Vince McMahon is one of the most famous people in World Wrestling Entertainment. He is the chairman and CEO of the WWE right now. He has been in the business since the 1970s when his father ran the company. This article looks at how much money Vince McMahon will have in 2022. At the time this was written, he was in trouble because of some serious allegations.
Vincent Kennedy McMahon was born in North Carolina on August 24th, 1945. Because his mother was single and didn’t have a lot of money, he had a very hard time growing up. He didn’t even have a house to live in, so he used to stay in a trailer park outside of the city.
His stepfather beat him and his mother a lot. When he found out that Vince McMahon Sr. was the owner of WWF, he went to him and demanded his share. His father agreed to take him in, but on one condition: he will have to go to military school. Maybe not many of you know that Vince McMahon and former US President Donald Trump went to the same military school, where they met and became friends.
Vince’s Career in WWE
Vince is best known for being the Chairman, CEO, and majority owner of his father’s company, World Wrestling Entertainment (WWE). In 1971, McMahon started working for his father when he was asked to promote a small wrestling show. Vince was the ring announcer for All-Star Wrestling, and he became the most popular person to talk about what was happening on the mat. He did well and helped his father’s company triple TV syndication.
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As time went on, he was given a much bigger role in the company. When his father died in 1984, McMahon and his wife took over the company, which was still small at the time. He asked Hulk Hogan to help with the company and be its face. Soon after, Vince McMahon came up with the “Rock & Wrestling Connection,” an idea that put pop stars in the stories and made professional wrestling more popular across the country.
Soon after that came WrestleMania and other clever promotions. McMahon made wrestling a well-known sport by making the WWF it’s kind of sports entertainment. World Wrestling Entertainment, which used to be called the World Wrestling Federation (WWF), is now a business worth billions of dollars.
McMahon has sometimes wrestled in the ring, and he has been the WWF Champion and the ECW World Champion. On the Hollywood Walk of Fame, he now has a star. Shane McMahon and Stephanie McMahon, McMahon’s children, have also been very involved in the business, both on and off camera. His wife, Linda McMahon, also worked for the WWE, and in 2017, Former President Donald Trump made her head of the Small Business Administration.
Vince McMahon’s Net Worth
Vince McMahon‘s net worth is said to be $2.3 billion as of 2022. When you think about how Vince has spent $500 million to bring back the XFL, the numbers are even more impressive. Vince McMahon’s wealth has gone up because WWE recently signed two huge contracts, one with FOX Sports and the other with the Saudi Arabia sports authority. Vince McMahon is #691 on the Forbes list of billionaires for 2019 and was on the Forbes 400 list of the wealthiest Americans in 2018.
Vince and Linda McMahon got married in North Carolina on August 26, 1966. When they were young teens, they met at church. They have six grandchildren and two children, Shane and Stephanie, who both work in the family business.
Vince and his family live in Greenwich, Connecticut, which is about 30 minutes by car from Stamford, Connecticut, where WWE’s corporate headquarters are located. His mansion in Greenwich is said to be worth $40 million. Vince has also owned a Manhattan penthouse worth $12 million and a sports yacht called “Sexy Bitch.”
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Vince McMahon owns about 37.6 percent of WWE’s total shares. He owns roughly 28.7 million shares of the company’s total stock. Multiple sources say that he has about 83 percent of the voting power when it comes to WWE’s internal matters.