Vince McMahon has an estimated net worth of $3.6 billion. He is an American businessman, media proprietor, and professional wrestling promoter known as the majority owner and executive chairman of WWE.
A business graduate and executive, Vince McMahon delved into wrestling promotion in the late 1960s. He later became popular as the chairman of the globally famous World Wrestling Entertainment (WWE). Today, the WWE remains one of the most famous sports organisations with its shows broadcast in roughly a hundred and fifty countries and over thirty languages. In addition to promoting wrestling, Vince McMahon is an astute businessman. He is the creator of Alpha Entertainment, the owning company of XFL, a now-defunct American football league. Read on to get detailed facts about McMahon’s life, net worth, and family.
Early Life and Family Background
Vince McMahon was born on the 24th of August, 1945 in the Pinehurst town of North Carolina, United States. He is the second son of Victoria and Vincent James McMahon, founder of the capitol Wrestling Company (CWC). His father left the family when he was still a baby, taking his elder brother Rod with him. Vincent, therefore, didn’t get to meet him until age twelve. His paternal grandfather and grandmother, Roderick James McMahon and Rose Davis respectively were of Irish descent.
Vincent McMahon was raised as Vinnie Lupton since his mother was then married to one Mr. Lupton. His mother would later hook up with a number of other men before eventually settling with one Mr. Askew. Vince, therefore, spent the majority of his childhood living with his mother and a string of stepfathers. Growing up, Vince suffered from dyslexia but later overcame it. He schooled at Fishburne Military in Waynesboro, Virginia, graduating in 1964. After high school, he studied Business at East Carolina University, earning his degree in 1968.
On completing his education, Vince McMahon tried his hands in a number of nondescript jobs, including working as a traveling salesman. He even had to live in a trailer park at some point of his young years. Meanwhile, he continued to harbor the desire to become a managerial part of his father’s World Wide Wrestling Federation promotion formerly CWC.
What Is Vince McMahon’s Net worth?
Vince McMahon’s net worth stands at $3.6 billion. McMahon accumulated his impressive wealth from his WWE career and other ventures. His worth has, however, fluctuated over the years as a result of some good business years and some other bad business years.
In 2001, his net worth was pinned at $1.1 billion, backing up WWE’s claim that he was a billionaire. He, however, dropped off the billionaire list between 2002 and 2013. In 2014, McMahon’s net worth boomed again, reaching $1.2 billion. It, however, dropped later in the year to an estimated $750 million after his WWE stock crashed by $350 million due to a price drop following disappointing business outcomes. In 2015, McMahon once again returned to the list with an estimated worth of $1.2 billion.
Among Vince McMahon’s prominent properties are a $12 million Manhattan penthouse, a $40 million Greenwich mansion, a $20 million vacation home, and sexy bitch (a 47-foot sport yacht).
Vince McMahon’s Wrestling Career
McMahon opened his career as an in-ring announcer for the WWWF’s All-Star Wrestling in 1969. In 1971, he was deployed to manage a mini territory in Maine, where he engaged in promoting his first card. He later in the year, became the play-by-play commentator for TV matches.
Vince MacMahon eventually succeeded in joining the management team of his Father’s small wrestling company in 1972. Through the 1970s, McMahon remained an eminent force in his father’s company. Over the next ten years, he helped in increasing their television syndication by three times. He also scouted for the renaming of the firm to “World Wrestling Federation” (WWF). Vince was also behind the much-talked-about 1976 Antonio Inoki vs Muhammad Ali face-off. In 1982, he purchased the business from his ill father (who later died in May 1984) and eventually transformed it from a regional operation into a global phenomenon. Meanwhile, Vince maintained his commentator role on the WWE until 1997.
Starting from 1997, McMahon began to engage in professional wrestling in the WWE using the ring name “Mr. McMahon”, a stunt based on his real-life persona. He would later become a world champion twice, having emerged the 1999 WWF Champion and the 2007 ECW World Champion. He was also the winner of the 1999 Royal Rumble. Vince handled multiple WWF/WWE pay-per-view games from 1999 to 2000 and took part in WrestleMania 2000’s main event as The Rock’s cornerman. In singles wrestling, Vince McMahon holds the record of vanquishing former WWF/WWE Champions Shawn Michaels, Triple H, Ric Flair, and The Undertaker. He equally fostered his on and off-screen roles as the major authority figure amongst the McMahon family.
McMahon’s Other Business Ventures
In 2000, Vince McMahon invested outside professional wrestling. He created the XFL, a professional American football league. The league began in February 2001 but unfortunately folded just after one season as a result of poor ratings.
In February 2014, Vince McMahon co-founded the massive streaming service – WWE Network. In 2017, he inaugurated and personally financed a private entity called Alpha Entertainment.
Vince McMahon’s Income Sources
- WWE career
- WWE Network
- Alpha Entertainment