Sports

Conor McGregor said he's a billionaire in an Instagram post, but it's unlikely that's even close to being true

Conor McGregor UFC fighter
Conor McGregor. Photo by AP Photo/John Locher
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Conor McGregor is now a billionaire, the UFC fighter proclaimed in an Instagram post on Thursday.

"I fought for billionaires and then became one myself," the Irishman said alongside a photo of him doing his "billionaire strut" in the middle of a UFC octagon ahead of his iconic fight against Khabib Nurmagomedov at UFC 229 last year.

The fighting-for-billionaires reference is a nod to UFC executives like former CEO Lorenzo Fertitta, who is worth $1.8 billion, according to Forbes.

Fertitta and his brother, Frank Fertitta III, bought UFC for $2 million in 2001 and sold the company for $4 billion in 2016.

Dana White, the company's president, retained his role under the new ownership and made $400 million from the deal, the Los Angeles Times reported in 2017.

Read more: How Conor McGregor spends his fortune, from Lamborghinis and yachts to outrageous designer suits >>

But McGregor says he is worth more and claims to now be a billionaire himself.

The King Mandingo. I fought for billionaires and then became one myself.

A post shared by Conor McGregor Official (@thenotoriousmma) on Aug 8, 2019 at 7:32pm PDT

It's unlikely McGregor's claim is even close to being true though.

In Forbes' 2019 ranking of the 100 highest-earning celebrities on the planet, McGregor was 65th, with $47 million banked.

McGregor's highest payday was the approximately $100 million he earned for his 10th-round loss to Floyd Mayweather in his sole boxing-rules bout in 2017.

He has had one fight since, the fourth-round submission loss to Nurmagomedov, his UFC lightweight rival, which made him $30 million richer, Forbes said.

McGregor does have other income streams. His popular Proper No. Twelve whiskey brand had already sold close to 200,000 cases when Business Insider spoke with McGregor's business partner Ken Austin earlier this year.

He also has a burgeoning clothing line, August McGregor, as well as a company, McGregor Sports and Entertainment, used to register trademarks that protect his personal brand — it sells the MacTalk app on the Apple App Store and runs the news website The Mac Life.

It is unclear when, if at all, McGregor will return for another multimillion-dollar fight in a UFC octagon. But Austin told Business Insider that Proper No. Twelve would release further expressions as it looks to close the gap with the leading Irish whiskey brand, Jameson.

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Alan Dawson is Insider's combat sports correspondent. He moved to Las Vegas indefinitely after being shortlisted twice for Sports Journalist of the Year in 2020. He has twice been credited by the Boxing Writer's Association of America, is a Hall of Fame voter, and an MMA Journalists Association member. He joined Insider in 2017 as a reporter, was promoted to senior reporter in 2019, and then again to a correspondent in 2020, after establishing Insider Inc. as one of the best independent publications to follow in the fight sports industries. He is read by millions of people around the world every month. He has investigated the intersection of organized crime and boxing, uncovered possible bribery in sport, and has been ringside for some of the most iconic moments in combat sports including Fury-Wilder 2, Khabib Nurmagomedov's retirement, and Davis-Garcia. He has taken assignments in Europe, the Middle East, and across the U.S., and was one of the few credentialed reporters to cover the UFC during the pandemic era of sports when the company held MMA events behind-closed-doors in a bubble environment on Yas Island, Abu Dhabi. Dawson has been featured on Morning Kombat on Showtime, on BBC and GB News in the UK, and The Sun in Ireland. His work has been cited by CNN, The Telegraph, Forbes, USA Today, IB Times, Boxing Scene, World Boxing News, Sherdog, Bloody Elbow, The Sun, The Mirror, and Metro, as well as national media in Finland, Ukraine, Russia, Indonesia, Singapore, and Vietnam. Follow him on Twitter at @alandawsonsport.