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Jann Wenner Net Worth: How Rich Is the Founder of The ‘rolling Stone’ in 2022?

The co-founder and publisher of Rolling Stone magazine’s Journal and US Weekly are currently owned by him as well. He was raised by a secular Jewish family and was given the name Jann Simon Wenner on January 7, 1946, in New York City, California. He enrolled at the University of California, Berkeley but left in 1966.

Early Life

jann wenner net worth

The official date of Jann Wenner’s birth is January 7, 1947, in New York City. Wenner was raised by his parents, Edward and Sim, who divorced in 1958. He was raised in a secular Jewish home. Jann and his sisters Merlyn and Kate had to move away for boarding school when their parents got separated.

In 1963, Wenner graduated from the Chadwick School in Los Angeles and enrolled in Berkeley to pursue a degree in biology. Before leaving school in 1966, Jann created a column for “The Daily Californian” called “Something’s Happening.” Wenner was guided by jazz critic Ralph J. Gleason of the “San Francisco Chronicle,” and he eventually obtained employment at “Ramparts.”

What Is Jann Wenner’s Net Worth?

Name:Jann Wenner
Net Worth:$600 Million
Monthly Salary:$1 Million+
Annual Income:$20 Million
Source of Wealth:Film Producer, Actor, Television producer, Publisher

American publisher, businessperson, and producer Jann Wenner have a $600 million fortune. Wenner founded the Rock & Roll Hall of Fame in addition to co-founding the magazine “Rolling Stone” and serving as its publisher.

In 1967, Jann and Ralph J. Gleason co-founded “Rolling Stone” as a member of the Free Speech Movement. He supported writers Joe Klein, Hunter S. Thompson, and Cameron Crowe, discovered Annie Liebovitz, and has spoken with  Bill Clinton, John Kerry, Al Gore, Barack Obama, and Bono of U2.

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Real Estate

In 2009, Jenner and her ex-husband Nye purchased a mansion in Montauk for $11.9 million as they were seeking a new home. This seaside home, which covers 1.5 acres, has a total of eight bedrooms and 6.5 bathrooms.

At the time of the transaction, Jann owned at least five additional properties, including a ranch and ski condo in Sun Valley, Idaho, a 9,030-square-foot Manhattan brownstone, a 6,540-square-foot Manhattan townhouse, and a ski condo in Manhattan.

Jann Wenner’s Career

jann wenner net worth

In 1967, Jann Wenner and his mentor Ralph J. Gleason of the San Francisco Chronicle founded Rolling Stone. Wenner borrowed $7,500 from his family and the family of his future wife, Jane Schindelheim, to launch his magazine.

The summer after the publication of the magazine, Wenner and Schindelheim were united in marriage in a small Jewish ceremony.

Wenner assisted in launching the careers of writers like Hunter S. Thompson, Joe Klein, Cameron Crowe, and Joe Eszterhas when he recognized their promise. Wenner met photographer Annie Leibovitz when she was 21 years old and enrolled at the San Francisco Art Institute.

In 1977, the offices of Rolling Stone magazine were moved from California to New York. The magazine’s circulation briefly declined because it took it slow to cover the rise of punk rock in the late 1970s and early 1980s.

The magazine’s readership declined once more in the 1990s when competitors like Spin and Blender started to cover hip-hop.

Wenner started dating fashion designer Matt Nye in 1995 after splitting up with Schindelheim.

Rolling Stone sold 1.5 million issues in 2006, exceeding the previous record. In May 2006, Rolling Stone published its thousandth issue.

Wenner has also conducted a significant number of prestigious Rolling Stone interviews. A few of the celebrities he has spoken to include Bob Dylan, Bill Clinton, John Kerry, and John Lennon.

William Randolph Hearst III and Jack Ford are two noteworthy ex-employees of Wenner, who founded Outside in 1977. In 1993, he also founded the publication Family Life, and for a brief period, he served as Look’s editor-in-chief.

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Personal Life

Jann and Jane E. Schindelheim had three children together before divorcing in 1995: Alexander, Theodore, and Edward (also known as Gus). Jane remained vice president of Wenner Media after their divorce was finalized in 2011. Gus also serves as the company’s director of digital operations.

Jann and fashion designer Matt Nye first connected in 1995, and since then, the two have been dating and have had three children through surrogate mothers: Noah, a son, and India and Jude, identical twins. Wenner donated more than $60,000 to various liberal organizations and Democratic candidates between 2004 and 2006.

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