What is Don King’s Net Worth?

Don-King-in-boxing-ring-holding 2-flags

Have you ever wondered what Don King is worth?  He has been involved with some of the biggest names in boxing and has taken a slice from each of their earnings.

Also, there are the accusations that he has conned more than one fighter out of millions of dollars.  Some of these have tried suing him and have been settled out of court, for a small fraction of what they claimed to be owed.

So here we find out what he’s worth or shall we say ‘what he’s estimated to be worth’.  We would put money on it being much, much higher!

Who is Don King?

Don King is an American businessman who has an estimated net worth of $150 million as of 2023.  Don King is widely regarded as one of the most famous and successful boxing promoters of all time. He regularly made headlines for his unique image and his controversial actions. In terms of his career, Don King has represented some of the biggest names in boxing including Muhammad Ali, Mike Tyson, George Foreman, Evander Holyfield, Larry Holmes, Julio César Chávez, Andrew Golota, Félix Trinidad, Roy Jones Jr., and Marco Antonio Barrera. He was the promoter behind Muhammad Ali’s most famous fights, the “Rumble in the Jungle” and the “Thrilla in Manila.” Although many remain divided about his contributions to the world of boxing, it is undeniable that Don King has made an impressive name for himself.

Early Life

Don King was born on August 20th of 1931 in Cleveland, Ohio. After attending high school, he attended Kent State University, although he soon dropped out. King’s early involvements in organized sport were suspect, to say the least. He initially ran an illegal bookmaking operation out of the basement of a record store, but this operation came to a halt when King was jailed for murder.

While in prison, Don King spent most of his time reading and self-educating. Eventually, King would receive a full pardon for his crimes – but only after he had been released from prison for many years. Numerous high-profile figures wrote letters to the courts in support of King, which undoubtedly contributed to “cleaning up” his image.

Upon being released, Don King immediately started to pursue a career as a boxing promoter. An important first step in his career path was convincing Mohammed Ali to fight in a charity event that would help raise money for a hospital. After this, he formed a partnership with Don Elbaum. Elbaum had years of experience as a boxing promoter, and he already represented various successful boxers.

Breakthrough

Don King’s breakthrough came when he negotiated a record-breaking $10 million purse for the much-anticipated showdown between George Foreman and Mohammed Ali in 1974. The fight was promoted as “The Rumble in the Jungle,” and took place in Zaire, Africa. Part of the reason Don King was able to reign supreme over other rival promoters was the fact that he managed to negotiate the purse with the government of Zaire.

In, 1975, King promoted another of Ali’s fights, this time against Chuck Wepner. Although many assumed Ali would win against Wepner, the underdog managed to knock Ali down. Fortunately for Ali and King, the journeyman was knocked out in the dying seconds of the fight.

King’s next major accomplishment came with the promotion of Ali’s fight against Joe Frazier. Don King dubbed this meeting the “Thrilla in Manilla” because of its location in the capital of the Phillippines.

Although Mohammed Ali was a major focus for Don King, he also expanded his operation to work with many other successful boxers such as Larry Holmes, Salvador Sanchez, Roberto Duran, Mike Tyson, Wilfried Benitez, and Alexis Arguello, among others. This continued for many years after Mohammed Ali’s retirement.

Activities Outside of Boxing

In addition to boxing, Don King managed Michael Jackson’s Victory Tour. He also purchased a newspaper called Call and Post and ran it as the editor for many years

Legal Issues

When Don King operated his illegal bookmaking operation, he murdered two men. In one incident, King shot a man in the back while he was trying to rob one of his underground gambling establishments. In the other incident, Don King stomped a man to death because he owed King $600. The man was a former employee of King’s. These two murders occurred between 1964 and 1967.

The court came to the conclusion that the first murder, in which King shot a man in the back, was justifiable homicide since King was being robbed. For the second murder, in which King stomped his employee to death, King was found guilty of second-degree murder. However, this would later be changed to non-negligent manslaughter, as it was deemed to be “in the heat of the moment.”

