair, Flair’s son, died in March 2013 of a drug overdose caused by a combination of heroin, Xanax, and a muscle relaxant. Flair has made a lot of outlandish claims over the years, including that he slept with 15,000 women and drank 15 beers every day.

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Flair defended his daughter Charlotte from fans who claimed she was overexposed in wrestling in June 2020. He added in an interview: “That irritates me so much — one after the other, ‘We’re tired of seeing her.’ Good, now go see her on TV at a different event. She’s a multimillionaire, so she can do whatever she wants. And the company has made her a fortune; there you have it.”

Financial Problems

Ric Flair has had a number of run-ins with the Internal Revenue Service dating back to the early 1990s. In the year 2000, the IRS issued him a lien for $870,000 in unpaid taxes. In 2005, the IRS began garnishing Flair’s WWE profits. He attributed the problems to his second wife Elizabeth’s extravagant expenditures.

Ric allegedly neglected to pay his full tax amounts for his earnings between 2016 and 2018, according to legal files made public in 2019. He owes the federal government $240,000 and the state of Georgia $40,000, according to the filing. Ric Flair also had a medical emergency in 2019 that necessitated heart surgery, leaving him with an estimated $1.8 million medical bill that was not covered by insurance.

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I written for a lot of different movie-related publications. I first worked as an editor and then as the head film critic. Now, I works as a freelance film journalist and writes for many different media outlets. I also done a lot of work for radio shows and TV shows in the movie business.