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Star Agent and Musk Backer Ari Emanuel Builds $1 Billion Fortune

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Ari Emanuel has worn many hats over his career, including Hollywood power broker, tech investor, pro wrestling executive and Donald Trump's agent. Now, he has one more to add: billionaire.
Ari Emanuel, the CEO of Endeavor Group Holdings Inc., has significantly expanded his wealth, reaching a net worth of approximately $1 billion, largely due to his strategic business moves and his close association with high-profile figures like Elon Musk. Emanuel's wealth surge is attributed to Endeavor's successful IPO in 2021, which valued the company at $10.8 billion, and his involvement in high-stakes deals like the potential sale of Endeavor's assets, including TKO Group Holdings Inc., which could fetch up to $25 billion. His influence extends beyond entertainment into sports, with Endeavor owning the Ultimate Fighting Championship (UFC) and having a stake in WWE. Emanuel's relationship with Musk, where he has provided counsel and facilitated key business introductions, has also played a role in his financial ascent. Despite a dip in Endeavor's stock price, Emanuel's diversified investments and his knack for deal-making continue to bolster his billionaire status.

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[ https://www.msn.com/en-ca/money/companies/star-agent-and-musk-backer-ari-emanuel-builds-1-billion-fortune/ar-AA1z3r5x ]