| Net Worth | $3,200,000,000 |
|---|---|
| Name | Vincent Kennedy McMahon |
| Date of Birth/Age | August 24, 1945 (age 74) |
| State/City of origin | Pinehurst, North Carolina, U.S. |
| Height | 6'1 |
| Occupation(s) | WWE owner, entrepreneur, executive |
Net Worth
Vince McMahon’s net worth is $3.2 billion. He is a self-made man who came from very humble beginnings. Even though it is not often mentioned in interviews, McMahon lived in a trailer park for some of his youth.
However, when he finished school, he started working for his father as a wrestling promoter as well as an announcer.
During this time, his net worth was close to zero, and within a few decades, he was able to become a millionaire, and later, a billionaire.
Посмотреть эту публикацию в Instagram
His dedication to wrestling and passion for consumer marketing led him to make innovative, creative decisions that would positively affect the company.
While most of his net worth comes from World Wrestling Entertainment (WWE), he is also the founder of Alpha Entertainment, the holding company for the American Football League, XFL.
He was named as one of the wealthiest Americans by Forbes and ranked 239 in 2008. In 2018, McMahon made $5.6 million from the WWE as a salary, not including bonuses and stock options.
His net worth has drastically increased as a result of his large ownership share of the WWE. McMahon owns 32 million shares of WWE, which are valued at $83.
Посмотреть эту публикацию в Instagram
Every time that the price of WWE stock rises one dollar, McMahon earns $32 million.
While it has not been disclosed the amount that McMahon has made from XFL, McMahon has invested a good deal of his own finances into the venture in hopes to relaunching in 2020.
His dedication to XFL speaks for itself as he cashed on $100 million worth of WWE stock so he could fund the new, revamped XFL.
The money would fund salaries for coaches and players in addition to insurance policies, etc. McMahon is deeply committed to seeing through the XFL at this time.
Records show that McMahon and his wife, Linda, make over $100 million per year as a couple. Linda is also a prominent shareholder of WWE stock.
The couple has diversified their investments among a wide range of different assets across the board.
Посмотреть эту публикацию в Instagram
Together, they profit and accumulate money, making them one of the wealthiest families in the United States, specifically on the east coast.
This rags to riches story inspires many to work hard to achieve their goals. Even though McMahon is in his seventies, he continues to be in good health and able to make the best decisions for his business.
His net worth continues to soar every day. Today, with a net worth of $3.2 billion, he has accumulated an average of $80 per minute for his whole life, which is approximately $4,800 per hour.
Since McMahon did not earn this money during his childhood years, this calculation is just an example to demonstrate the amount of wealth that McMahon currently possesses.
Посмотреть эту публикацию в Instagram
Additionally, as McMahon continues to further develop his skills with age and experience, the world can expect to see more from him. The immense success of the WWE may be a predictor of the future of XFL.
If McMahon has proven anything with his success is that he does not give up and always finds a way to make things happen.
The lessons of his career choices have greatly impacted his family, including his daughter, Stephanie McMahon, is also a Chief Brand Officer at WWE along with her husband, Paul Michael Levesque (Triple H) former wrestler and current executive at WWE.
Посмотреть эту публикацию в Instagram
Introduction
Since taking over his father’s company in 1982, McMahon has worked in the corporate area of then WWF (now WWE), enhancing every aspect of the business from its internal structure, marketing strategies, talent acquisition, storyline and more.
His behind-the-scenes work has allowed him to build the company to what it is today in addition to his own wealth.
Early Life
Vince McMahon was born on August 24, 1945 in Pinehurst, North Carolina to Victoria and Vincent James McMahon. His father left the family when McMahon was only a baby.
Посмотреть эту публикацию в Instagram
He, however, did not leave empty-handed. He took McMahon’s elder brother, Rod, with him. McMahon did not meet Rod until he was 12 years old.
McMahon came from very humble beginnings as well as long lineage of promoters. Roderick James McMahon, his paternal grandfather, was also a promoter who was known as “Jess McMahon.”
His great grandparents were Irish emigrants from County Galway. After his father’s disappearance, Vince was raised as “Vinnie Lupton” and spent the majority of his children living with his mother and many different stepfathers who acted as poor father figures.
Vince later claimed that one of his stepfathers, Leo Lupton, was very violent towards his mother. When McMahon would try to intercede in order to protect his mother, Leo would commence to attack McMahon allegedly.
Посмотреть эту публикацию в Instagram
McMahon had gone on record with saying that his stepfather died before he got the chance to kill him. He also attributes becoming a strong person to the years of hardship and struggles.
Without that level of adversity, he might not have been able to use his initial strength to help him persevere no matter the circumstance. He used his anger and rage to propel him forward in life.
McMahon also learned discipline from attending the Fishburne Military School in Waynesboro, Virginia, from which he graduated in 1964. Another struggle which McMahon had to overcome in his early years was dyslexia.
Посмотреть эту публикацию в Instagram
Personal life
Vince McMahon has been married to Linda McMahon since 1966. They have two children, Stephanie and Shane McMahon, and have six grandchildren, Vaughn Evelyn Levesque, Murphy Claire Levesque, Aurora Rose Levesque, Declan James McMahon, Kenyon Jesse McMahon and Rogan McMahon.
Both their children, Stephanie and Shane, have important roles at WWE, further building the McMahon legacy at WWE.
Both children are part-owners as well. His wife, Linda, was often referred to as the “co-chief executive” when the McMahons founded Titan Sports in 1980.
Посмотреть эту публикацию в Instagram
After Linda became president in 1993 and CEO in 1997, the company’s growth truly transformed, making a special time in the wrestling industry. Vince and Linda were considered marketing and business geniuses.
