Jann Wenner Net Worth 2024

What Is Jann Wenner’s Net Worth?

Jann Wenner is an American writer, entrepreneur, and producer who has a net worth of $600 million. Wenner Is the co-founder and writer of “Rolling Stone” journal, and he additionally co-founded the Rock and Roll Hall of Fame. Jann was a part of the Free Speech Movement, and he co-founded “Rolling Stone” with Ralph J. Gleason in 1967. He backed writers Hunter S. Thompson, Joe Klein, and Cameron Crowe, found photographer Annie Liebovitz, and has performed interviews with Bill Clinton, John Kerry, Al Gore, Barack Obama, and Bono of U2.

Wenner based “Outside” journal in 1977 and bought “Us Weekly” in 1986, and he previously owned “Men’s Journal.” Jann additionally produced Boz Scagg’s 1969 self-titled debut album in addition to a number of Rock and Roll Hall of Fame Induction Ceremony specials, the TV films “Rolling Stone Magazine: The tenth Anniversary” (1977) “Rolling Stone Presents Twenty Years of Rock & Roll” (1987), and the tv sequence “I’m from Rolling Stone” (2007). He earned a Primetime Emmy nomination for producing the 2009 TV particular “The twenty fifth Anniversary Rock and Roll Hall of Fame Concert.” Wenner had a cameo within the 2000 Cameron Crowe movie “Almost Famous,” and he was additionally a personality within the film, portrayed by Eion Bailey.

Early Life

Jann Wenner was born Jann Simon Wenner on January 7, 1947, in New York City. Wenner is from a secular Jewish family, and his mother and father, Edward and Sim, divorced in 1958. After the divorce, Jann and his sisters, Merlyn and Kate, had been despatched away to boarding colleges. Wenner graduated from the Chadwick School in Los Angeles in 1963, then he enrolled on the University of California, Berkeley. Before he dropped out of college in 1966, Jann produced a column referred to as “Something’s Happening” within the pupil newspaper, “The Daily Californian.” Wenner’s mentor, jazz critic Ralph J. Gleason of the “San Francisco Chronicle,” helped him get a job at “Ramparts” journal.

Career

Wenner and Gleason co-founded “Rolling Stone” journal in 1967 in San Francisco after Jann borrowed $7,500 from his family and the family of his future spouse, Jane Schindelheim. In 1977, “Rolling Stone” moved its headquarters to New York City, and although circulation declined within the late ’70s and early ’80s, by 2006, the journal’s circulation reached an all-time excessive of 1.5 million copies each two weeks. The journal printed its 1,000th challenge in May 2006, with a 3-D holographic cowl. A 2005 interview Jann performed with U2’s Bono earned a National Magazine Award nomination. In 1977, he based “Outside” journal, then he offered it in 1978. Wenner managed “Look” journal briefly, and he began “Family Life” journal in 1993. He purchased “US Weekly” with The Walt Disney Company in 1986, and in 2006, he bought Disney’s share of the journal. In September 2016, it was reported that Jann was promoting a 49% stake in “Rolling Stone” to BandLab Technologies, an organization from Singapore. A yr later, Wenner Media introduced that the remaining stake was on the market, and Penske Media Corporation bought it and later purchased BandLab’s 49% stake. Jann and “Rolling Stone” have been written about within the books “Gone Crazy and Back Again” (Robert Sam Anson), “Sticky Fingers: The Life and Times of Jann Wenner and Rolling Stone Magazine” (Joe Hagan), and “Rolling Stone: The Uncensored History” (Robert Draper).

In 1983, Wenner turned a member of the Rock and Roll Hall of Fame Foundation. Fans of quite a few artists have blamed him for his or her exclusion from the Hall of Fame, alleging that Jann has lobbied to maintain sure artists from being nominated attributable to private bias. Peter Tork of The Monkees instructed the “New York Post” in 2007, “Jann Wenner is single-handedly retaining us out of the Hall of Fame.” Tork went on to say that Wenner “does not care what the principles are and simply operates how he sees match. It is an abuse of energy. I do not know whether or not The Monkees belong within the Hall of Fame, however it’s fairly clear that we’re not in there due to a private whim.” Jann left his place as chairman of the Rock and Roll Hall of Fame Foundation in 2020.

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Personal Life

Jann married Jane E. Schindelheim on July 1, 1968, they usually welcomed sons Alexander, Theodore, and Edward (higher referred to as Gus) earlier than separating in 1995. Their divorce was finalized in 2011, and after the break up, Jane continued to function Wenner Media’s vice chairman. Gus additionally works for the corporate as head of digital operations. In 1995, Jann started a relationship with dressmaker Matt Nye, they usually have had three kids, son Noah and twins India and Jude, through surrogate moms. Between 2004 and 2006, Wenner donated greater than $60,000 to liberal organizations and Democratic candidates.

Awards and Nominations

Jann was inducted into the Rock and Roll Hall of Fame in 2004, receiving a Lifetime Achievement within the nonperformer class. In 2010, Wenner obtained the Norman Mailer Prize for Lifetime Achievement in Magazine Publishing. That yr he additionally earned a Primetime Emmy nomination for Outstanding Variety, Music or Comedy Special for “The twenty fifth Anniversary Rock and Roll Hall of Fame Concert,” together with fellow government producers Tom Hanks, Gary Goetzman, Joel Gallen, and Joel Peresman.

Real Estate

In 2009, Wenner and Nye paid $11.9 million for a 6,300 sq. foot house in Montauk, New York. The waterfront house consists of eight bedrooms and 6.5 bogs, and it sits on 1.5 acres of land. At the time of the sale, Jann owned a minimum of 5 different properties, together with a 9,030 sq. foot Manhattan brownstone, a 6,540 sq. foot Manhattan city house, and a ski condominium and ranch in Sun Valley, Idaho.