In 1988, Ted Turner would attempt to make some noise in the wrestling business, and after some initial bumps, Eric Bischoff was brought in as an attempt to boost the brand and potentially rival the WWE. With Eric’s aggressive business tactics, the WCW would go onto sign some mega stars, including Hulk Hogan. Bischoff pushed an edgier program, and this ultimately caused Vince McMahon to change his ways to a more modernized approach to wrestling. Bischoff excelled leading WCW to an 84 week win streak.
Despite its dominance, WCW eventually collapsed. Its ridiculous contracts mixed with a lack of young stars caused the company to close its doors for good in 2001. Its over-priced and guaranteed contract model also made some wrestlers filthy rich. The following article will take a look at some past WCW alumnis and their net worths that will surprise many of you. Let us know who you believe is the most undeserving of their net worth.
15) Chuck Palumbo: $4 million
Following his 10 year in-ring career wrestling for the WWE and WCW, Palumbo used a passion project as another form of revenue. Chuck opened up his own customization biker and car shop called CP Kustoms. The shop has received some high praise from former WWE stars which include Rey Mysterio and Dave Batista. In 2014, Palumbo also appeared as a co-host on the show Lords of the Car Hoards, running on the Discovery Channel. Props to Palumbo for a successful career outside of the WWE.
14) Stacy Keibler: $4.5 million
From debuting as Miss Hancock with WCW to dating George Clooney, oh, how quickly things changed for Stacy. Keibler was one of a select few kept by the WWE. Despite her limited wrestling skills, Stacy’s look drew quite nicely with the WWE fans. Following her career in the wrestling business, Keibler enjoyed huge exposure on the ABC hit show Dancing With The Stars. Following her cameo, Stacy would go on to appear in several TV shows and films. Her star power hit new levels after she began to date Hollywood mega star George Clooney.
13) Booker T: $5 million
At the age of 51, Booker is still going strong working with the WWE and taking care of his own wrestling promotion, Reality of Wrestling. It’s ironic that the 5-time WCW champ has a net worth of $5 million. Booker’s earnings can be attributed to his hard work during the WCW’s invasion angle on WWE television. The 5-time WCW champion was one of the only WCW stars to stay with the company following the invasion storyline. This earned Booker a 6 year run with the company, and he would later serve as commentator. In 2012, the WWE put a stamp on Huffman’s legacy inducting him into the Hall of Fame.
12) Ric Flair: $5 million
This net worth would be a heck of a lot more if not for Flair’s multiple divorces. Ric has three failed marriages, his last with his ex-wife Tiffany VanDemark. The couple filed for divorce after only 3 years together. After their divorce was finalized in 2009, Flair re-married that same year to his current wife Jackie Beems. Flair’s wrestling career speaks for itself; the Nature Boy is regarded as the best pro wrestler of all time. Still, after over 40 years in the business, Flair is currently serving as the manager for his daughter, the Diva’s Champion Charlotte.
11) Jimmy Hart: $5 million
Considering Jimmy Hart spent his entire career as a manager, it’s quite remarkable that he holds a net worth of $5 million. Hart managed over 50 wrestlers throughout his career with the WWE and WCW. Some notable wrestlers included Ric Flair, Hulk Hogan, Lex Luger, Sting, AJ Styles and many more. Still today, Jimmy is available for appearances and bookings. He is very active in wrestling conventions signing autographs and selling some of his memorabilia.
10) James Storm: $5 million
Very rare to see a pro wrestler with such a high net worth, despite never wrestling for the WWE’s main roster. After only two matches with NXT, Storm left the company due to contract disputes. According to rumors, the WWE offered James less than $100,000 per year. This is rather low considering Storm makes $230,000 per year with TNA. Despite his brief tryout with the company, Storm has made a name for himself wrestling all over the world for the last 20 years. Following the purchase of WCW, James broke out with TNA as a Tag Team wrestler with his partner, Chris Harris. The two were known as America’s Most Wanted. At the age of 38, it remains to be seen if the former TNA World Heavyweight Champion will ever step foot in a WWE ring again.
9) Sting: $8 million
A 15-time World Heavyweight Champion, Sting created a tremendous legacy for himself away from the WWE. The Stinger began to wrestle all the way back in 1985, and he would later become WCW’s marquee attraction helping his company to some tremendous success during their golden age. After the purchase of WCW, Sting continued his career with TNA wrestling. Finally, on November 23rd, 2014, the icon made his debut with the WWE. At the age of 56, it looks like retirement finally came. With his $8 million net worth, you can expect Sting to have a relaxing retirement.
