What Is Ric Flair Net Worth? Know More About His Financial Problems

A retired professional wrestler and wrestling manager from the United States, Ric Flair is worth 500 thousand dollars. After being a professional wrestler for over three decades, Ric Flair is widely acknowledged to be among the finest professional wrestlers in history, if not THE greatest.

A total of 40 years elapsed during his professional life. The Wrestling Hall of Fame inducted him into the organization in 2008, and he is now a member of the WWE Legends league.

Early Life

Ric Flair. One of the first ever pictures taken of him as a wrestler, 1970s : r/SquaredCircle

Ric Fliehr was born on February 25, 1949, in Memphis, Tennessee, to Richard Morgan Fliehr and Mary Fliehr. Even though Flair was adopted, it is often assumed that his real name is Fred Phillips.

Some records refer to him as Fred Demaree or Fred Stewart, depending on who you ask. During the time of his adoption, his adoptive father was finishing up his residency in obstetrics and gynecology at the University of Michigan in Detroit.

Kathleen, his adopted mother, was a reporter for the Minneapolis Star Tribune newspaper. He and his new family relocated to Edina, Minnesota, not long after he was adopted by a couple from China.

Flair completed his high school education at Wayland Academy in Beaver Dam, Wisconsin. He was a member of the wrestling squad, as well as a football player and a track athlete.

The University of Minnesota, where he briefly went to, was where he hoped to follow in the footsteps of his adopted father and pursue a degree in medicine. He, on the other hand, dropped out to pursue a career as a professional wrestler.


Ric Flair Reveals The Worst Mistake He Ever Made In His Career

“The Nature Boy,” as Flair is known, was initially introduced to the wrestling profession when he met the famed Vachon brothers, who were also known as “The Vachon Brothers.”

He made his professional wrestling debut on December 10, 1972, against “Scrap Iron” George Gadaski, who was also known as “Scrap Iron.” He began his professional wrestling career with Gagne's Minneapolis Boxing & Wrestling Club before relocating to Charlotte, North Carolina, where he became a regular for Jim Crockett Promotions, where he remained for many months.

Ric earned his first NWA World Championship in 1981. Since then, he has had an exceptionally successful professional wrestling career. Later in his wrestling career, he wrestled for World Championship Wrestling, TNA Wrestling, and Vince McMahon's WWE, among other organizations (World Wrestling Entertainment).

Throughout his professional wrestling career, Flair was a popular pay-per-view draw. He appeared as the main attraction at Starrcade ten times. In 1992, he was the main attraction at WrestleMania, the WWF's equivalent event.

In the same year, he was victorious in the Royal Rumble. He was named PWI Wrestler of the Year eight times during his career. He is the only member of the WWE Hall of Fame to be inducted into the Hall of Fame more than once.

The first time was for his career in 2008, and the second time was for his role in The Four Horsemen in 2012. Flair is also a member of the National Wrestling Association Hall of Fame, the Professional Wrestling Hall of Fame, and the Wrestling Observer Newsletter Hall of Fame, among others.

Flair has won the World Championship 16 times (8-time NWA World Heavyweight Champion, 6-time WCW World Heavyweight Champion, and two-time WWF Champion). He was the first person to hold the WCW World Heavyweight Championship and the WCW International World Heavyweight Championship, both of which he held for the first time.

As WCW World Heavyweight Champion, he made history by being the first person to complete the WCW Triple Crown at the very beginning. After previously holding the WWF Championship and the World Tag Team Championship, he went on to capture the Intercontinental Championship in the following year. Flair is the only guy in the history of professional wrestling to have held all four incarnations of the championship.

Personal Life

Ric Flair announces split from wife Wendy Barlow after separation

Flair tied the knot with Leslie Goodman on August 28, 1971. A girl called Megan and a son named David were born into the family. Their divorce was finalized in 1983.

On August 27, 1983, Flair tied the knot with Elizabeth Harrell. They also had two children: an Ashley, a daughter, and a Reid, a son, both of whom were born to them. Flair and Harrell divorced in 2006, according to court records.

Flair tied the knot with Tiffany VanDemark on May 27, 2006. She competes in fitness competitions. She filed for divorce in 2008, and the process began immediately. In 2009, their divorce was finally finalized.

On November 11, 2009, Flair tied the knot with Jackie Beems in North Carolina, proving that he enjoys the institution of marriage. Flair filed for divorce from Jackie in 2012, and the divorce was finalized the following year.

Flair tied the knot for the sixth time with Wendy Barlow, better known as Fifi the Maid on WCW, on September 12, 2018, in Florida.

David Flair, like his father, was a professional wrestler in his own right. David wrestled for World Wrestling Entertainment from 1999 until 2001. An accomplished high school wrestler, Flair's second son Reid received a developmental contract with WWE in 2007 and has since progressed through the ranks.

When Ric Flair's daughter Megan gave birth to her first child, a daughter named Morgan Lee Ketzner, in 2004, he became a grandfather for the first time.
Ashley Flair, the second daughter of Charlotte Flair, made her professional wrestling debut in 2012 under the stage name Charlotte Flair.

During a drug overdose resulting from a mix of heroin, Xanax, and a muscle relaxant in March 2013, Flair's kid Reid passed away.

Flair has made a lot of absurd claims throughout his career, including the assertion that he slept with 15,000 women and had 15 beers each day on average.

In June 2020, Ric Flair defended his daughter Charlotte against fans who have complained that she has been overexposed in the wrestling industry. He stated the following in an interview: “The way they're marking her is driving me insane — one mark after another says, “We're weary of seeing her.” Good, now you may see her at another event on television. She's a billionaire, and she has the freedom to pursue her passions. And, as a result of the firm, she has become a millionaire; there you have it.”


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Financial Problems

10 Things WWE Wants You To Forget About Ric Flair – Page 4

Since the early 1990s, Ric Flair has had a series of run-ins with the Internal Revenue Service. In 2000, the Internal Revenue Service levied a lien on him for unpaid taxes of $870,000. The Internal Revenue Service began garnishing Flair's WWE salary in 2005. In his defense, he attributed the problems to his second wife Elizabeth's extravagant expenditures.

Following legal files made public in 2019, Ric is alleged to have omitted to pay the entire amount of taxes due on his profits between 2016 and 2018. According to the filing, he owes the federal government $240,000 and the state of Georgia $40,000 in back taxes.

During the year 2019, Rick was also hospitalized for a medical emergency that necessitated heart surgery, which resulted in a reported $1.8 million medical cost that was not covered by insurance.