Vince McMahon was once a professional wrestler, at one time a commentator, an actor and a professional wrestling promoter having an estimated net worth of billion dollars. Today he is the chief executive officer and chairman of World Wrestling Entertainment (WWE) a company which owns since he has 80% of its stake.
Vince after taking over from his father he has revolutionized WWE to what it is today since we can only describe it as an international phenomenon or a global media powerhouse. Recently the wrestling kingpin has been linked with a bid for Newcastle United which we are yet to see who wins between him and Turkish biscuit billionaire Murat Ulker. Now let’s have a close look on Vince McMahon’s net worth in 2018.
Vince McMahon Early Life
Born Vincent Kennedy McMahon, he is the son of Vincent James McMahon, a man who once run CWC/WWF/WWE from 1954 to 1982 and Victoria Lupton. He was born in the state of Carolina in 1945. The biological father left his son when he was a baby, and the mother decided to get remarried to multiple husbands.
Vince McMahon went Fishburne Military School in the state of Virginia where he was brought up and graduated in 1964 and also joined East Carolina University where he graduated with a business degree in 1968.
Today Vince is still married to Linda McMahon whom he met in while he was 16 years back in church and wedded in 1966. Together the couple has two children Stephanie and Shane who are WWE commissioners of Monday Night Raw and SmackDown Live respectively. He also has six grandchildren.
Vince McMahon Career
Vince journey to a net worth fortune of $1.2 billion kicked off when he met his father for the first time at the age of 12 and soon got interested in being a wrestler. After working as a salesman, he debuted in WWWF as an in-ring announcer than a commentator. In the 1970s Vince became very influential in the company, and that led to it being named World Wrestling Federation. At the age of 37, he took hold of Capitol Wrestling Co his father’s company after he died in 1984.
In the 1980s Vince started his journey of revolutionizing WWF/WWE by promoting it to a wider geographic region, recruiting new talent such as Hulk Hogan and Andre the Giant from other companies and promoting the wrestling events on PPV television.
His career at WWE started as a commentator and lasted from 1971 to 1997. A year later he began having feuds with various WWE superstars such as Stone-Cold Steve Austin, Undertaker, among others.
Today the company which he has run for over a decade now is watched by more than 150 countries and broadcasted in more than 30 languages. He still makes it to the ring to make an important decision that he assumes are good for business.
Awards & Achievements
Vince had a very successful career as the owner of WWE he has been awarded several awards. Some of awards and honors he has received is a star on the Hollywood Walk of Fame, Induction in the Boys and Girls Club of America Hall of Fame class of 2015 and Sacred Heart University Honorary Doctor of Humane Letters. He has also been awarded several awards by Wrestling Observer Newsletter awards such as Wrestling Observer Newsletter Hall of Fame, Best Promoter 1988, 98 and 2000. Over his wrestling career as a wrestler, he won the Royal Rumble in 1999, WWF championship and even ECW World Championship.
Net Worth of Vince McMahon
Vince McMahon net worth is currently estimated to stand at $1.4 billion. This is a huge improvement considering his net worth recently was estimated to be $750 million. The huge net worth boosting factor that aided his jumping back to a billionaire status was the WWE stock value appreciated. the success of the stock appreciating can be attributed to the success WWE subscription streaming service has received over the last 12 months. The net worth has over 1 million paid subscribers, and it’s the second most followed channel on YouTube. Another net worth contributing factor is the merchandise they sell, the live events and also his other investments bring a decent return.
McMahon whose entrance theme is “No Chance in Hell,” and who used to nail people with a pedigree and stunner has made a long, fruitful career in wrestling. He had made difficult decisions that have yielded positive results no wonder his net worth figures are a billion figure. We anticipate if he wins the bid to control Newcastle he might bring in the fireworks from WWE to Premier League too and do what’s best for business.