What Is Vince Mcmahon Net Worth? How Many Shares of WWE Did He Own?

Vince McMahon was born in Pinehurst, North Carolina on August 24, 1945. When Vince was a young child, his father, Vincent James McMahon, abandoned the family; he did not meet his father until he was 12.

Victoria, Vince’s mother, and several stepfathers helped raise him. McMahon graduated from Fishburne Military School in 1964 despite having dyslexia and other academic difficulties.

He attended East Carolina University, where in 1968, he earned a business degree.

What Is Vince Mcmahon’s Net Worth And Salary?

American professional wrestling promoter, commentator, film producer, and sporadic performer Vince McMahon has a $3 billion fortune. As the CEO of World Wrestling Entertainment, or WWE, Vince McMahon amassed wealth and notoriety.

Before the company was sold to Endeavor in April 2023 for $9.3 billion, he was the largest individual stakeholder. The following paragraphs go into further information about the size and value of his precise stock position.

Vince Mcmahon Net Worth

Vince McMahon announced that he would leave WWE on July 22, 2022, in the midst of a se*ual harassment scandal that is still ongoing. Vince rejoined WWE as Executive Chairman in January 2023.

Vince McMahon’s WWE Sale

WWE was announced to be fully acquired by talent agency Endeavor for $9.3 billion on April 3, 2023. Vince’s 38% stock holding would likely result in a payout of almost $3.5 billion before taxes.

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How Many Shares of WWE Did Vince McMahon Own?

Vince owned 28.7 million shares of WWE stock at the time he sold WWE. He held class B shares, representing about 38% of the company’s total outstanding shares and 80% of the voting power in WWE.

As the stock price reached an all-time high of $96 in April 2019, his shares were worth $2.76 billion. The value of WWE stock dropped by about 50% during the following six months. Vince’s ownership was worth $1.2 billion before taxes in February 2020 when WWE stock was trading at $44.

In December 2017, Vince sold 3.34 million shares for a profit of almost $100 million. He sold the stock to raise money for his recently revealed ambitions to revive the XFL football league.

Vince sold 3.2 million shares in April 2019 when the store was at its record high, making a $272 million profit. He was fortunate in that his timing was ideal.

Those identical shares wouldn’t have been valued nearly as much a few months later. He transferred the profits from both sales to Alpha Entertainment, his wholly-owned business.

According to reports, he intends to contribute about $500 million of his funds to the revived XFL.

Vince McMahon’s Personal Life and Real Estate

Vince and Linda McMahon wed in North Carolina on August 26, 1966. As young teenagers, they connected at church. Six grandchildren and their two children Shane and Stephanie, who have contributed to the family company, round up their family.

Vince and his family are located in Greenwich, Connecticut, about a 30-minute drive from the Stamford, Connecticut, location of WWE’s corporate headquarters.

According to estimates, his Greenwich mansion is worth $40 million. Vince has also had a sports yacht called “Se*y Bitch” and a $12 million Manhattan condominium.

At one time, McMahon pretended to be dead. On June 11, 2007, WWE broadcast a vignette in which Vince was seen getting into a limousine just before it detonated.

A tweet from Vince McMahon’s official account remarked, “Together, we will be a $21+ billion live sports ans entertainment powerhouse with a collective fan base”-

As the show began after going “off the air,” WWE said McMahon was likely already dead. On June 25, 2007, McMahon admitted that he was not over and that the death was a plot point for a fictional character he had created. He stated that he pretended to die to discover people’s valid opinions of him.

McMahon has contributed to many Republican Party causes, including America Rising, a research and tracking organization. He gave the Donald J. Trump Foundation $5 million.

Also, the McMahons gave donations totaling $8 million to East Carolina University, Sacred Heart University, and Fishburne Military Academy.

Rita Chatterton, a former WWF referee, was involved in an event in 1986 that led to McMahon being accused of se*ual assault in 1992.

He was charged with se*ual harassment in 2006 in Boca Raton, Florida, by a bartender. In neither case were any official charges brought.

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