Overview
One of the world’s richest individuals, Vince McMahon is an American professional wrestling promotion, pundit and filmmaker. As the CEO of World Wrestling Entertainment, or WWE, Vince became rich and famous.
There are now 28.7 million WWE stockholders owned by Vince. Mr. Goldberg holds 80 percent of WWE’s voting power and about 37 percent of the company’s outstanding shares.
His shares were worth $2.76 billion in April 2019 when the share price touched an all-time high of $96, he said in a statement. The value of WWE stock dropped by half during the following six months. After taxes, Vince’s holding in WWE stock was worth $1.2 billion as of February 2020, when the company was trading at $44. In December 2017, Vince sold 3.34 million shares for a profit of almost $100 million. He sold the shares to raise money for the XFL relaunch he just announced.
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Vince McMahon sold 3.2 million shares in April 2019 for a profit of $272 million, when the shares were at their all-time high. As luck would have it, he was born at the exact moment. A few months later, the identical shares would have been worth half as much. Alpha Entertainment, his wholly-owned corporation, received the profits from both sales. It’s rumoured that he aims to spend $500 million of his own money in the XFL’s new franchise.
As a child: Vince McMahon
On August 24, 1945, Vince McMahon was born in Pinehurst, North Carolina. Before Vince McMahon was 12 years old, his paternal grandfather Vincent James McMahon had moved out of the family home and had never been seen by him again. Victoria, Vince’s mother, reared him with the help of a slew of stepfathers. In 1964, Vince McMahon graduated from Fishburne Military School despite having academic difficulties and dyslexia. Upon completing his undergraduate studies at East Carolina University, he went on to earn a bachelor’s degree in business administration.
WWE
World Wrestling Entertainment (WWE), the business his father started in the 1970s, is where Vince got his start as chairman, CEO, and the majority owner of today’s biggest name in pro wrestling. In 1971, McMahon was assigned responsibility for the promotion of a local wrestling show by his father, and that was when he began working for him. Vince was All-Star Wrestling’s in-ring announcer and play-by-play commentator. Over time, he helped his father’s firm triple TV syndication and became an increasingly important member of the team.
The McMahons inherited a still-small firm after their father’s death in 1984. With Hulk Hogan’s support, he made his firm famous. Later, the “Rock and Wrestling Connection” concept was established by Vince McMahon, who included pop stars in his stories to broaden the appeal of pro wrestling across the United States. A series of inventive shows followed immediately after WrestleMania. When McMahon built the WWF into a unique kind of sports entertainment, he helped make wrestling a household name. The World Wrestling Federation (WWF), originally known as World Wrestling Entertainment, is today a multi-billion dollar business.
Various Other Efforts
Vince McMahon has held the WWF and ECW World Championships, and has competed in the ring on occasion. One of the Hollywood Walk of Fame’s newest honorees, he now gets his own star. On and off camera, Shane McMahon and Stephanie McMahon, the children of McMahon, have been active participants in the business. He was married to Linda McMahon, who was also involved with the WWE and who was selected by President Trump to be the Administrator of the Small Business Administration in 2017.
Feuds
Since December 1997, Vince McMahon and Stone Cold Steve Austin have been involved in a bitter feud. It all started when McMahon brought up Austin’s alleged attacks on him and other commentators during an on-air interview. In the autumn of 1998, McMahon said that he was “sick and tired” of watching Austin as the WWF Champion and that he had devised a “master plan to remove the championship” from him on television. After that, Austin assaulted McMahon with a Zamboni he had driven into the WWF arena. Soon after, he was taken into custody.
In January 2007, Vince launched a public rivalry with Donald Trump. With threats to fight McMahon, Trump and WWE CEO Vince McMahon agreed to each select a representative to fight on their behalf. The McMahon wrestler was defeated in the bout.
Intimate Matters and the Purchase of Real Estate
On August 26, 1966, Vince McMahon married Linda McMahon in North Carolina. When they were in their teens, they met in church. In addition to their two children, Shane and Stephanie, they also have six grandkids. A 30-minute drive from WWE’s headquarters in Stamford, CT, Vince and his family are located in Greenwich, CT. According to reports, he has a $40 million house in Greenwich Village. He’s also had a $12 million Manhattan home and a sports boat called “Sexy Bitch.”
McMahon faked his own death at one time. On the 11th of June, 2007, WWE presented a vignette in which Vince was seen entering a limo just before it detonated. McMahon was assumed deceased when the broadcast was turned to “off air” On June 25, 2007, McMahon admitted that he wasn’t really dead after all, but that the death had been staged as part of the plot of a fictional character he had created. For the sake of finding out what others really thought of him, he said he had staged his own death.
He has given to several Republican Party organisations, notably the research and tracking organisation America Rising. He gave the Donald J. Trump Foundation $5 million. Sacred Heart University, East Carolina University, and Fishburne Military School all received donations totaling $8 million from the McMahons.
In 1992, McMahon was accused of sexually assaulting Rita Chatterton, a former WWF referee, in a 1986 incident. A bartender in Boca Raton, Florida, accused him of sexual harassment in 2006. In both cases, no official charges were brought.
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