What is Vince McMahon’s net worth? Find out here. When we speak about the top personalities in WWE, it’s impossible not to mention Vince McMahon. He’s not only the chairman of the biggest wrestling company in the world, but also the man who has played an enormous role in popularizing this sport around the globe. His net worth is $350 million and there’s no doubt that his wealth will increase even more in the future years due to his investments in non-wrestling related businesses.
Born in Pinehurst, North Carolina on August 24, 1945. Vince is an American professional wrestling promoter, announcer and commentator who owns WWE (formerly WWF). His father was Roderick James Jess McMahon and his mother was Eloise Marie McMahons .He spent most of his childhood in Cape Girardeau, Missouri, where he attended high school alongside future wrestler Ed Farhat .After graduating from college, Vince was hired by his father to work for Capitol Wrestling Corporation. He had been a keen football player and started as a sideline reporter for St Louis Hawks. Later on he became host of their Championship Wrestling television show.
View this post on Instagram
Earnings from Businesses
WWE is a media and entertainment company that was formed in 1980 by Vince McMahon and his associates. The headquarters are based in Stamford, Connecticut. The WWE produces professional wrestling shows that air on cable television and on its streaming network known as WWE Network. The company also produce movies, full-length magazines, social media content, live events and game shows. WWE has produced more than 1,500 hours of original programming to date. Some of their biggest products include Raw which airs three times a week on USA Network, SmackDown Live which airs two times per week on Fox Network along with other weekly programs like Main Event and NXT. WrestleMania is their premiere pay-per-view event where they have grossed over $600 million in revenue from only 17 events so far.
His Earnings from Wrestling
Vince has earned much of his money from a professional wrestling career. He’s estimated to have made more than $750 million through his ownership of WWE, which included wresting promotions as Titan Sports and World Wrestling Federation (WWF). During Vince’s tenure with WWE, he also assumed executive roles and was instrumental in growing the company into a global brand. The $1 billion sale of WWE to entertainment giant WME-IMG in 2016 is said to have added at least another $300 million to Vince’s net worth. In April 2017, McMahon launched Alpha Entertainment, an LLC created with intentions to make investments into other companies involved in sports and entertainment.
Other sources of income
The Chairman and CEO of WME-IMG, Vince McMahon is certainly wealthy. He is also a co-founder of NXT, and a longtime professional wrestling promoter and performer. In fact, he has performed in front of audiences as an announcer and wrestler more than 40,000 times since 1970. The WWE Hall of Famer also has other sources of income besides his business ventures. During an interview with Stone Cold Steve Austin on The Steve Austin Show podcast in 2016, he revealed that he owns real estate around WrestleMania locations each year. He’s likely made millions from selling real estate over time too, considering how expensive property is along East Coast beach towns such as New York City or Miami Beach.
World Wrestling Entertainment Inc. (WWE)
Though we’re thinking Vince McMahon might be having some sleepless nights lately, that doesn’t change his status as a billionaire. According to Forbes, McMahon is estimated to have a current fortune of $3.8 billion. That said, Forbes did raise some eyebrows by listing McMahon’s net worth at just $1.1 billion back in 2007—that would make Vince only No. 464 on their list of billionaires in terms of wealth at that time (with Donald Trump at No. 102). But then again, what can you expect from a wrestling publication? (Only kidding!)
Vince McMahon’s net worth
His net worth is $350 million
Last Updated on December 27, 2021
Andrew Smith is a professional News researcher and writer. He has been writing latest tending news articles for various news agencies.