Conor McGregor is, by any metric of millionaire status, an undeniably super-wealthy self-made man.
But, like much of the braggadocio and hyperbole surrounding the MMA fighter’s ostentatious lifestyle, McGregor’s net worth could appear to be vastly over-inflated.
Colossal Losses
In fact, an analysis of McGregor’s myriad and complex weave of common accounts which were filed with the company’s Registration Office just this week paints a picture of a financial freefall.
With colossal losses amounting to €20 million last year alone and creditors from his property company climbing to a staggering €28.6m, it would appear that McGregor’s businesses are haemorrhaging cash.
The most recent accounts for McGregor’s property development firm, Emrajare Ltd, show losses increased by €1.83 million to €5.66 million last year.
The accounts for Emrajare Ltd, which was established in 2021, show that the post-tax losses of €1.83 million for 2023 followed losses of €2.17 million in 2022.
Fortune
A note attached to the accounts shows Emrajare owed McGregor Sports & Entertainment Ltd €19.7 million at the end of December last. Conor’s fiancé Dee Devlin is listed as director of McGregor Sports & Entertainment Ltd allowing limited control of the McGregor empire pursestrings.
McGregor himself has never shied away from tootling his own financial trumpet when discussing his vast fortune.
In an interview with the Irish Mirror in 2023, he said: "I’m closing in on a billion now. I think I’m at about $650m (£520m) all in I’ve made. I think they (Forbes) estimate that. I’d have to probably do my own little check of that. But I fancy my chances, I fancy my chances of getting up that list."
Forbes, however, would beg to differ; and quite drastically so.
Conor McGregor in 2023. (Getty Images)
Forbes
So much so that in the past two years, McGregor failed to even feature on the Forbes list of the world’s wealthiest sports stars.
And even in the previous years when he did make the cut, his estimated wealth was valued at far below the billion he had boasted.
In 2021, McGregor ranked as the top-earning athlete on the long-published financial magazine’s annual list with a reported $180 million fortune.
Forbes reported that $22 million of that came from fighting, but a whopping $158 million was from endorsements with around $150 million of that haul when he sold his share in Proper No. Twelve.
In 2022, McGregor dropped to 22nd on the list at a reported $52 million. Before he topped the 2021 list, McGregor was 16th in 2020, 21st in 2019, 4th in 2018, 24th in 2017 and 85th in 2016.
And as the fallout from last month’s civil trial continues unabated, it is doubtful that McGregor will make an appearance on Forbes any time again soon.
Accounts
As exclusively reported by Extra.ie last week, the sports star’s various business ventures are running at significant losses.
In fact, his foray into the drinks industry has taken a massive hammering with losses totalling €11 million in just the last 12 months alone.
The whopping losses are detailed in the 2023 year-end accounts for the embattled fighter’s complex company structure for his drinks firm Forged Irish Stout.
The accounts that landed this week paint a dismal financial picture.
Forged Irish Stout has three separate but interrelated business companies registered at the CRO and all four are running at substantial losses.
His pub The Black Forge is also showing major losses.
McGregor’s biggest hit is detailed in the accounts of Forged Stout Distribution Limited which show the firm took a heavy hit with a recorded loss of €5,197,394.
Another firm, Forged Stout Production Limited, is not faring much better with a recorded loss of €3,053.1411
A third business, Forged Irish Stout, is also not showing a profit and is some €828,492 in debt.
His foray into the pub business has also proved somewhat of a financial misadventure as Jemi Ventures Limited – the entity utilised for his pub The Black Forge Limited – is also running at a loss with the accounts showing his pubs in the hole for some €2,227,467.
The total losses for these four companies alone amount to a staggering €11,306,494.
*This article was originally published on Extra.ie.
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