American media mogul, sports executive, entrepreneur, and former professional wrestling promoter Vincent Kennedy McMahon. He is Alpha Entertainment’s proprietor. McMahon is one of the co-founders of the current WWE, the biggest professional wrestling promotion in the world, along with his wife Linda. McMahon has occasionally dabbled in sports promotion outside of professional wrestling; his most noteworthy endeavors involve the World Bodybuilding Federation and XFL.
What is the Salary and Net Worth of Vince McMahon?
With Vince McMahon’s net worth reported to have dropped from a peak of $3.2 billion in 2019 to $2.8 billion as of early 2024, many are left wondering why he was unable to continue paying Grant his $1 million NDA on a regular basis.
Prior to the company’s $9.3 billion sale to Endeavor in April 2023, he was its largest individual stakeholder. In the next lines, we go into specifics on the amount and value of his equity stake. Following a continuing issue involving sexual harassment, Vince McMahon declared his retirement from the WWE on July 22, 2022. Vince rejoined WWE as Executive Chairman in January 2023.
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Following their merger in September 2023, the UFC and WWE went public as TKO. Vince owns approximately 28.84 million shares, or 16% of TKO. TKO’s market capitalization in the days following the IPO was $14.5 billion. Vince’s stock was valued at $2.32 billion at that point, which is included in the figure for his net worth that is displayed above.
What Was Vince McMahon’s WWE Shareholding?
Vince had 28.7 million shares of WWE stock at the time he sold the company. Class B shares, which he possessed, conferred 80% voting power on WWE and represented approximately 38% of the organization’s outstanding shares.
When the share price peaked at $96 in April 2019, his holdings were valued at $2.76 billion. Six months later, WWE stock lost approximately fifty percent of its value. At $44 per share in WWE stock in February 2020, Vince’s stake was valued pre-tax at $1.2 billion.
In December 2017, Vince sold 3.34 million shares for an approximate $100 million profit. In order to finance his newly declared intentions of resuming the XFL football league, he divested the shares. During the aforementioned peak in April 2019, Vince executed a sale of 3.2 million shares, resulting in a profit of $272 million.
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It transpired that his timing was impeccable, by chance. A few months later, those exact shares would have been worth half as much. The profits from both transactions were invested in his wholly-owned subsidiary, Alpha Entertainment. Reportedly, he intends to personally finance an investment of around $500 million in the revitalized XFL.
What is the WWE Salary of Vince McMahon?
In July 2022, McMahon resigned from his position as CEO and chairman of WWE due to a plethora of misbehavior charges from multiple women who had worked for the company. However, by March 2023, he had returned to his full-time position with the company.
He reportedly received a base income of $1.2 million per year under his new deal, which he signed in March 2023, along with possible incentives and stock awards that could more than double that amount. If Grant’s lawsuit is successful and he is required to pay damages, the Chairman will undoubtedly benefit from this substantial remuneration package.
Personal Life and Real Estate Owned by Vince McMahon
Vince and Linda McMahon were wed in North Carolina on August 26, 1966. They first encountered each other in church when they were adolescents. Shane and Stephanie, their two children, have both contributed to the family enterprise.
In addition, the couple has six grandchildren. Vince and his family reside in Greenwich, Connecticut, which is in close proximity to WWE’s corporate headquarters in Stamford, CT, approximately 30 minutes by car. Reportedly, his mansion in Greenwich is valued at $40 million. In addition to a $12 million condominium in Manhattan, Vince has also owned the “Sexy Bitch,” a sports yacht. Vince listed his condominium in Stamford for $4.1 million in 2022.
At one juncture, McMahon staged his own demise. On June 11, 2007, WWE broadcast a segment in which Vince was seen entering a limousine mere minutes prior to its detonation. WWE returned after the program went “off air” to declare that McMahon was presumed deceased. McMahon declared on June 25, 2007 that while he was not deceased, the demise was a fabrication of a character’s narrative. He asserted that he staged his own demise to discover the true opinion of others.
McMahon has contributed to numerous Republican Party causes, including America Rising, a research and monitoring organization. $5 million was contributed by him to the Donald J. Trump Foundation. Additionally, the Fishburne Military School, Sacred Heart University, and East Carolina University received $8 million in grants from the McMahons.
In 1992, McMahon faced allegations of sexual assault in relation to an event that occurred in 1986 and involved former WWF referee Rita Chatterton. Sexual harassment was alleged against him by a tavern employee in Boca Raton, Florida, in 2006. In neither case were formal charges formally lodged.