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A Bit About Vince McMahon: American professional wrestling promoter, CEO, and media mogul Vincent Kennedy McMahon is retired. Until 2022, he presided as chairman and CEO of WWE, the most prominent professional wrestling organization. He founded and owned Alpha Entertainment as well.
Vince McMahon Quick Facts
Vince McMahon Net Worth
According to forbes, With a net worth of $2.5 billion, Vince McMahon is an American promoter of professional wrestling who works as a commentator, film producer, and occasional wrestler.
As the CEO of World Wrestling Entertainment, or WWE, Vince amassed wealth and notoriety. McMahon announced that he would leave WWE on July 22, 2022, amid a sexual harassment scandal that is still ongoing.
How Many WWE Shares Does Vince Mcmahon Possess?
Vince currently owns 28.7 million shares of WWE stock as of this writing. He holds class B shares, which account for about 37% of the company's outstanding shares and 80% of the voting power at WWE.
With WWE stock trading at $44 as of February 2020, Vince's ownership interest was worth $1.2 billion before taxes. When the stock price reached an all-time high of $96 in April 2019, his shares were worth $2.76 billion. The value of WWE stock dropped by about 50% during the following six months.
He sold the stock to raise money for his recently revealed ambitions to revive the XFL football league. In December 2017, Vince sold 3.34 million shares for a profit of almost $100 million. Vince sold 3.2 million shares in April 2019 when the stock was at its record high, making a $272 million profit.
He was fortunate in that his timing was ideal. Those identical shares wouldn't have been valued nearly as much a few months later. He transferred the profits from both sales to Alpha Entertainment, his wholly-owned business. According to reports, he intends to contribute about $500 million of his funds to the revived XFL.
Vince McMahon Early Life
On August 24, 1945, Vince McMahon was born in Pinehurst, North Carolina. When Vince was a young child, his father, Vincent James McMahon, abandoned the family; he did not meet his father until he was 12.
Victoria, Vince's mother, and a succession of stepfathers helped raise him. McMahon graduated from Fishburne Military School in 1964 despite having dyslexia and other academic difficulties.
He attended East Carolina University, where in 1968, he earned a business degree.
Vince McMahon's Personal Life
In North Carolina, Vince and Linda McMahon wed on August 26, 1966. As young teenagers, they connected at church. Six grandchildren and their two children, Shane and Stephanie, who have contributed to the family company, round up their family.
A once-in-a-lifetime athlete and an extraordinary friend. Here’s to the incomparable Andre the Giant on what would have been his 76th birthday. pic.twitter.com/CXU61xkaYE
— Vince McMahon (@VinceMcMahon) May 19, 2022
Vince and his family are located in Greenwich, Connecticut, about a 30-minute drive from the Stamford, Connecticut, location of WWE's corporate headquarters. According to estimates, his Greenwich mansion is worth $40 million. Vince has also had a sports yacht called “Sexy Bitch” and a $12 million Manhattan condominium.
At one time, McMahon pretended to be dead. On June 11, 2007, WWE broadcast a vignette in which Vince was seen getting into a limousine just before it detonated. When the show began after going “off the air,” WWE said McMahon was likely already dead.
On June 25, 2007, McMahon admitted that he was not dead and that the death was a plot point for a fictional character he had created. He stated that he pretended to die to find out what people's valid opinions of him were.
McMahon has contributed to several Republican Party causes, including America Rising, a research and tracking organization. He gave the Donald J. Trump Foundation $5 million. Additionally, the McMahons donated $8 million to East Carolina University, Sacred Heart University, and Fishburne Military School.
Rita Chatterton, a former WWF referee, was involved in an event in 1986 that led to McMahon being accused of sexual assault in 1992. He was charged with sexual harassment in 2006 in Boca Raton, Florida, by a bartender. In neither case were any official charges brought.
Frequently Asked Questions
Who is WWE's Legitimate Owner?
World Wrestling Entertainment (WWE), an entertainment organization that generates close to $1 billion in revenue annually, is led by Vince McMahon as chairman and CEO. McMahon, a third-generation wrestling promoter, grew up in a North Carolina trailer park and joined his father's modest wrestling organization in 1972.
Was Vince Mcmahon Truly a Retired Man?
World Wrestling Entertainment's chairman and CEO, Vince McMahon, announced Friday that he is stepping down from those positions.