Vince McMahon Net Worth, Salary – How Rich Is He?

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Vince_McMahon

Vincent Kennedy “Vince” McMahon

Net Worth: $800 million

Source of Wealth: pro wrestling

Born: August 24, 1945 in Pinehurst, North Carolina

Children: 2

Vince McMahon earned his wealth as the the Chairman, CEO and Chairman of the Executive Committee World Wrestling Entertainment (WWE). In 1982, he purchased Capitol Wrestling from his ailing father and began an expanding the business. He later formed the World Wrestling Federation (WWF) and grew it into a worldwide success.

WWF programs consistently ranked as some of the highest among cable and pay-per-view programs. Major income sources also come from movies, product licensing, music, and direct product sales. The WWF went public in 1999. His family — wife, Linda; daugher Stephanie; and son, Shane — all play important roles in the the business.

How much money does McMahon make?

His salary is only $1.1 million plus bonuses. This money he makes is not at all indicative of his wealth. The McMahons hold approximately 70% of WWE’s economic interest and 96% of the voting power in the company.

As a requirement for running for the Senate, Linda McMahon filed a financial disclosure form in 2009. The papers show that Vince and Linda McMahon have assets totaling anywhere from $103.7 million to $355.13 million.

Vince has a $40 million mansion in Greenwich, Connecticut, a $12 million penthouse in Manhattan, a $20 million vacation home, and a 47-foot sports yacht named Sexy Bitch.

He was a billionaire in the late 90s/early 2000s but his net worth has dropped since then.

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Posted by Admin   @   22 November 2012 0 comments
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