What is Vince McMahon net worth?
Vince McMahon is a wrestling promoter from America, the present chairman and CEO of renowned wrestling promotions, WWE. McMahon is a famous figure in the wrestling world. He is credited with establishing the WWE as the top wrestling promotion company in the world. Under his leadership, the WWE got involved and emerged victorious in various struggles with other wrestling promotions.
McMahon’s commitment to making the WWE a success saw the rise of top stars in the wrestling promotions company, who have become household names, such as John Cena, and Dwayne ‘The Rock’ Johnson. While he focuses and has succeeded in handling the WWE’s admin affairs, McMahon does not shy away from the action in the WWE ring. From the time McMahon took over the WWE, he has been involved in feuds, and the manner he handles affairs have been trash-talked by wrestlers seeking to get a face-off with the brains behind the success of the WWE.
With an emphasis on Vince McMahon’s worth, we review his early life, career, charity, luxury life, and lessons from his wealth and success.
Vincent Kennedy McMahon was the second child born to Vincent J. McMahon and Vicky Askew. McMahon, born in August 1945, did not meet his biological father until he turned 12, as his father left his mother when he was an infant. His father moved with his Rod brother, Roderick McMahon II. His father, Vincent J. McMahon, was a wrestling promoter and founded the Capitol Wrestling Corporation, which later became the WWE.
Vince McMahon has Irish roots with deep wrestling connections. His grandfather, Jess McMahon, immigrated to the US and also worked as a wrestling promoter. There are discrepancies concerning the Capitol Wrestling Corporation’s founding, as the founder of the wrestling promotions is yet to be established between Jess and Vincent J. McMahon.
Vince McMahon lived with his mother and had multiple stepfathers. One of his stepfathers, Leo Lupton, physically abused his mother and attacked McMahon, who tried to protect his mother.
Vince McMahon had his high school education at Fishburne Military School before receiving a Bachelor of Arts from East Carolina University (ECU).
Career Summary & Accomplishments
In 1971, Vince McMahon began his WWE career as a commentator after his father denied his request to become a wrestler. Between 1971 to 1997, McMahon was famous for his babyface “voice of the fans” commentaries. In 1996, McMahon’s long history of feuds and interfering in WWE matches began. He left his long time job as a WWF commentator in 1997 after interfering in a game, which made Shawn Michaels claim the WWF Championship. He subsequently became an antagonist in the WWE.
Years of interfering in the WWE’s wrestling activities soon saw McMahon claim the WWF Championship in 1999. But that quickly followed with his departure from WWF screens following his daughter, Stephanie McMahon’s affair with Triple H. His departure was short-lived as he soon returned in 2000, and then helped Triple H win the WWF Championship.
In 2001, McMahon successfully ended the power struggle between the WWE and World Championship Wrestling (WCW) after he bought the WCW. Between 2001 and 2005, he was involved in various kayfabe bouts against wrestlers such as Rick Flair for ownership of the WWE. Between 2005 and 2007, McMahon was engaged in several feuds with stars such as D-Generation X and Donald Trump. His bout with Donald Trump tagged “Battle of the Billionaires” saw McMahon’s head shaved by Trump and Bobby Lashley after McMahon’s representative lost the match.
In June 2008, McMahon survived a stage explosion accident, and by January 2009, he was back in action to continue his long history of feuds with WWE stars, but this time with Bret Hart and The Legacy. 2011 marked the end of McMahon’s regular appearance on WWE screens. He did appear but only on special occasions such as in April 2020, Friday Night SmackDown, where McMahon celebrated 25 years in the WWE.
Vince McMahon Net Worth in 2020
Vince McMahon’s Net worth is valued at $1.8 billion in 2020, making him the world’s wealthiest wrestling executive. His $1.8 billion fortune is unsurprising as McMahon led WWE to the mainstream success it currently enjoys. He recruited wrestling stars who attracted attention to the WWE, such as Hulk Hogan. His ownership of the WWE was not passed down to him, but innovative McMahon acquired the company from his father after founding Titan Sports.
McMahon’s handling of WWE affairs has not been without struggles. He successfully competed with rival wrestling promotions, some of which have become bankrupt or have given in to McMahon, who has gone on to buy these promotions and recruited its stars to the WWE. His affluence is most likely to continue as the WWE success would increase shares price in the stock market, where WWE was first listed in 1999.
Aside from the WWE, McMahon’s other business ventures include WWE Network, a streaming service available on the internet. In the past, he has had unsuccessful business ventures such as Atlantic Coast Hockey League franchise, the Cape Cod Buccaneers, which folded up and American football league, XFL.
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Vince McMahon Salary in 2020
As of 2020, Vince McMahon’s base salary is revealed to be $1.4 million, excluding bonuses and stock options. However, along with his wife Linda, Vince McMahon rakes in as much as $100 million per year.
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Vince McMahon Charity & Philanthropy
Through his Vince and Linda McMahon Family Foundation, which he founded in 2006, Vince McMahon and his wife have donated more than $10 million for various charity ventures. His foundation donated $2.5 million to build a tennis center in Vince McMahon’s mother’s hometown.
Between 2007 and 2010, Vince and Linda McMahon Family Foundation donated $1 million annually to 4 different Universities, including Sacred Heart University. The foundation has also made donations to Roses for Autism, Generation Rescue, and his Alma mater, East Carolina University.
Vince McMahon’s Luxury Life
Vince McMahon’s billionaire status is evident in the value of his stakes in the WWE and his affluent lifestyle.
House & Real Estate
McMahon lives in a $40 million mansion in Greenwich, Connecticut. He bought the villa, which has nine bathrooms, a well-equipped gym, guest rooms, and swimming pools for $25 million. In 2006, when the property which spans 10 acres was valued, it was worth $40 million.
McMahon owns the Bombardier Global 5000 Jet, which was purchased in 2013. Rather than buy the private jet outrightly, McMahon opted for payment in installment. He pays $400,000 every three months for the plane, which carries WWE headliners to the various cities when the WWE matches are held.
Cars Collection & Yacht
McMahon has a lot of luxury cars, which includes a Bentley Continental GT. He also owns a yacht.
Lessons from Vince McMahon’s Wealth & Success
Now that you know how much the CEO of WWE is worth, here are two incredible lessons from McMahon’s success.
1. Believe in your ideas
When he was to get involved in WWE action in 1971, his father prevented him, saying that promoters do not appear on wrestling shows. When he took ownership of the WWE, he got involved in the action and was involved in several feuds that attracted attention to the WWE, thus making him a success.
2. Never give up
Before the success of the WWE, McMahon filed for bankruptcy following an unsuccessful business investment. They soon rebounded from the debts they owed and went on to buy the WWE, which became a huge success. The lessons he learned from bankruptcy helped him build a reputable wrestling promotion.
Vince McMahon’s net worth is estimated to be $1.8 billion as of 2020. That ranks him as the most affluent wrestling executive in the world. The WWE Chairman and CEO makes as much as $100 per year.
|Net Worth:||$1.8 Billion|
|Base Salary:||$1.4 Million|
|Date of Birth:||August 24, 1945|
|Age:||77 years old|
|Source of Wealth:||Wrestler, Professional Wrestling Promoter, Sports commentator, Film Producer, Promoter, Actor, Screenwriter, Film director, Television Producer, and Announcer|
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