He and his wife worked side by side on the executive end of the business. Linda was heavily immersed in product merchandising as she negotiated the company’s deals with outside vendors.
In 1984, she established the first line of action figures, Wrestling Superstars. Working as a couple, they were able to help expand the company’s brand, reaching a younger demographic.
With children being a new target audience, they were able to create more products suited for these fans. His wife also was instrumental in negotiating the company’s TV deal with Viacom in 2000.
Посмотреть эту публикацию в Instagram
While he and Linda have very different backgrounds, they have managed to combine their strengths in both their personal and professional lives to achieve optimal success.
Linda often says that she was a jock and enjoyed playing baseball and basketball. As an only child, she often assumed the role of a tomboy, sharing special moments with her father.
Linda believes that understanding the male psyche helped her build a solid relationship with Vince. Additionally, it allows her to thrive in a male-dominated environment without sacrificing her personal life.
The WWE wouldn’t be where it is today without the influence of both Vince and Linda as executives.
Посмотреть эту публикацию в Instagram
Interesting Facts
- McMahon’s primary residence is in Greenwich, Connecticut, which sits on 10 acres of prime Greenwich land. It has three stories, a pool, several guest bedrooms, nine bathrooms and many more features and accommodations. Luckily, his house is close enough to his daughter’s house so they can spend more family time together.
- When he realized that another company was using the WWF label before he was, he worried that it might become a problem one day. In 1994, the problem appeared. McMahon was forbidden to use the WWF acronym in relation to wrestling unless it was a spoken word during a live broadcast. World Wildlife Fund for Nature agreed to drop any other pending litigation against Titan Sports, Inc. and McMahon. However, this agreement was short-lived as in 2000, the World Wildlife Fund claimed the terms were broken, leading them to pursue legal action. McMahon lost his rights to WWF. Then, on an episode of Monday Night Raw in 2001, he announced the official name changed to WWE.
- WWE employs over 800 people, and McMahon is known for his hands-on management approach in the company.
- McMahon once had his head shaved on live TV by the Donald Trump before he became POTUS.
Посмотреть эту публикацию в Instagram
Career
Since taking over his father’s company in 1982, McMahon has worked on the corporate side of the WWE. As a majority owner, chairman and CEO of WWE, McMahon has dedicated his entire career to the advancement of the WWE.
In the early days, he worked as a promoter for the company before it was WWF. He was the broadcast commentator. Later, he became the chief broadcaster until 1997.
He has also worked as an announcer as well as a professional wrestler for the company, injecting his character in the storyline when needed.
Посмотреть эту публикацию в Instagram
In his role as a wrestler, he has been a two-time world champion (WWF Championship in 1999 and the ECW World Championship in 2007). Additionally, he was the 1999 Royal Rumble winner.
McMahon has headlined multiple pay-per-view events in 1999 and 2000; he also was in the main event of Wrestlemania 2000 as he served as a cornerman for The Rock.
His character has beat Ric Flair, Shawn Michaels, The Undertaker and Triple H. Today, he continues to use his Mr. McMahon character for backstage as well as on-screen roles as do his daughter and son-in-law.
Even though Vince did not spend his formative years with his father, he met him when he was twelve, and they instantly bonded. Once he reconnected with his father, perhaps he wanted to catch up for lost time.
Посмотреть эту публикацию в Instagram
He immediately became interested in following in his father’s footsteps as a pro wrestler. He would often go with his father to Madison Square Garden. However, his father explained that, at the time, promoters did not appear on the show.
Their job was always off-camera. In 1968, he graduated from East Carolina University with a degree in business. After he took jobs a traveling salesman, he was ready for a managerial role in his father’s company.
One year later, he made his debut as an in-ring announcer at the then the WWWF All-Star Wrestling. It was McMahon who pushed his father to rename the company from WWWF to WWF.
He was also the brains behind having Muhammad Ali versus Antonio Inoki in 1976. He was later promoted and then became a play-by-play commentator for TV matches after replacing Ray Morgan in 1971. In 1979, he and his wife founded their own company, Tital Sports and later, in 1982, acquired control of the Capital Wrestling Co. from his ill father who passed away in 1984.
Посмотреть эту публикацию в Instagram
Highlights
- Vince McMahon is the chairman and CEO of the largest wrestling entertainment company in the world, World Wrestling Entertainment (WWE) which brings in almost $1 billion in annual revenue.
- He didn’t have his father’s name until he was older. Once he reunited with his father, he not only took his name, he found a new life purpose.
- McMahon convinced his father to drop the extra “W” in WWWF to WWF.
- He bought his father’s business after 10 years of working with him and then transformed the business into the WWF (a regional company into a global operation).
- The WWE programs appear in over 150 countries in 30+ languages.
- McMahon has founded a foundation to gift funds to the Boys and Girls Club of Stamford, CT. and Breast Cancer Alliance.
Favorite Quotes from Vincent McMahon
“You’re fired!” – this quote was often used as a part of the Mr. McMahon character”
“We love our fans. We go directly to them. There is nothing we wouldn’t do for them. We try to make this the best experience for them.”
“I don’t know really drives, but I am driven in so many ways.”
“Because our company has developed and grown so much over the years in so many ways, people can watch how our delegation process works. People can see the responsibility and authority on the shoulders on people who are very visible to everyone. It is easy to see how they grow and how they treat others, which is how it should be. Accountability is important.”
Посмотреть эту публикацию в Instagram
Tips for success from Vincent McMahon
1.“I’m a real common sense guy. I’m a practical person who caught a lot of good breaks and who has been extremely fortunate.”
2.“Sometimes the odds are stacked against you, but it’s important to work hard and move towards a goal. You can achieve more than you think.”
Read on and we will tell you about such a WWE member as Alexa Bliss.
