Forbes estimates that Jann Wenner is worth $600 million. Rolling Stone co-founder and current editor-in-chief Jann Simon Wenner also owns Men’s Journal and US Weekly. His work as an actor and movie producer provides the bulk of his income.
Advertising Age reports that in September 2016, Wenner sold 49% of Rolling Stone to a Singaporean company called BandLab Technologies.
According to the document, the new investor will have no control over the magazine’s content. Glixel, a gaming website, was released by Wenner in October 2016.
This past September, Wenner Media made public its plans to sell a controlling interest in Rolling Stone. At a later date, Penske Media Corporation bought out BandLab’s remaining shares.
Jann Wenner’s net worth can be found by deducting his debts from his total assets. His assets include his investments, savings, cash deposits, and any equity in a vehicle, home, or another similar item. Total liabilities include all outstanding debts such as credit card balances and mortgages.
|Net Worth:||$600 Million|
|Monthly Salary:||$1 Million+|
|Annual Income:||$20 Million|
|Source of Wealth:||Film Producer, Actor, Television producer, Publisher|
Jann Wenner’s birth date is officially recorded as January 7, 1947, in New York City. His parents, Edward and Sim, separated in 1958, and Wenner grew up in a secular Jewish household. After their parents got divorced, Jann and his sisters Merlyn and Kate had to leave for boarding school.
After receiving his diploma from Los Angeles’s Chadwick School in 1963, Wenner went to Berkeley to study biology. Jann wrote a column for “The Daily Californian” titled “Something’s Happening” before he dropped out of school in 1966; Wenner was mentored by jazz critic Ralph J. Gleason of the “San Francisco Chronicle” and eventually found work at “Ramparts.”
Jann Wenner’s Career
Rolling Stone was formed by Jann Wenner and his mentor, Ralph J. Gleason of the San Francisco Chronicle, in 1967. Wenner started his magazine with $7,500 he borrowed from his family and the family of his future bride, Jane Schindelheim.
Wenner and Schindelheim tied the knot in a private Jewish wedding the summer after the magazine’s debut.
When Wenner saw potential in writers like Hunter S. Thompson, Joe Klein, Cameron Crowe, and Joe Eszterhas, he helped launch their careers. While attending the San Francisco Art Institute at the age of 21, Wenner also came across photographer Annie Leibovitz.
Rolling Stone magazine relocated its headquarters from California to New York in 1977. As a result of being sluggish to cover the emergence of punk rock in the late 1970s and early 1980s, the magazine’s readership experienced a temporary decrease.
When rivals like Spin and Blender began covering hip-hop, the magazine’s circulation dropped again in the ’90s.
After breaking up with Schindelheim in 1995, Wenner began dating fashion designer Matt Nye.
In 2006, Rolling Stone sold a record-breaking 1.5 million issues. The thousandth edition of Rolling Stone hit newsstands in May of 2006.
Additionally, Wenner has done many of the illustrious Rolling Stone Interviews. John Lennon, Bill Clinton, John Kerry, and Bob Dylan are just a few of the celebs he’s talked to.
Outside was created by Wenner in 1977, and notable former employees include William Randolph Hearst III and Jack Ford. He also started the magazine Family Life in 1993 and was the editor-in-chief of Look for a short time.
Before their divorce in 1995, Jann and Jane E. Schindelheim had three kids together: Alexander, Theodore, and Edward (also known as Gus). After settling their divorce in 2011, Jane continued in her role as vice president of Wenner Media. Gus is also the chief of digital operations for the organization.
Having met in 1995, Jann has been in a relationship with fashion designer Matt Nye ever since, and the couple has since had three children together via surrogate mothers: a son, Noah, and identical twins, India and Jude. More than $60,000 was given by Wenner between 2004 and 2006 to various liberal groups and Democratic candidates.
What Is Jann Wenner’s Net Worth?
A media mogul with a $600 million fortune, Jann Wenner is an American publisher, entrepreneur, and producer. Wenner is not only a co-founder and publisher of “Rolling Stone” magazine but also of the Rock and Roll Hall of Fame.
Jann was an active member of the Free Speech Movement and, along with Ralph J. Gleason, co-founded “Rolling Stone” in 1967. He has interviewed Bill Clinton, John Kerry, Al Gore, Barack Obama, and Bono of U2, as well as supported writers such as Hunter S. Thompson, Joe Klein, and Cameron Crowe.
Jenner produced Boz Scaggs’s self-titled debut album from 1969, as well as several Rock and Roll Hall of Fame Induction Ceremony specials, the TV movies “Rolling Stone Magazine: The 10th Anniversary” (1977) and “Rolling Stone Presents Twenty Years of Rock & Roll” (1987), and the television series “I’m from Rolling Stone” (2007).
Wenner made a cameo in the 2000 Cameron Crowe film “Almost Famous,” and he was also portrayed in the film by Eion Bailey, who won him a Primetime Emmy nod for producing the TV special “The 25th Anniversary Rock and Roll Hall of Fame Concert”
When Jenner and her then-husband Nye were looking for a new house in 2009, they spent $11.9 million on a mansion in Montauk. There are a total of eight bedrooms and 6.5 bathrooms in this beachfront property that spans over 1.5 acres.
Jann had at least five other properties, including a 9,030 square foot Manhattan brownstone, a 6,540 square foot Manhattan townhouse, and a ski condo and ranch in Sun Valley, Idaho, at the time of the sale.
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