Vince McMahon

Vince McMahon Net Worth

Vince McMahon net worth and salary: Vince McMahon is an American professional wrestling promoter, commentator, film producer and occasional wrestler who has a net worth of $2.2 billion. Vince McMahon was born on August 24, 1945 in Riverhurst, North Carolina. Vince is most famous for being the Chairman, CEO and majority shareholder of World Wrestling Entertainment (WWE), a company that once belonged to his father. McMahon began working for his father in 1971 when he was given the responsibility to promote a small wrestling show. He did well and, over time, received a much more prominent role in the organization. When his father died in 1984, McMahon and his wife took control of the still modestly-sized company. Vince McMahon soon developed the "Rock & Wrestling Connection", a concept that brought pop stars into the storylines and gave professional wrestling a national and much broader, audience. Wrestlemania and other clever promotions soon followed. Today World Wrestling Entertainment, formerly known as the World Wrestling Federation (WWF) is a multi-billion dollar enterprise. Vince McMahon owns roughly 57% (39.9 million shares) of WWE's Class A common stock. As of December 2017, WWE was trading at a price per share of $32 which means Vince's stake was worth about $1.4 billion. As of October 2018, WWE stock had tripled to $90, giving Vince a net worth of $3.6 billion. Vince and his family live in Greenwich, Connecticut which is a roughly 30 minute drive from WWE's corporate headquarters in Stamford, CT. His Greenwich mansion is reportedly worth $40 million. McMahon has occasionally competed in the ring and has held the WWF Championship and ECW World Championship. He was awarded a star on the Hollywood Walk of Fame. McMahon's children Shane McMahon and Stephanie McMahon have also been very involved in the company both on and off camera. His wife Linda McMahon was also active in the WWE and was appointed the Administrator of the Small Business Administration by President Donald Trump in 2017. Vince has also owned a $12 million penthouse in Manhattan and a sports yacht.