American entrepreneur, financier, and promoter of professional wrestling Vincent Kennedy McMahon. After 40 years as its chairman and CEO, he is now the majority owner and executive chairman of WWE, the world’s most prominent professional wrestling organization. In addition, he is the founder and owner of Alpha Entertainment, which he founded in 2017 to manage the XFL American football league’s comeback in 2020.
Where Did Vince McMahon Grow Up?
On August 24, 1945, Vince McMahon was born in Pinehurst, North Carolina. 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 a succession of 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?
With a net worth of $1.8 billion, Vince McMahon is an American promoter of professional wrestling who works as a commentator, film producer, and occasional wrestler. As the CEO of World Wrestling Entertainment, or WWE, Vince McMahon amassed wealth and notoriety. He is the largest individual shareholder in the business.
In the following paragraph, we go into more specifics about the amount and value of his equity stake. Vince McMahon announced that he would leave WWE on July 22, 2022, amid a sexual harassment scandal that is still ongoing. Vince rejoined WWE as Executive Chairman in January 2023.
How Many Shares of WWE Does Vince McMahon Own?
Vince currently owns 28.7 million shares of WWE stock as of this writing. He has class B shares, which account for about 37% of the outstanding shares and 80% of the voting power at WWE.
When 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. With WWE stock trading at $44 as of February 2020, Vince’s ownership interest was worth $1.2 billion before taxes.
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.
A once-in-a-lifetime athlete and an extraordinary friend. Here’s to the incomparable Andre the Giant on what would have been his 76th birthday. pic.twitter.com/CXU61xkaYE
— Vince McMahon (@VinceMcMahon) May 19, 2022
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.
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