What Is Jann Wenner’s Net Worth?

Jann Wenner, a prominent American publisher, entrepreneur, and producer, has an estimated net worth of $600 million. He is best known as the co-founder and publisher of the iconic “Rolling Stone” magazine, as well as the co-founder of the Rock and Roll Hall of Fame.

Wenner was a member of the Free Speech Movement and co-founded “Rolling Stone” with Ralph J. Gleason in 1967. Throughout his career, he has backed numerous writers, including Hunter S. Thompson, Joe Klein, and Cameron Crowe, and discovered photographer Annie Liebovitz. He has also conducted interviews with several high-profile figures, including Bill Clinton, John Kerry, Al Gore, Barack Obama, and Bono of U2.

In addition to “Rolling Stone,” Wenner founded “Outside” magazine in 1977 and purchased “Us Weekly” in 1986. He previously owned “Men’s Journal” as well. Wenner has also produced numerous music-related specials and TV shows, including several Rock and Roll Hall of Fame Induction Ceremony specials, “Rolling Stone Magazine: The 10th Anniversary” (1977), “Rolling Stone Presents Twenty Years of Rock & Roll” (1987), and “I’m from Rolling Stone” (2007). He earned a Primetime Emmy nomination for producing the 2009 TV special “The 25th Anniversary Rock and Roll Hall of Fame Concert.”

Wenner even had a cameo in the 2000 Cameron Crowe film “Almost Famous” and was portrayed by Eion Bailey.

Jann Wenner’s Early Life and Education

Jann Wenner was born on January 7, 1947, in New York City, to a secular Jewish family. His parents divorced in 1958, and he and his sisters were sent away to boarding schools. Wenner graduated from the Chadwick School in Los Angeles in 1963 and then enrolled at the University of California, Berkeley, where he produced a column called “Something’s Happening” in the student newspaper. Wenner dropped out of college in 1966 but was able to secure a job at “Ramparts” magazine with the help of his mentor, jazz critic Ralph J. Gleason of the “San Francisco Chronicle.”

Jann Wenner’s Career and Controversies

Jann Wenner co-founded “Rolling Stone” magazine in 1967 and moved its headquarters to New York City in 1977. Despite circulation declines, the magazine reached an all-time high of 1.5 million copies every two weeks in 2006. Wenner also founded and managed other magazines, including “Outside” and “Family Life,” and purchased and later sold “US Weekly.”

In 2016, Wenner sold a 49% stake in “Rolling Stone” to BandLab Technologies, and later sold the remaining stake to Penske Media Corporation. He has been the subject of several books, including “Sticky Fingers: The Life and Times of Jann Wenner and Rolling Stone Magazine.”

Wenner was inducted into the Rock and Roll Hall of Fame Foundation in 1983, but has also faced criticism for allegedly lobbying to keep certain artists out of the Hall of Fame due to personal bias. He left his position as chairman of the Foundation in 2020.

Family and Political Contributions

Jann Wenner married Jane E. Schindelheim in 1968 and they had three sons before separating in 1995. Their divorce was finalized in 2011. Jann began a relationship with fashion designer Matt Nye in 1995, and they have three children via surrogate mothers. Jane continued to work as Wenner Media’s vice president after the split, while their son Gus became the head of digital operations for the company.

Between 2004 and 2006, Wenner donated over $60,000 to liberal organizations and Democratic candidates.

Jann Wenner’s Accolades

Jann Wenner, the founder of Rolling Stone magazine, has received numerous accolades for his contributions to the music industry and publishing. In 2004, Wenner was inducted into the Rock and Roll Hall of Fame for his lifetime achievement in the nonperformer category.

Wenner’s achievements in magazine publishing were recognized in 2010 when he received the Norman Mailer Prize for Lifetime Achievement. That same year, he was also nominated for a Primetime Emmy for Outstanding Variety, Music, or Comedy Special for his work as an executive producer on “The 25th Anniversary Rock and Roll Hall of Fame Concert.”

Montauk Waterfront Home

In 2009, Jann Wenner and Matt Nye purchased a 6,300 square foot home in Montauk, New York for $11.9 million. The property includes eight bedrooms, 6.5 bathrooms, and sits on 1.5 acres of land.

Other Properties

At the time of the purchase, Wenner owned at least five other properties, including a 9,030 square foot Manhattan brownstone, a 6,540 square foot Manhattan town home, and a ski condo and ranch in Sun Valley, Idaho.

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