Nick Denton founded Gawker Media in 2002, and its network of sites rakes in upwards of $40,000,000 per year thanks to being America’s 45th most popular online property while still continuing to grow; the company itself has an over-all worth of $300,000,000. Individually, the British founder Nick Denton’s net worth reportedly is $320,000,000.
Denton made headlines in December 2014 after sending a memo to his employees that while he will still remain CEO, he is stepping down as president and significantly scaling back his duties, and this probably has a little to do with Denton making a handsome enough sum of money per year now.
While this is the case currently, it wasn’t always. Despite his company earning multi-millions of dollars per year, he claims to have only taken a $60,000 salary until three years ago. That amounts to only $600,000 in salary for ten years, and Denton says he was able to do this and still enjoy the finer things in life thanks to the wealth he generated from selling his previous endeavors. Denton founded Gawker after already selling his two initial start-up companies for a combined $90,000,000, giving him a good financial platform to get Gawker started from his New York City apartment.
His net worth was estimated to be $290,000,000 in 2007 by U.K’s the Sunday Times Rich List, meaning he’s done a good job managing his earnings even despite funding a fancy New York wedding to his partner in June of 2014- which ironically enough had a no social media rule.