Nick Denton is a British Journalist and former owner of the blog, Gawker Media and the editor of Gawker.com. He ran an extremely successful business till he was bankrupted by Hulk Hogan’s lawsuit in 2016. Keep reading to know more about Nick Denton’s net worth in 2019.
Born on 24, August 1966 to economist Geoffrey and Marika Denton, Nick grew up in Hampstead. His mother fled from Nazi clutches in Hungary and eventually died of cancer before her son moved to the United States. Nick has a sister, Rebecca.
Denton’s schooling took place in University College School and then he went on to study in University College, Oxford where he was a student of Politics, Philosophy and Economics. At the time he was also made the editor of the University’s magazine.
He married African American actor Derrence Washington in 2014, after dating him for almost a year. Their marriage took place in the Hayden Planetarium, located inside the American Museum of Natural History.
In 2016, Hulk Hogan sued Gawker Media for publishing an article with exclusives on his affair with a friend’s wife. Hogan, whose real name is Terry Bollea eventually sued for breach of privacy.
The company filed for Chapter 11 Bankruptcy in 2016.
Nick started off his career in journalism by writing about the banking sector for The Financial Times in London. He then started to write about the tech world for which he had to move to San Francisco.
In 1998 he changed career paths by establishing his own company called the First Tuesday which was a networking group for the tech industry. He had created it with three other friends from London and they sold it off after two years for a million dollars.
Elizabeth Spiers and he were the founders of Gawker Media. In its initial days in 2002 Denton worked out of his flat in SoHo. Their company initially started two websites, Gawker and Gizmodo.
The company grew steadily and in 2008, it had become so big that they needed to move their official headquarters to New York City.
In 2015, Gawker media expanded to include more websites including Deadspin and Jezebel. Denton had over 250 employees at the time.
Awards & Achievements
Denton is famous for establishing a Media empire with his dedicated hard work and years of experience. However, he put it all on the line by refusing to withdraw Hogan’s sex tape, believing himself to be in the right.
He firmly believes in a journalists’ right to report and is strongly against the censorship which is apparent in his fighting the lawsuit against Hogan.
Net Worth of Nick Denton
Nick Denton’s net worth is around $320 million. Gawker Media has of course been the main source of his income. It encompassed several gadget blogs, lifestyle blogs, news blogs as well as multiple social networking sites that found popularity among the masses. The valuation of this conglomerate was very high till it was eventually acquired by Univision.
Nick Denton’s legal battle with Hulk Hogan led to his downfall. He stood staunchly against the lawsuit and eventually the court ruled in favor of Hogan demanding payment by both Gawker Media as well as Denton himself. Since then he has shifted the focus from celebrity sensation stories to more mainstream news covering political and world happenings. Denton declares that this shift in perspective has not decreased their readership and in fact, they have faced increased traffic with the kind of news they cover. Denton has built quite the career for himself and his dedication to his field deserved to be applauded.