What is Vince McMahon’s net worth? (Updated 2023)
Vince McMahon is an American Businessman, Sports Executive, Media Proprietor and Professional Wrestling Promoter. He made his debut as a ring announcer in his father’s WWWF’s All-Star Wrestling promotion. He began assisting his father to run the WWWF and became an influential person of the company. He played a major role in changing the name of the wrestling promotion to WWF. In 1980 McMahon officially founded Titan Sports with his wife Linda McMahon with Massachusetts as its headquarters.
In 1982, Titan acquired CWC Promotion from his father and ran the company in association with NWA. However in 1983, he parted WWF from NWA and started signin wrestlers from other promotions. The company expanded in a rapid phase throughout the United States. He promoted WrestleMania in the 1980’s which made a major impact in the wrestling industry and the company started to boom in the Golden Era.
McMahon made the company into a sports entertainment company, which pulled family audiences to watch WWF. He ran one of the most successful third edition WrestleMania, which pulled a total of 93,173 fans.
New Generation Era & Attitude Era
Despite the success of the Golden Era, the New Generation Era was not so smooth for Vince McMahon as he was countered by the potential rival WCW. The success of the WCW forced WWF to move to the Attitude Era, where everything became more Adult-oriented and Vince McMahon started to get involved in the feuds and storylines directly. WWF started gaining the viewership they lost and became one of the highest rated shows.
Ruthless Aggression & PG Era
In 1999, Vince McMahon purchased the rival WCW and acquired its assets and the wrestlers were signed into WWF as a part of the acquisition. In 2002 after a dispute with the World Wildlife Fund, WWF was then changed to WWE and entered the Ruthless Aggression Era with the same amount of violence and adult content. In 2018 WWE programs entered the PG era with less adult content and focused on the storytellings and more scripted contents. This Era marked more sponsors to the company and raised television ratings.
In 2019, WWE was countered by the newly formed wrestling promotion AEW. Which is now considered as the second largest wrestling promotion. In June 2022, McMahon stepped down as the Chairman and CEO of WWE following a sexual allegation and was later retired from his positions.
In 2023, Vince McMahon returned as the Executive Chairman of WWE and merged the company with UFC under the TKO groups by selling 51% of the stakes to Endeavor. Where McMahon holds 34% of the shares. There is no doubt that McMahon is one of the greatest businessmen, but how much does he worth?
Vince McMahon’s Net Worth
Vince McMahon’s net worth is expected to be around $3.1 Billion USD, which is 257 Crores in INR in 2023. Most of his income Vince McMahon generated is from the business ventures he owns such as WWE, Alpha Entertainment and other ventures. McMahon earns an average of $5.6 Million from WWE a year. He owns a luxurious house at Greenwich, Connecticut which are valued to be $40 million USD when he purchased it in 2006.
From the recent merger into TKO Groups, WWE was valued at a total of $9.3 Billion USD in which McMahon holds a share of 34%, which is $2.32 Billion USD. He sold the company for the increase in product value and growth of the company in the NYSE. His net worth is expected to grow in the future following the merger.