Unsurprisingly, money is no problem for Vince McMahon at all. Renowned as the CEO of the World Wrestling Entertainment (WWE), Vince McMahon’s net worth is a huge lot at the moment and he made all that money from the wrestling industry. Having taken over the mantle of leadership from his father, Vince has built WWE into a worldwide phenomenon, attracting global attention and becoming the darling of extreme sports lovers. Today, he is widely regarded as one of the most successful businessmen in the world.
It is public knowledge that Vince McMahon has raked in a lot of money from wrestling, but what exactly is Vince McMahon’s net worth and how did he go about making billions from wrestling?
Vince McMahon’s Early Days
Vince McMahon, whose real name is Vincent Kennedy McMahon, was given birth to on the 24th of August 1945 in Pinehurst, North Carolina and, according to reports, he grew up with his mother, Victoria and a string of stepfathers because his father, Vincent James McMahon left the family when he was still only a child. In fact, McMahon only got to meet his father when he turned 12 years old. However, they ended up forming a very strong father-son relationship later on.
Vince McMahon was introduced to the world of wrestling from an early age. This was because his father was also a wrestling promoter who owned Capitol Wrestling Foundation, a wrestling company that was formed by Vince McMahon’s grandfather. Vince initially wanted to become a wrestler himself but his father advised him to rather be a promoter and not get involved with the wrestling itself. From this point, he got the dream to make it really big as a promoter and this pleased his father.
Vince McMahon would go on to take over the Capitol Wrestling Foundation when his father died and has since gone to turn it into a globally acclaimed venture.
Vince McMahon’s Net Worth
Like we have mentioned earlier, Vince McMahon’s net worth is quite impressive. The wrestling promoter has grown to become a highly successful businessman, efficiently managing World Wrestling Entertainment, turning it into a globally renowned venture and raking so much money in the process. So, exactly how much is he worth at the moment?
At the moment, Vince McMahon’s net worth has been pegged at about $2.9 billion, according to Forbes. He has been able to make all this money from his quick-witted moves as a wrestling promoter.
How He Made Billions From Wrestling
Vince McMahon was introduced to the world of wrestling quite early because his father was a wrestling promoter. When he showed a desire to become a wrestler as a child, his father discouraged him and allowed him instead to focus on promotions. During the late 1960s, Vince’s father brought him in to do some managerial duties in Capitol Wrestling Foundation. This role opened his eyes to the workings of the wrestling world and prepared him to do great things much later.
As the years went by, Vince McMahon kept impressing his father by bringing new ideas to make the Capitol Wrestling Foundation a better venture. In fact, during the 1970s, he grew to become a prominent figure in his father’s company and actively worked to multiply TV syndication for Capitol Wrestling Foundation. By this time, he was already raking in millions of dollars for the company.
A very adventurous person, Vince also started his own company called Titan Sports in 1980. He did this in collaboration with his wife, Linda. The Titan Sports company was incorporated the following year in 1981. Around this time, his father was becoming feeble and sick, so Vince acquired control of the Capitol Wrestling Foundation. In 1984, his father died, leaving Vince to take total control of the company at the age of 37.
Following his father’s death, Vince McMahon swiftly swung into action with plans to make the Capitol Wrestling Foundation into a global venture. He changed the name of the company to World Wrestling Federation (it will later become WWE) and began to sign talents from other wrestling companies like the American Wrestling Association. Eventually, top names like Hulk Hogan joined his ranks and the company blew up.
In the 1990s, Vince attracted increasing attention to WWE with the array of talents lined up and soon enough, the company expanded its fanbase into the international arena, culminating into the adult-oriented spectacle everyone now knows it as. The more success WWE made, the more Vince kept raking a lot of money from the business.