Since his birth on August 24th 1945, Vince McMahon has been the CEO of WWE, or World Wrestling Entertainment. He has also been a professional wrestler, a commentator, and a film producer.
Net Worth of Vince McMahon
McMahon net worth is $1.6 billion after a long and successful career in wrestling and several other hobbies. His income is mostly derived from his position as CEO of WWE, the world-famous wrestling organisation.
Vince McMahon Infancy and Childhood
A native of Pinehurst, North Carolina, Vince McMahon grew up in the wrestling business. He is the son of Victoria McMahon and Vincent James McMahon, the couple’s eldest child. He has the same first name as his father and the middle name of Kennedy, which he inherited from him.
Until he was 12, he had no idea who his father was because they divorced when he was an infant. In contrast to his older brother Rod, who was raised by their father, he had no contact with him. Vince moved in with his mother, who had been married and divorced numerous times, so he had a slew of stepfathers.
Leo Lupton, one of his stepfathers, was a violent abuser who would physically assault his mother on a regular basis. This had a profound effect on him, to the point where he considered killing him. The fact that Leo didn’t die at his hands was a disappointment to him, and he had made that clear.
In 1964, Vince graduated from Fishburne Military School in Virginia, where he received a military education. He then attended East Carolina University and graduated in 1968 with a degree in Business. Dyslexia had been a problem for him since he was a child, but he conquered it.
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Vince McMahon Career
During the early 1970s, McMahon was helping his father organise and promote a minor wrestling event. The All-Star Wrestling in-ring announcer quickly became the go-to play-by-play commentator. Increasing public support kept him in office until 1997, when he stepped down.
Following the death of his father in 1984,Vince McMahon assumed responsibility for the World Wide Wrestling Federation, which his father founded with the help of his wife Linda McMahon. Vince McMahon’s decision to put Hulk Hogan in charge of the corporation was a brilliant one.
The Rock & Wrestling Connection was the moniker he gave to his reworking of the wrestling scene, which included the introduction of storyline elements and pre-choreographed matches.
Professional wrestling’s popularity grew as a result of this new innovation, which also drew in individuals who had never heard of it before. WrestleMania and other unconventional promotions followed.
World Wrestling Federation changed its name from World Wide Wrestling Federation to World Wrestling Federation (WWF) under the leadership of Vince McMahon.
A multi-billion-dollar enterprise because to his innovations and contributions. He has also appeared in the ring, where he has competed in different challenges, such as the WWF Championship and the ECW World Title.
Vince McMahon Life at Home
His wife, Linda McMahon, is his wife. They’d met as teenagers and got married on August 26, 1966. Stephanie and Shane are the names of the couple’s two children, a daughter and a boy.
It’s safe to say that both kids have had their fair share of experiences in professional wrestling, both on and off the mat. Three of their son’s grandchildren live with the couple, and three of their daughter’s grandchildren live with them.
Greenwich, Connecticut, where Vince and his family reside, is just 30 minutes from the WWE’s corporate headquarters in Stamford. $40 million is the estimated value of this opulent home. He also has a $12 million penthouse in Manhattan’s Upper East Side.
When Vince McMahon faked his own death by filming himself entering a limousine that exploded, he caused a stir. People began to speculate and assume that he had died as a result of this. As a result, this was all part of a play.
This video was aired on television on 11 July 2007, and 14 days later, on 25 June 2005, he went on air to show that he was actually not dead and that he was very much alive.
He also stated the reason for faking his death was to see what people thought of him and how they reacted. This was met with a lot of backlashes and even his daughter was accused of checking his will to see what she would inherit from his wealth.
How Many Shares of WWE Does Vince McMahon Own?
Vince McMahon being the third generation to be associated with the company, it is natural for him to hold a large percentage of the shares, and he surely does that. He owns 28.7 million shares of World Wrestling Entertainment(WWE)’s stocks.
Class B shares that control about 80% of the WWE’s voting power is owned by him, and he also has 37% shares among the company’s total outstanding shares.
He had great luck when it came to dealing with his shares. He sold 3.2 million shares in 2017 which brought him a revenue of approximately $100 million.
In 2019, he again sold another 3.2 million shares but this time with a revenue of a staggering $272 million. He invested these profits into XFL Football League and his wholly-owned subsidiary named Alpha Entertainment.
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Conclusion
Vince McMahon is more popular for his role as the announcer in wrestling and his business ventures. He has skillfully re-invented and revamped the wrestling scene with his ideas and has brought professional wrestling to the world-front.
He also has a lovely family to live with who have constantly supported him both professionally and personally.