Jann Wenner Net Worth 2022: How Much Money Does Jann Wenner Make?
Jann Wenner, one of the most influential media figures of our time, began his career by climbing the ranks of small-time newspaper jobs after dropping out of college. Then, in 1967, he formed a partnership with Ralph Gleason, and Rolling Stone magazine was born. Along with numerous other media endeavors, he founded Men’s Journal and now owns Us Weekly magazine, which has 11 million weekly readers. These three publications are all published by Wenner Media, headquartered in New York City.
What Is Jann Wenner’s Net Worth?
The net worth of American publisher, entrepreneur, and producer Jann Wenner is $600 million as of 2022. Wenner Is The Co-Founder And Publisher Of The Magazine “Rolling Stone,” As Well As The Co-Founder Of The Rock And Roll Hall Of Fame.
Jann was a member of the Free Speech Movement and co-founded “Rolling Stone” in 1967 along with Ralph J. Gleason. He has conducted interviews with Bill Clinton, John Kerry, Al Gore, Barack Obama, and Bono of U2.
Wenner established “Outside” in 1977 and acquired “Us Weekly” in 1986; he previously owned “Men’s Journal.” Jann Produced Several Rock And Roll Hall Of Fame Induction Ceremony Specials, The Television Movies “Rolling Stone Magazine: The Tenth Anniversary” (1977) and “Rolling Stone Presents Twenty Years Of Rock & Roll” (1987), And The Television Series “I’m From Rolling Stone” (2007). He was nominated for a Primetime Emmy for producing “The 25th Anniversary Rock and Roll Hall of Fame Concert” in 2009. Wenner had a cameo appearance in the 2000 Cameron Crowe film “Almost Famous” and was also portrayed by Eon Bailey.
Jann Wenner: Early Life Details
Jann Wenner was born Jann Simon Wenner in New York City on January 7, 1947. Wenner Is Of A Secular Jewish Background, And His Parents, Edward And Sim, Separated In 1958. Jann And His Sisters Merlyn And Kate Were Sent To Boarding Schools Following Their Parents’ Divorce. In 1963, Wenner graduated from Chadwick School in Los Angeles and enrolled at the University of California, Berkeley. Before dropping out of college in 1966, Jann wrote a column titled “Something’s Happening” for The Daily Californian, the student newspaper. Wenner’s mentor, “San Francisco Chronicle” jazz critic Ralph J. Gleason, assisted him in obtaining a position at “Ramparts” magazine.
Jann Wenner Career Details
Wenner and Gleason co-founded “Rolling Stone” magazine in San Francisco in 1967 after Wenner borrowed $7,500 from his family and his future wife’s family. In 1977, “Rolling Stone” relocated its headquarters to New York City. Despite a decline in circulation in the late 1970s and early 1980s, the magazine’s circulation reached a record high of 1.5 million copies every two weeks in 2006.
In May 2006, the magazine published its 1,000th issue with a three-dimensional holographic cover. A 2005 interview conducted by Jann with Bono of U2 earned a nomination for a National Magazine Award. He founded “Outside” magazine in 1977 and then sold it in 1978. Wenner briefly managed “Look” magazine, and in 1993 he founded “Family Life” magazine. In 1986, he co-purchased “Us Weekly” with The Walt Disney Company; in 2006, he acquired Disney’s share of the publication.
In September 2016, it was reported that Jann was selling a 49 percent stake in “Rolling Stone” to Singapore-based Bandlab Technologies. Later, Wenner Media Announced That the Remaining Stake Was Available for Purchase, and Penske Media Corporation Bought It, Later Acquiring Bandlab’s 49 Percent Stake. The Books “Gone Crazy And Back” (Robert Sam Anson), “Sticky Fingers: The Life And Times Of Jann Wenner And Rolling Stone Magazine” (Joe Hagan), And “Rolling Stone: The Uncensored History” Discuss Jann and “Rolling Stone” (Robert Draper).
Jann Wenner: Personal Life Details
Jann wed Jane E. Schindelheim on July 1, 1968, and the couple welcomed sons Alexander, Theodore, and Edward (also known as Gus) prior to their divorce in 1995. Their divorce was finalized in 2011, and Jane continued to serve as Wenner Media’s vice president after the separation. Additionally, Gus serves as the company’s head of digital operations. Jann began dating fashion designer Matt Nye in 1995, and they have had three children via surrogate mothers: son Noah and twins India and Jude. Between 2004 and 2006, Wenner gave over $60,000 to liberal organizations and Democrats.
Nominations and Awards
Jann received a Lifetime Achievement Award in the category of non-performer upon her 2004 induction into the Rock and Roll Hall of Fame. In 2010, Wenner was awarded the Norman Mailer Award for Lifetime Achievement in Magazine Publication.
Along with Tom Hanks, Gary Goetzman, Joel Gallen, and Joel Peresman, he was nominated for an Outstanding Variety, Music, or Comedy Special Primetime Emmy for “the 25th Anniversary Rock And Roll Hall Of Fame Concert” in the same year.
In 2009, Wenner and Nye purchased a 6,300-square-foot home in Montauk, New York, for $11.9 million. The waterfront residence has eight bedrooms and 6.5 bathrooms and is situated on 1.5 acres. Jann owned at least five additional properties at the time of the sale, including a 9,030-square-foot Manhattan brownstone, a 6,540-square-foot Manhattan townhome, and a ski condo and ranch in Sun Valley, Idaho