Vince McMahon Net Worth 2023: The man who changed the face of professional wrestling

Vince McMahon is credited with the immense success of professional wrestling and expanding the wrestling business from the regional market to the national market to the global market. He bought the company from his father and took it to great heights, almost establishing his monopoly in the industry. Once filing for bankruptcy, McMahon grew into a highly successful businessman with a net worth in the billions. Follow this article for more details on Vince McMahon Net Worth 2023, Personal Life, Professional History, Awards & Honors and more.

Vince McMahon Net Worth 2023

Associate of Vince McMahon biography

Vince McMahon was born on August 24, 1945 in Pinehurst, North Carolina to Victoria and Vincent James McMahon. His father was the founder of the American sports sponsorship company Capitol Wrestling Corporation, later renamed WWWF and now known as WWE. He left the family when Vince was a baby, taking his eldest son with him. McMahon was raised in an unstable and abusive environment by his mother and various stepfathers. One of his stepfathers, Leo Lupton, beat his mother and attacked Vince when he tried to protect her. McMahon met his father at age 12 and became interested in professional wrestling.

McMahon met Linda Edwards at a church in 1962 when she was 13 and he was 16. They married four years later, aged 17 and 21. The couple have two children together: Shane, a retired professional wrestler, and Stephanie, a former wrestling promoter. Vince and Linda have reportedly split up.

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Vince McMahon’s career

McMahon made his debut in 1969 as the ring announcer for the World Wide Wrestling Federation (WWWF) television show All-Star Wrestling. He worked as a wrestling promoter in 1971 and later became a play-by-play commentator for televised matches. McMahon played a leading role in growing and promoting the company and soon became the face of the WWWF. In 1979 he renamed the company the World Wrestling Federation (WWF). A year later, Vince founded Titan Sports, taking control of the WWF from his ailing father.

After purchasing WWF, Vince began expanding it nationwide by recruiting talent from other companies. At the time, the wrestling business was being done through regional promotions, but Vince began promoting in off-campus areas. Thanks to Vince’s tireless efforts, WWF grew its fan base by attracting public attention nationwide.

Today, the WWF is called WWE after changing its name in 2002 after losing a lawsuit. WWF is the trademark of the World Wildlife Fund, which won the lawsuit and forced the transformation of the World Wrestling Federation into World Wrestling Entertainment. In 2023, McMahon sold the company to Endeavour, which merged it with the UFC (Ultimate Fighting Championship) to form a $21 billion company.

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Business outside of wrestling

In addition to WWE, McMahon opened and acquired many new businesses. However, none of them have been as successful as WWE. In 1979 he bought the Cape Cod Buccaneers from the Atlantic Coast Hockey League. At the same time, McMahon also bought the Cape Cod Coliseum Arena, which hosted professional wrestling tournaments, hockey games, and rock concerts. However, due to the lack of tourists, the company suffered losses for the most part.

In 1990, Vince founded the World Bodybuilding Federation, which disbanded two years later in 1992. In 2000 he re-established a professional football league XFL, which folded after one season due to bad weather. The league made a comeback in 2018 but filed for bankruptcy again in 2020. In 2014, Vince launched WWE Network, an over-the-top streaming service, and in 2017, Alpha Entertainment, an organization offering news, scores, teams, and games. , tickets and other related services for XFL.

charity work and philanthropy

In 2006, Vince and his wife, Linda, donated $2.5 million to build a tennis court in Ebensburg, Pennsylvania. In 2008, they awarded $8 million in grants to Fishburne Military School, Sacred Heart University and East Carolina University. The couple has also supported the Special Olympics since 1986.

Vince McMahon movies

Below is a list of some films Vince McMahon has spoken in:

1. Scooby-Doo! WrestleMania Mystery (2014)
2. The Flintstones and WWE: Stone Age SmackDown! (2015)
3. WWE Camp (2016)
4. Scooby-Doo! and WWE: Curse of the Speed ​​Demon (2016)
5. Surf’s Up 2: WaveMania (2017)
6. The Jetsons and WWE: Robo-WrestleMania! (2016)

McMahon won major prizes

Check out the full list of awards Vince McMahon has won below:

Wrestling Observation Bulletin Award

• Feud of the Year (1998, 1999)
• Worst Game of the Year (2022)
• Best Delivery Man (1987, 1998, 1999)
• Top Promoter (1988, 1998–2000)
• Best Non-Wrestler (1999, 2000)
• Most Disgusting Promotional Tactic (2003)
• The Most Disgusting Promotional Tactic (2022)
• Most Hideous (1983–1986, 1990, 1993)
• Worst Feud of the Year (2006)
• Wrestling Observer Newsletter Hall of Fame (born 1996)

Professional wrestling illustrated

• Feud of the Year (1996)
• Feud of the Year (1998, 1999)
• Feud of the Year (2001)
• Game of the Year (2006)

World Wrestling Federation / World Wrestling Entertainment

• ECW World Championship (1 time)
• WWF Championship (1 time)
• Royal Rumble (1999)

The Baltimore Sun

• Best Non-wrestling Performer of the Decade (2010)

Pro Wrestling Hall of Fame and Museum

• vintage 2011

Other awards and honors

• Guinness World Records – Oldest WWE Champion (September 1999)
• Star on the Hollywood Walk of Fame (2008)
• Boys & Girls Clubs of America Hall of Fame (2015 Class)
• Honorary Doctorate in Humane Letters from the University of the Sacred Heart

controversies and allegations

McMahon was convicted in federal court in 1993 of a steroid controversy and accused of distributing steroids to his wrestlers. The prosecution’s key witness was former WWF wrestler Kevin Wacholz, who testified that McMahon ordered him to use steroids. However, when Kevin said he hated McMahon, his credibility was called into question and the jury eventually dropped all charges.

In 1992, McMahon was accused of sexual harassment by former WWF referee Rita Chatterton and a Miami tanning bed employee. In 2022, the WWE board of directors investigated a $3 million tacit settlement McMahon reached over an alleged affair with a former employee. The company also disclosed unrecorded payments of $19.6 million made by McMahon between 2006 and 2022 to resolve sexual misconduct complaints. Following these incidents, Vince resigned as CEO and WWE Chairman, later announcing his retirement. However, he returned to WWE as Executive Chairman in 2023 and will continue to do so for the combined company.

The most expensive goods in Vince McMahon

Vince McMahon has managed to maintain his billionaire status in 2023 and his lavish lifestyle is proof of that. He owns several properties, but his most prized possession is his mansion on Hurlingham Drive in Greenwich, Connecticut. The mansion goes by the name of Conyers Farm and is worth $40 million at its latest estimate. In 2023, it could be worth even more. The three-story mansion features seven bedrooms, nine bathrooms, a fitness center and a guest room. Located on the outskirts of town, the mansion is surrounded by several homes of famous people from the neighborhood.

In addition to this lavish estate, McMahon also owns a $12 million Manhattan penthouse, a $20 million vacation home, and a 47-foot sport yacht, as well as a private jet and luxury sedan.

Vince McMahon on social media

frequently asked Questions

What is Vince McMahon’s net worth in 2023?

$3.1 billion (approx.)

Who is the new owner of WWE?

Endeavor Group Holdings Inc.

Why did Vince McMahon sell WWE?

Because he felt it was the right thing to do.

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