8) Diamond Dallas Page: $8 million
Crazy to think that Page began his career as a manger in 1991. At this point, DDP was already 35 years old (what’s even crazier is that at the age of 42, Page would become one the company’s hottest breakout stars). Following the end of his pro wrestling career, the former WCW champion would receive some massive mainstream success with his new DDP Yoga practice. His client stories spread worldwide. Arthur Boorman, a disabled war veteran, was his first major story. Boorman lost over 140 pounds in 10 months. To make things even more remarkable, the war veteran regained his ability to walk and run without his crutches or braces. What a story. Today, Page is still keeping busy setting up live courses worldwide.
7) Kevin Nash: $8 million
After capturing his first ever WWE championship, Nash started to become very money driven. Kevin eventually left the company for a more lucrative deal with WCW. Ultimately, Nash would become one of the highest paid wrestlers in the company. Along with this, Kevin was a huge advocate in the WCW, giving out guaranteed contracts. This would eventually set Ted Turner’s company in the ground. To Kevin’s credit, he managed to make a lot of money as a wrestler (he also got paid an additional $500,000 for working with the WCW’s creative).
During his wrestling career, Nash also managed to appear in some high profile movies. His most recent was Magic Mike, along with the sequel Magic Mike XXL.
6) Hulk Hogan: $8 million
Wrestling fans may be very surprised to see Hogan with this net worth, despite all his accomplishments. Crazy to think that Jeff Hardy has a higher net worth than Hogan. You can credit this to some bad luck for the Hulkster. Like Flair, dealing with a divorce to his ex-wife Linda, set Hogan back a heck of a lot. Linda ended up getting 70% of Hulk’s assets; Linda earned $7 million along with an additional $3 million from their property. Ouch. When you think about everything that went down with Hulk, a net worth of $8 million is actually quite good.
5) Rey Mysterio: $8.5 million
Standing in at 5’6, Mysterio redefined the potential of a cruiserweight wrestler. Mysterio broke this invisible barrier by claiming the WWE and World Heavyweight Championships on three different occasions. Today, you can find the master of the “619” working with Lucha Underground. The veteran is entering his 16th year as a professional wrestler. At the age of 41, the rumor mill believes Rey has one more run left in him with the WWE. No matter what the future holds, Mysterio has earned his spot as a future inductee into the WWE’s Hall of Fame.
4) Eric Bischoff: $12.5 million
Nobody could have ever predicted that a man with zero expertise in the wrestling business nearly took out Vince McMahon’s empire during the 90s. With his aggressive business style, Bischoff played a crucial role in revolutionizing the world of wrestling. Eric was very influential in bringing the “entertainment” aspect to the shows. This caused Vince McMahon to rethink his entire programming. Although Bischoff ultimately came up short, his legacy in the pro wrestling business will never be forgotten. Asides from being a New York Times Best Selling Author, today, Eric is the proud Co-founder of BHE TV.
3) Jeff Jarrett: $15 million
Believe it or not, Jeff Jarrett actually holds one of the highest net worths amongst his former WCW peers. 30 years after his pro wrestling debut, Jeff is still active in the world of pro wrestling, this time taking a corporate role. Jarrett is famously remembered for allegedly blackmailing Vince into giving him $300,000 after the WWE had forgotten about his contract expiration. To this day, the former WWE star still claims it wasn’t done with bad intent. Regardless, Jeff managed to have quite the career with WCW. He would later create TNA Wrestling, the closest rival the WWE’s ever had since the purchase of WCW. After losing steam with the company, Jeff once again started a new promotion called Global Force Wrestling. If Jarrett can somehow finally rival the WWE, expect his net worth to skyrocket to newer heights.
2) Torrie Wilson: $18 million
Not bad for someone who broke into the wrestling business by fluke. In 1999, Wilson began to attend WCW shows with her boyfriend at the time. While backstage, Torrie was spotted by Scott Steiner. The former WCW champion asked Wilson to walk him out during his entrance. After walking Scott to the ring, Torrie caught Kevin Nash’s eye. Before she knew it, Torrie was making her debut as “Samantha” for World Championship Wrestling. Wilson’s popularity would earn her a contract with the WWE, and she would later receive another huge break gracing the cover of Playboy magazine. The 40 year old is now residing out of Los Angeles, California, looking as good as she did 10 years ago.
1) Ted Turner: $2.2 billion
Despite the collapse of WCW, Ted Turner is still filthy rich with a net worth of over $2 billion. This is still a billion more than the WWE’s chairman Vince McMahon, who is worth $1.2 billion. Despite Turner’s insane net worth though, he still has some major regrets. One of them was getting kicked out of the network he helped to build, CNN. Despite some shortcomings, Turner is still going great at the age of 77.
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