How rich is Vince McMahon?
Vince McMahon is not only one of the richest men in the United States, but also one of the richest people in the world. After all, will be Assets at 1.74 billion euros estimated. WWE wrestlers in particular made Vince McMahon rich. As long as the cash registers ring at the various wrestling matches, his wallet also fills up. Vince McMahon owns around 57 percent of the media company WWE, which corresponds to almost 40 million shares. As the price of WWE stock rises, so does Vince McMahon’s fortune. Of course, it looks the other way around. As soon as WWE shares plummet, Vincent Kennedy McMahon is instantly not quite that rich.
Fortunately, the man at the top of WWE’s fortune isn’t all stocks. Only his property, which is located in Greenwich, Connecticut, is converted worth an impressive 37 million euros. From there it is only about 30 minutes to the WWE headquarters in Stamford (Connecticut). The career of the self-made man is all the more astonishing when you consider the poor circumstances Vince actually came from. In the third generation, Vincent was active as a wrestling promoter from an early age. Nobody could have known at the time that it would be so successful. After all, Vincent Kennedy McMahon was once nothing more than a simple boy from the trailer park.
In the meantime, the WWE man had to take a few serious setbacks. That was the case in 2014, for example. A few years ago the entrepreneur lost around 330 million euros in just one day. How was that possible? Back then, WWE entered into a deal with NBC that investors didn’t seem to like. Overall, this deal should cost Vince McMahon even more than 750 million euros. But even at this point in time, his critics already knew that the multi-millionaire would quickly recover from this shock.
Vince McMahon’s secret to success
So what’s the secret of Vince McMachon’s success? How could he recover from such catastrophic financial losses so quickly? The explanation for this is quite simple indeed. After all, the media entrepreneur early on showed a nose for what WWE fans really want. When it comes to that Stream Pay TV Content Vince McMachon is now big in business. WWE fans actually pay monthly to watch all of their wrestling heroes’ matches. Only the following four companies make more money than WWE in this area:
- MLB TV (Major League Baseball TV)
If you want to subscribe to the WWE Network, you have to pay $ 9.99 per month for it. The group now has so many subscribers that the annual income amounts to more than 141 million euros. In July 2016 it was even reported that the chairman of the WWE now has around 1.82 million subscribers may look forward to. These are definitely bright times for Vince McMahon and his family. Daughter Stephanie benefits a lot because she also works for the WWE Group in part. The ex-wrestler has bigger things in mind. In the future, Vince McMahon would like to expand his subscriber base to more than two million users.
In addition to the shares Vincent McMahon owns in the company, he also pays out an annual salary. This income alone is said to have amounted to around 3.1 million euros last year. In addition to his three-story villa in Connecticut, which has a total of seven bedrooms, the multimillionaire can be 11.3 million euro penthouse in New York City thus without any problems. The McMahons’ holiday home is also a stately property that is said to be worth a total of 18.8 million euros.
Vince McMahon – a self-made millionaire, as he is in the book
The typical American story from dishwasher to millionaire would have had to be invented for Vince McMahon if this dream had not already been widespread in the minds of many Americans. The foundation stone of his success was laid in the cradle of the entrepreneur, even if the McMahon family actually comes from a humble background. The WWE (then still World Wrestling Federation) bought Vince McMahon from his father. But Vincent Junior had a vision that exceeded his father’s dreams by far and made WWE the world-famous media company it is today. By hiring wrestling greats like Hulk Hogan, Bret Hart and Dwanye “The Rock” Johnson, Vince McMahon helped his company to completely new heights.
When it comes to entertainment, Vincent McMahon has always wanted to set a whole new standard. Those efforts have even ensured that the WWE boss is with one Star on the Hollywood Walk of Fame was awarded. This proves that the entrepreneur has achieved really great things in the fields of TV, film, music and television. After all, the entrepreneur not only focused on the field of wrestling, but also founded a record company, the WWE Music Group, and a film production company called WWE Studios.
During his career, the millionaire was also able to realize himself again and again. That wasn’t just the case when he stepped into the ring against today’s US President Donald Trump in the billionaires’ battle. Rather, Vince McMahon was also active as a wrestler in the ring at irregular intervals. In September 1999, for example, the entrepreneur was able to secure the title of the oldest WWE champion of the time. The WWF Champion was not only able to win the Royal Rumble in 1999. Rather, Vincent Kennedy McMahon was also known as ECW World Champion excellent. The extremely rich entrepreneur has worked hard to earn the respect of all wrestling fans worldwide. WWE TV content is now available to wrestling enthusiasts in around 150 countries and in more than 30 languages.
Cover picture: robert mulrenin / PR Photos
Press Conference: Anthony G. Moore / PR Photos
Hollywood Star: EricBVD / Bigstock.com
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