Don King has been sued by a number of boxers. Mohammed Ali took King to court in 1982, alleging that he had been underpaid to the tune of $1.1 million. The case was handled outside of court for a settlement of $50,000. Some have suggested that Ali was taken advantage of during this time, as he was in poor health and mental condition.

Larry Holmes stated that Don King cheated him out of $10 million in fight purse money. After suing King, the boxer agreed to take a settlement of $150,000. He also agreed not to say negative things about King in public.

Tim Witherspoon alleges that he was tricked into handing over more than 80% of his fight money to King and his associates. This is much more than is allowed by law. This meant that Tim Witherspoon was frequently handing over more than two-thirds of everything he made in each fight, including sanctioning fees and other payments that should have gone to the fighter. Witherspoon was also forced to train at King’s own gym at a cost rather than train elsewhere for free. After suing King for more than $25 million, he eventually settled outside of court for $1 million.

Mike Tyson also thought ill of Don King. Tyson alleged that his promoter had cheated him out of millions of dollars over the decades in which they worked together. He eventually sued King for $100 million and settled for $14 million outside of court.

Many other boxers would eventually come forward with similar accounts. Some have even suggested that King threatened to have boxers killed or severely injured if they did not take certain fights or do certain things.

It is alleged that Don King was arrested more than 35 times for a variety of crimes.

Personal Life

Don King’s wife of 50 years, Henrietta, passed away on December 2, 2010. Don has three kids, five grandchildren, and three great grandchildren.

King was known for holding a turkey giveaway each Christmas in which he distributed thousands of free turkeys to South Florida residents in need.

Don King was elected to the Gaming Hall of Fame in 2008.

All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.

Content retrieved from: https://www.celebritynetworth.com/richest-athletes/richest-boxers/don-king-net-worth/.

A real-life TopGun Instructor shares his views on how realistic the flying scenes were in the TopGun: Maverick movie

 
 
I taught at TOPGUN, and the flying and dogfighting seen in the ‘Top Gun’ movies are pretty darn realistic
 

 

 

This as-told-to essay is based on a conversation with Guy Snodgrass, a former TOPGUN instructor and retired naval aviator who was also Communications Director and Chief Speechwriter for Secretary of Defense James Mattis. It’s been edited for length and clarity.

With the original “Top Gun” film from 1986 and 2022’s “Maverick” sequel, Hollywood and the producers did a phenomenal job. They worked in collaboration with the United States Navy, and all the flight scenes you see in both movies are pretty darn realistic.

When the pilots were ripping through canyons in “Maverick” to practice low-level flying and then popping up to release ordnance on target, all of those are things that we would train to do and would do in similar circumstances. Of course, everything else has quite a bit of Hollywood magic sprinkled on it. You don’t typically have a lot of love interests going on at TOPGUN. You’re not out on the beach playing football.

 

 

There are also a lot of liberties taken with the scenes of fights breaking out, too, like people getting in each other’s faces and yelling and screaming. There’s just not a lot of room for that in today’s military; it’s a very professional environment. There are disagreements, but you work through it as professionals.

 

As for which film is better at capturing TOPGUN, I suspect it would be a generational question. If you ask someone who was flying in the 1970s and 1980s, they might say the original is better because that was their time. Plus, the original has the F-14 Tomcat, and there’s a lot of nostalgia for that jet.

 

The second movie was great with the flight scenes, the camaraderie, and how they approached the mission. There’s still that Hollywood magic, like Capt. Pete “Maverick” Mitchell, who has been around for decades, being able to fly an F-14 against a Russian fifth-generation fighter and prevail. On that level, a fifth-generation fighter like Russia’s Su-57 is going to smoke the F-14 every single day and twice on Sunday.

But the person in the cockpit is the key element, and that’s what we really focus on at TOPGUN.

Becoming a TOPGUN instructor

Snodgrass said the application process is fairly straightforward but highly selective. Guy Snodgrass
I think in a lot of cases throughout my career, I was always attracted to trying to do the toughest things. And one of the pathways I could take after my time as a Navy fighter pilot was to go through TOPGUN.

 

That’s the path I wanted to pursue, so I could try and reach that pinnacle of fighter pilots in naval aviation.

