The co-founder and publisher of the iconic Rolling Stone magazine, Jann Wenner, boasts an impressive net worth of $700 million as of September 2023. Known for revolutionizing the media landscape with Rolling Stone, Wenner’s wealth is not just a result of this singular venture. His journey from San Francisco in 1946 to being a media mogul is both inspiring and intriguing.
Born in the heart of San Francisco, California, in 1946, Jann Wenner embarked on his media voyage at the University of California, Berkeley. It was 1967 when he and his friend, Ralph Gleason, co-founded Rolling Stone. This venture quickly skyrocketed, becoming a beacon for music, culture, and politics enthusiasts globally.
| Attribute | Details |
|---|---|
| Birth Date | 1946 |
| Primary Venture | Co-founder of Rolling Stone magazine |
| Estimated Net Worth | $700 million |
| Notable Sales | Sale of Rolling Stone to Penske Media: $50 million |
| Controversial Points | Comments on music diversity, Affair revelation |
| Current Engagements | Upcoming documentary, New book |
Under Wenner’s guidance, Rolling Stone conducted iconic interviews with music legends like John Lennon, Bob Dylan, and David Bowie. The magazine became synonymous with ground-breaking journalism, tackling events like the Vietnam War and the Watergate scandal head-on.
With a net worth touching $700 million, Wenner’s affluence isn’t just from Rolling Stone. His business acumen led him to explore various avenues in the media industry. Magazines like Men’s Journal and Outside bear his signature touch. Additionally, his prowess extended to film and television production.
In a notable business move, Wenner sold Rolling Stone to Penske Media Corporation in 2017 for a whopping $50 million. However, his influence on the magazine remains undeniable as he serves as its editorial director.
Post the sale of Rolling Stone, Wenner has remained a dynamic figure in media. His memoir, “Like a Rolling Stone,” hit the shelves in 2021, providing an intimate peek into his life. Moreover, Wenner’s documentary on Rolling Stone is generating significant buzz, eagerly anticipated for its 2023 release.
Wenner never shied away from voicing his opinions. In 2019, he faced backlash for remarks on diversity in music, suggesting black and female artists lacked articulation compared to white male artists. Further, his memoir unveiled a long-term affair with co-founder Ralph Gleason, a revelation that stunned many given Wenner’s 30-year marriage to a woman.
Even with his vast achievements, Wenner remains active. Apart from his forthcoming documentary on Rolling Stone, he’s penning another book detailing his life in the media spotlight.
Jann Wenner, with a net worth approximating $700 million, undeniably leaves an indelible mark on the media industry. While his journey witnesses both accolades and controversies, his commitment to Rolling Stone and qualitative journalism remains unwavering.
FAQs
1. What is Jann Wenner’s net worth as of 2023?
Jann Wenner has an estimated net worth of $700 million.
2. Is Jann Wenner still involved with Rolling Stone?
Yes, after selling the magazine in 2017, he continues to be its editorial director.
3. What sparked controversy from Wenner’s memoir?
Wenner revealed a long-term affair with Rolling Stone’s co-founder, Ralph Gleason.
4. What’s the name of Wenner’s memoir?
The memoir is titled “Like a Rolling Stone.”
