Vince Mcmahon Net Worth: Vince Mcmahon is the Real Owner of WWE?

By Phoebe Uren On Oct 18, 2022

Vince McMahon announced his retirement on July 22, 2022. Even though he is ready to leave WWE, he has helped it grow over the years, which has increased his net worth.

Vince, who is 77 years old, has been Chairman and CEO of WWE for a long time. A month after he quit his job, the news came out that he was retiring.

People were quick to react to his decision, but it was AEW CEO Tony Khan’s joke about his retirement that really stood out.

Vince Mcmahon’s Net Worth

Vince McMahon is an American who has a net worth of $1.8 billion as per celebritynetworth.com/. He is a promoter for professional wrestling, a commentator, a film producer, and sometimes a wrestler.

Vince made a lot of money and became well-known as the CEO of World Wrestling Entertainment, or WWE. Vince McMahon said he would leave WWE on July 22, 2022, because of a scandal involving sexual harassment that has been going on for a long time.

Early Years of Vince McMahon

Vince McMahon was born in Pinehurst, North Carolina, on August 24, 1945. Vincent James McMahon, his father, left the family when Vince was a baby.

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He did not see his father again until he was 12. Victoria, Vince’s mother, raised him with a series of stepfathers. McMahon graduated from Fishburne Military School in 1964, even though he had trouble learning and had trouble reading. He went to school at East Carolina University and got a degree in business in 1968.

Personal Life and Real Estate

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 away from WWE’s headquarters in Stamford, Connecticut.

His $40 million mansion in Greenwich is where he lives with his family. Vince has also owned a Manhattan penthouse worth $12 million and a sports yacht called “Sexy Bitch.”

At one point, McMahon made up his own death. On June 11, 2007, WWE showed a segment in which Vince got into a limousine just minutes before it blew up.

The show went “off air,” and when WWE came back, they said that they thought McMahon was dead. McMahon said on June 25, 2007, that he was not dead, but that the death was part of the story of the character he made up. He said he faked his own death to find out how people really felt about him.

McMahon has given money to many Republican Party causes, including the group America Rising, which does research and keeps track of the GOP.

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He gave $5 million to the foundation named after Donald J. Trump. The McMahons also gave grants totaling $8 million to the Fishburne Military School, Sacred Heart University, and East Carolina University.

In 1992, a former WWF referee named Rita Chatterton said that McMahon had sexually assaulted her in 1986. In 2006, a bartender in Boca Raton, Florida, said he was sexually harassing her. In both cases, there were no official charges.

Who is the Real Owner of the WWE?

Vincent Kennedy McMahon is the chairman and CEO of the entertainment company World Wrestling Entertainment (WWE). WWE made nearly $1 billion a year. He has the most ownership in WWE. He owns 48% of the company. Mr. McMahon also has 70.5% of the voting power.

What Did He Say About His Plan to Retire?

Vince made a statement about his retirement, and the WWE website also posted the same thing. Vince said that after working for the company for several years, he knew it was time for him to leave. He kept thanking his family, employees, and “superstars” from the past and present for their support of the brand over the years.

He also told everyone that WWE would keep running the same way, and he said that he was putting his faith in Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan.

Vince also made it clear that he was still the company’s biggest shareholder and would keep helping it in any way he could.