But the most demanding part of being a TOPGUN instructor for me wasn’t the actual flying, like you see in “Top Gun” and “Top Gun: Maverick,” but the lecture process as an instructor.

Getting into TOPGUN is fairly straightforward. You’ve accumulated a body of work over your time in a flight squadron. You put in your application, you get letters of recommendations from pilots you’ve actively flown with, and typically your commanding officer from your unit will provide an independent evaluation.

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When I was an instructor, I saw the other side of this. Once you have all the applications, maybe 30 people for eight spots, there’s this cascade — we call it the waterfall — in how people get chosen. You go through all 30 individuals and determine who are the few, usually maybe four or five, that we want to stay as instructors. The remainder of the pool can now be picked by other schools, so it kind of cascades down from TOPGUN.

 

In my case, I was selected to be an instructor. I went through the course, which today takes about 12 weeks, and at the conclusion of that, I was selected.

A day in the life at TOPGUN

The daily schedule is hectic, but debriefs after flights are the best time to learn and grow. Guy Snodgrass
You’re typically an instructor at TOPGUN for two-and-a-half, maybe three years. You’re flying every single day, Monday through Friday, and in many cases, twice a day. We’d get up early, around 4:30am, for our first brief at base around 5:30am to 6:00am. You have some time to relax, grab your gear, get into the cockpit, and then there’s a 30-minute period to get the jet started and get all the systems online and ready for take off.

Depending on how dynamic your mission is — meaning how aggressive and fast you’re flying — you’ll likely be airborne for about an hour, doing basic flight maneuvers and the dogfighting you see in the “Top Gun” movies. A longer flying mission might be about an hour and a half.

You might be dogfighting against an instructor or using the gun on the plane to strafe the target on the ground or drop bombs from high or low altitude, putting what you learn in the classroom towards practical application.

 

Then you’re becoming an expert in air-to-ground delivery and doing multiplane exercises, flying with one other plane to start and then you extend outwards with three other planes for pretty involved missions, dodging simulated surface-to-air missiles, fighting your way in and dropping weapons, then fighting your way out.

Back on the ground, you get out of your gear, get some downtime, and then start the debrief. The debriefs are epic because they typically last anywhere from three-and-a-half to five hours.

These sessions can go for a very long time because you’re learning lessons from what you just flew. We would always say that the debrief is the most important because that’s where you’re learning your lessons and able to call them out in a real, tangible way so that you can apply them moving forward.

After debrief, you’ll probably have an hour break and then do another flight and repeat the cycle. You typically head home around 10:00 pm, maybe 10:30 pm.

 

What they don’t show in the movies

Both “Top Gun” movies have their Hollywood magic, but they’re surprisingly realistic. Guy Snodgrass
As an instructor, you go through the entirety of the process, and after everyone else finishes training and graduates, you stay and become a subject matter expert for some element of teachings at TOPGUN. Mine was air-to-air mission planning, so being in charge of long-range aerial combat.

Then you have six months to prepare, study, and practice to give this lecture on your area. You get eight practice lessons to receive feedback. In my case, it was a four-and-a-half hour long lecture, hundreds of presentation slides, and it had to be completely from memory. They don’t let you look at your slides, and you can’t use notes.

That’s the biggest thing, the most demanding part for me wasn’t the actual flying, but the lecture process and being able to do it completely from memory. But once I passed that, I was a fully qualified instructor and continued to learn and instruct throughout the remainder of my time.
Teaching and leading your subject matter area lecture is the most difficult part, Snodgrass said. Guy Snodgrass
The most rewarding part of being a TOPGUN instructor was the personal relationships you form with the people around you, who are also dedicated to trying to achieve their best potential. There’s a competitive air because everyone wants to try to be the best, but mostly there’s camaraderie.

 

I also got to meet these students as they came through, interacting with the future of naval aviation, future leaders who are going to continue to grow for the remainder of their career and assume positions of greater authority. As an instructor, you’re having a real direct influence and ability there.

 

Content retrieved from: https://www.businessinsider.com/topgun-instructor-movies-flying-dogfighting-pretty-realistic-2024-3?amp.

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