Randy Savage Net Worth
Randy Savage had an estimated net worth of $8 million at his death. WWE Hall of Famer ‘Macho Man’ Randy Savage was known for the trademark growl and flamboyant costumes that made him one of pro wrestling’s biggest stars of the 1980s and ’90s. He earns most of his income from his career as a wrestler, actor, and rapper.
Randy Savage, the son of professional wrestler Angelo Poffo, initially embarked on a career as a professional baseball player before turning to his father’s sport in the 1970s. The “Macho Man” became a WWE superstar in the mid-1980s, winning multiple titles and drawing attention for his flashy costumes, signature “Oh yeah!” growl and relationship with his manager, Miss Elizabeth. Savage later competed in rival WCW for much of the 1990s and was posthumously inducted into the WWE Hall of Fame in 2015.
To calculate the net worth of Randy Savage, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$8 Million|
|Monthly Salary:||$100 Thousand|
|Annual Income:||$2 Million|
|Source of Wealth:||Wrestler, Actor, Rapper, Baseball player, Voice Actor|
Early Years and Baseball Career
Randall Mario Poffo was born on November 15, 1952, in Columbus, Ohio. Savage, the older son of Angelo Poffo, a highly accomplished pro wrestler in his own right, attended a number of schools while his father pursued his career across North American territories before settling in Downers Grove, Illinois.
According to his mother, Judy, Savage was a restless student who also protected other students from school bullies. He also excelled in a variety of sports, particularly baseball, and after high school signed with the St. Louis Cardinals organization.
Savage suffered a shoulder injury while playing the physically demanding position of catcher, limiting his ability to throw. He learned to throw with his other arm but struggled to hit, and his big-league baseball dreams were dashed in 1975.
Early Wrestling Career and ICW
Meanwhile, Savage was on his way to stardom after making his professional wrestling debut in 1973. After Georgia Championship Wrestling’s Ole Anderson suggested a moniker to reflect his “savage” style, he adopted his famous surname. His mother gave him the nickname “Macho Man,” and his younger brother Lanny suggested he imitate wrestler Pampero Firpo’s grunting, snarling sound bites.
Savage founded International Championship Wrestling in Lexington, Kentucky, with his father and brother in the late 1970s. Although their new promotion struggled to compete with the region’s established promotions, Savage’s aggressive ring persona drew attention, and by the early 1980s, he had established a reputation as one of the top wrestlers in the Southeastern territories.
WWE Superstardom and Miss Elizabeth
Savage debuted with World Wrestling Entertainment in June 1985, sparking competition for his services from ring managers such as Bobby “The Brain” Heenan and Jimmy Hart, before introducing the glamorous Miss Elizabeth as his manager later that summer.
Macho Man quickly became known for entering matches to the highbrow arrangements of “Pomp and Circumstance,” his flamboyant costumes and his signature “Oh yeah!” growl, his controlling interactions with Miss Elizabeth, and brash challenges to other stars, all of which helped him establish himself as a top WWE villain.
Savage, who was billed as the leading antagonist to popular champion Hulk Hogan, demonstrated his own championship abilities by capturing the Intercontinental title in late 1985 and retaining it until an epic loss to Ricky “The Dragon” Steamboat at Wrestlemania III in 1987. He then won the WWE championship at Wrestlemania IV and briefly formed the “Mega Powers” tag team with Hulk Hogan.
After defeating “Hacksaw” Jim Duggan for the King of the Ring title in 1989, Savage hired Sensational Sherri as his manager and renamed himself “Macho King.” He was reunited with Miss Elizabeth in a dramatic reunion at WrestleMania VII, and the couple “married” in a 1991 SummerSlam ceremony known as the “Match Made in Heaven.”
WWE Broadcaster and WCW Champion
In the early 1990s, Savage, now known as Macho Man, began spending more time ringside as a wrestling commentator. After defeating WWE champion Ric Flair at WrestleMania VIII in 1992, he briefly returned to the spotlight, but he was mostly behind the microphone the following year to call Monday Night Raw matches alongside WWE CEO Vince McMahon.
Macho Man jumped to World Championship Wrestling in late 1993, not ready to hand over the mat to the next generation of wrestlers. In 1995, he won the first 60-man, three-ring battle royal for his first WCW championship, and in 1996, he defeated Flair to reclaim the title.
Following what proved to be his final WCW match in 2000, Savage set his sights on life outside the ring.
TV, Film and Music
Along with Slim Jim snack commercials, Savage appeared in TV shows like Baywatch and had a small but memorable role as wrestler “Bone Saw” McGraw in the 2002 big-screen hit Spider-Man. With his 2003 album, Be a Man, he also dabbled in hip hop.
In December 1984, Savage married Elizabeth Hulette, aka Miss Elizabeth, and they divorced not long after the 1991 “Match Made in Heaven.” He later married Lynn Payne, his high school sweetheart.
Death and Legacy
On May 20, 2011, Savage died after suffering a heart attack while driving and colliding with a tree.
Time magazine named The Macho Man a Person of the Year a few months later, and he was inducted into the WWE Hall of Fame posthumously in 2015, cementing his legacy as one of pro wrestling’s iconic figures.
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