Vince McMahon’s net worth and salary are unknown. Vince McMahon is a $1.6 billion American professional wrestling promoter, pundit, film producer, and occasional performer. Vince amassed wealth and fame as the CEO of World Wrestling Entertainment, or WWE.

Childhood:

Vince McMahon was born in Pinehurst, North Carolina on August 24, 1945. Vince did not meet his father, Vincent James McMahon until he was 12 years old. Vince was raised by his mother, Victoria, and a succession of stepfathers. McMahon overcame scholastic difficulties and dyslexia to achieve a 1964 diploma from Fishburne Military School. He attended East Carolina University and earned a bachelor’s degree in business in 1968.

Personal Life and Real Estate:

Vince and Linda McMahon were married in North Carolina on August 26, 1966. They met as young teenagers at church. They are the parents of two children, Shane and Stephanie, who have both worked in the family business, as well as six grandkids. Vince and his family currently reside in Greenwich, Connecticut, approximately 30 minutes from WWE’s corporate headquarters in Stamford, Connecticut. According to reports, his Greenwich mansion is worth $40 million. Vince also has a $12 million Manhattan condominium and a sports yacht dubbed “Sexy Bitch.”

McMahon feigned his death at one time. On June 11, 2007, WWE presented a clip with Vince entering a limousine moments before it detonated. The broadcast then went “off-air,” and WWE returned to announce that McMahon had been assumed dead. McMahon admitted on June 25 2007 that he was not deceased, but that the death was a plot point for his fictitious character. He said that he staged his demise to ascertain the public’s true opinion of him.

McMahon has contributed to numerous Republican Party causes, including America Rising, a research and tracking organization. He gave the Donald J. Trump Foundation $5 million. Additionally, the McMahons made donations totaling $8 million to Fishburne Military School, Sacred Heart University, and East Carolina University.

McMahon was charged with sexual assault in 1992 in connection with an incident in 1986 with Rita Chatterton, a former WWF referee. In 2006, a bartender in Boca Raton, Florida, accused him of sexual harassment. In neither case were official charges brought.

A career in Business:

Vince is perhaps best known as the Chairman, CEO, and primary stakeholder of World Wrestling Entertainment (WWE), which his father started. McMahon began his career with his father in 1971, when he was tasked with promoting a local wrestling show. Vince began his career as an in-ring announcer for All-Star Wrestling and quickly rose to prominence as a play-by-play commentator.

He prospered, supporting his father’s company in increasing its television syndication, and eventually rose to a far more important position inside the organization. McMahon and his wife assumed management of the still-modestly-sized company upon his father’s death in 1984. He enlisted the assistance of Hulk Hogan to serve as the company’s face.

Vince McMahon quickly devised the “Rock & Wrestling Connection,” a concept that included pop stars in the plots and introduced professional wrestling to a national, and significantly larger, audience. Wrestlemania and other cunning promotions followed shortly thereafter.

McMahon contributed to the popularisation of wrestling by developing the WWF into a distinct type of sports entertainment. World Wrestling Entertainment, previously the World Wrestling Federation (WWF), is a multibillion-dollar corporation today.

Vince McMahon’s Wife

Vince and Linda met when he was sixteen years old and she was thirteen years old. Their mothers were both employed at the same place of business. Throughout their high school years, they were involved in dating.

Vince McMahon proposed to Linda shortly after they received their respective degrees. Linda was only seventeen years old when they married. They married on August 26, 1966, and are now the parents of two children and six grandchildren.

McMahon’s Family Net Worth

According to current statistics, Vince McMahon gets an average compensation of around $1.4 million each year. Following him is his wife Linda McMahon, who has a net worth of $79 million, and their daughter Stephanie McMahon, who has a net worth of $79 million. She is the global marketing ambassador for WWE and also owns many WWE shares.

Stephanie McMahon is married to Triple H, who owns NXT and earns $40 million for his creative involvement in stories, in addition to the bonuses he receives as a signed superstar. Finally, Shane McMahon is worth approximately $35 million and has no say over backstage activities. On paper, he appears to be a purely in-ring talent.

Additional ventures:

McMahon has participated in the ring on occasion and has held the WWF and ECW World Championships. On the Hollywood Walk of Fame, he was honored with a star. Shane McMahon and Stephanie McMahon, McMahon’s children, have also been heavily involved in the organization, both on and off camera. Linda McMahon, who was previously a WWE employee, was nominated Administrator of the Small Business Administration by President Donald Trump in 2017.

Feuds:

McMahon and Stone Cold Steve Austin have been feuding since December 1997. It began when McMahon discussed on-air the alleged assaults on himself and other commentators by Austin. McMahon stated again on broadcast in the fall of 1998 that he was “sick and tired” of watching Austin as the WWF Champion and had devised a “master plan to dethrone him.” Austin then drove a Zamboni into the WWF arena, where he attacked McMahon. He was promptly apprehended.

In January 2007, Vince also began a well-publicized battle with Donald Trump. After Trump vowed to fight McMahon personally, they agreed that they would each choose a representative to wrestle on their behalf. McMahon’s wrestler was defeated.

Vince McMahon Owns How Many WWE Shares?

Vince holds 28.7 million shares of WWE stock as of this writing. He owns class B shares representing over 80% of WWE’s voting power and approximately 37% of the company’s total outstanding shares.

When the share price reached an all-time high of $96 in April 2019, his shares were worth $2.76 billion. WWE stock lost over 50% of its value over the next six months. WWE stock traded at $44 in February 2020, valuing Vince’s interest at $1.2 billion pre-tax. Vince profited almost $100 million after selling 3.34 million shares in December 2017.

He sold the shares to raise capital for his recently announced plans to revive the XFL football league. Vince sold 3.2 million shares in April 2019, at the all-time high, for a gain of $272 million. His timing, as luck would have it, was ideal. A few months later, those same shares would have been worth half as much. He reinvested the proceeds from both transactions in his wholly-owned business Alpha Entertainment. He is said to be planning to invest approximately $500 million of his own money in the resurrected XFL.