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Vincent McMahon is the single most powerful and influential person in professional wrestling. He is popularly known as “Mr. McMahon”. McMahon is a famous wrestling promoter. He developed a very deep relation with the wrestling industry in United States. It was only McMahon who made wrestling one of the most popular sports in America. He is running wrestling as a profitable business for a long time. McMahon is earning huge amount of money every year. According to Forbes, Vince McMahon net worth 2016 is $1.15 billion. Last year in 2015, Vince McMahon net worth was around $875 million (updated in July, 2015).
Vince McMahon has ruled WWE Inc for many years. He worked hard for years to make WWE the only professional American wrestling competition in United States. In this run, McMahon bought Extreme Championship Wrestling (ECW) and World Championship Wrestling (WCW). Certainly, he’ll not allow any obstacle in the path of his success and the only solution he makes is “buy them all”.
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Vince McMahon biography:
Full name: Vincent Kennedy McMahon
Born: 24 August, 1945
Age: 70 years
Company: World Wrestling Entertainment, Inc (WWE)
Position: Chairman of the Board, CEO, promoter, announcer.
Nicknames: Mr. McMahon, Vinny Mac, Genetic Jackhammer, The Boss.
Vince McMahon occasionally competes as a professional wrestler in his own industry, WWE. His ring-name is Mr. McMahon, which is based on his real life. McMahon also won two World wrestling championships, one in 1999 and another in 2007. He still continues his on-screen role as the Authority figure of WWE along with rest of his family members. We are about to mention, Vince McMahon net worth in 2016, his struggles, his motivation and over-all about Vincent McMahon.
Vince McMahon net worth in 2016
Vince McMahon is the chairman and CEO of WWE Inc. He is representing the third generation of McMahon family in the wrestling business in United States. His father, Vincent James McMahon Capitol Wrestling Corporation in 1969. It was the most dominating wrestling corporation in the Northeastern United States. McMahon first met his father at the age of 12. After knowing his father, he drew his attention to the wrestling. Later, he bought Capitol Wrestling Corporation from his father and soon began to expand it. He took some bold steps which fundamentally changed the pattern of wrestling in America. He became a prominent force of his father’s company. He renovated world wrestling to a new level from which World Wrestling Federation was emerged and went public in 1999. He is the main contributor in the advancement of wrestling in America.
Early life of Vince McMahon:
Vince McMahon was born in 24 August, 1945 in Pinehurst, North Carolina. He is the 3rd generation of professional wrestling dynasty. His grandfather, Jess McMahon was a professional boxer and a wrestling promoter. In addition, his father, Vince James McMahon was the founder of Capitol Wrestling Corporation. Vince McMahon was raised by his mother, after his father left him at childhood. He completed his graduation from Carolina University in 1968 and attained a degree in Business administration.
His biological father introduced into the family business of wrestling in 1971 by making him the head of Capitol’s operations in Bangor. Vince McMahon achieved a great success there. Then he moved to all New England based operations, where he again met the point of success. After gaining all these achievements alongside confidence, he decided to buy Capitol Wrestling from his father in 1982. Huge renovations were made then and wrestling ultimately became more popular in United States.
World Wrestling Federation and the McMahons
Vince McMahon is acting as CEO and Chairman of World Wrestling Entertainment, Inc. McMahon has presented the world many superstars such as the “Rock”, “Stone Cold” Steve Austin, “The Undertaker”, “Kane” and many more. He is a very powerful man in WWE. The organization is now a global media powerhouse. WWE has a strong ratings on TV. It also developed large gates at live wrestling events. WWE has a decent PPV buy rates around the world. All these are the main income sources for this company. Additionally, WWE also produces a magnitudes of different merchandise, which starting from DVDs to clothing and posters. The WWE is currently trying to change the way that its customers consumes its products. Despite relying on PPV purchases, the company is attempting to offer a great deal of its content trough a monthly subscription service system.
WWE started their initial public offering of shares on NASDAQ in October, 1999 for the first time. when the company closed the window, the price was nearly double than the initial price. They sold $10 million shares that put a milestone in company’s grand success. Vince McMahon controls almost 98% of WWE share. He selected his wife to be the president and chief executive of WWE, while both of his children, Shane and Stephanie also work for the company. WWE has established its headquarter in Stamford, Connecticut.
Vince McMahon currently owns majority of the shares of WWE’s Class B stock, which are convertible to class A share. He is the true boss of this giant company to the point from earning money to investing them. He holds total 81.8% of company’s voting power. Vince McMahon net worth has been diversified outside WWE,Inc. According to senate financial disclosure of Linda McMahon, his wife, the McMahons own everything from Apple’s share. The family targets to invest municipal bonds in private hedge funds. A huge portion of the family income is coming from the shares of WWE. In 2011, Vince McMahon earned around $29.9 million from the WWE dividend.
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The family also owns a mega-mansion in Greenwich which is valued over $40 million. They also have a $20 million vacation home in Connecticut and a $12 million Penthouse in Manhattan. Vince McMahon enjoys his holydays on a 47-foot yacht named “Sexy Bitch”.
Vince McMahon’s wife, Linda McMahon unsuccessfully ran two campaigns for Connecticut Senate seat. The attempts cost the McMahon family over $100 million. The cost is ultimately nothing for this rich family. Vince McMahon net worth has at least $200 million outside the stake in WWE. The shares of WWE hit its all-time high which is over $30 in 2014. The company saw a huge profit that period. The expected money was received of company’s expired TV deals and the WWE network endorsements.
Vince McMahon earns $1.1 million as a salary from WWE. He is no longer the CEO of WWE as he handed it over his real life son in law Paul Michael Levesque, better known as “Triple H”. Vince McMahon is one of the richest persons in United States. He is the most financially strongest person not only in United States but also in the world. McMahon family is one of the richest. He contributes a lot in United States stoke market and other business around the world.