Vince McMahon | Biography, WWE, Wrestling, Steps Down

Vince McMahon, born Vincent Kennedy McMahon on August 24, 1945, in Pinehurst, North Carolina, is a prominent American businessman and former CEO of WWE. He is best known for his role in transforming World Wrestling Entertainment (WWE), formerly known as the World Wrestling Federation (WWF), into the largest professional wrestling promotion in the world.


Here we have Vince McMahon’s net worth, earnings, personal details, controversies, and more.

About Vince McMahon

Early Life

McMahon grew up in poverty and family difficulties. He was raised by his mother and a series of stepfathers. He graduated from East Carolina University in 1968 with a degree in business.

Professional Wrestling Career

Vince McMahon’s career in wrestling began in the 1970s when he joined his father, Vince McMahon Sr., who was running the then-World Wide Wrestling Federation (WWWF). After taking over the company in 1982, he began to expand the promotion from a regional operation into a national one, fundamentally changing the landscape of professional wrestling.

He introduced the rock ‘n’ wrestling connection in the 1980s which combined pop music and wrestling to attract a larger audience.

Under McMahon’s leadership, WWE became known for its large-scale events and television deals, most notably WrestleMania, an annual event that has become the flagship for the company.

McMahon initiated the Attitude Era, a period in the late 1990s and early 2000s characterized by edgier content and more adult-oriented storylines. This era featured iconic wrestlers like Stone Cold Steve Austin and The Rock and helped WWE win the “Monday Night Wars” against rival promotion WCW.

As a performer, McMahon won the WWF Championship in 1999 and the ECW World Championship in 2007. He was also the winner of the 1999 Royal Rumble match.

Business Career

Beyond wrestling, McMahon ventured into other areas, including the XFL football league and the World Bodybuilding Federation, though with varying degrees of success. His ownership of Alpha Entertainment and investments in various business ventures have also contributed to his financial portfolio.

Controversies

McMahon’s career has not been without controversy. He has faced multiple legal challenges and allegations ranging from steroid distribution to sexual misconduct. In the early 1990s, he was indicted but ultimately acquitted on charges of distributing steroids to his wrestlers.

More recently, he has been accused of sexual misconduct. Rita Chatterton, a former referee, claimed that on July 16, 1986, McMahon tried to force her to perform oral sex on him in his limousine; when she refused, he raped her. Former wrestler Leonard Inzitari corroborated Chatterton’s allegation in a 2022 interview in New York Magazine.

Chatterton filed a sexual abuse lawsuit against McMahon in December 2022. McMahon settled the lawsuit involving Chatterton that month. Though the exact sum of the settlement payment was not publicly disclosed, it has been acknowledged Chatterton sought $11.75 million in damages in her lawsuit.

Vince McMahon’s Net Worth and Earnings

As of 2024, Forbes lists McMahon’s net worth at approximately $2.8 billion.

McMahon’s journey to becoming a billionaire began with his father’s takeover of the World Wrestling Federation (WWF), now known as World Wrestling Entertainment (WWE), in 1982. Under his leadership, WWE expanded from a regional promotion to a global entertainment powerhouse.

Salary and Career Earnings

In April 2023, McMahon’s net worth saw a significant boost following the sale of WWE to Endeavor for a staggering $9.3 billion, merging WWE with UFC to form a new entity called TKO. McMahon holds a 16% equity stake in TKO, valued at approximately $2.32 billion based on the company’s IPO market cap of $14.5 billion.

In 2024, he was reported to have a new employment agreement with WWE that could pay him as much as $7.6 million for the year, including a base salary of $1.2 million, a target cash bonus of 175% of his base salary, or $2.1 million, along with stock awards of $4.3 million, provided the company meets performance targets.

Real Estate

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

Personal Details

DetailInformation
Full NameVincent Kennedy McMahon
Date of BirthAugust 24, 1945
Place of BirthPinehurst, North Carolina, U.S.
Height6 ft 2 in (188 cm)
Weight248 lb (112 kg)
SpouseLinda McMahon (m. 1966, separated but still legally married)
ChildrenShane McMahon, Stephanie McMahon
EducationEast Carolina University (B.A.)
Ring NamesMr. McMahon, Vince McMahon
Debut1969 (ring announcer), 1971 (commentator), 1998 (wrestler)
Net Worth (2024)2.8 billion USD
Marital StatusMarried, though separated from Linda McMahon
ResidencyGreenwich, Connecticut
Theme SongNo Chance In Hell
NicknamesThe Boss; The Chairman; The Higher Power

Wife and Family

Vince McMahon’s wife is Linda McMahon. They were married in 1966. Linda McMahon, born Linda Marie Edwards on October 4, 1948, in New Bern, North Carolina.

Linda McMahon has been active in politics. She served as the 25th Administrator of the Small Business Administration from 2017 to 2019 under President Donald Trump. After leaving the administration, she became the chairwoman of America First Action, a pro-Trump Super PAC.

At some point before 2022, Vince and Linda separated but did not get a divorce.

Vince and Linda McMahon have two children: Shane, who left WWE in 2010 and returned in 2016, and Stephanie, who continued to be active in a backstage role and onscreen from the 1990s until resigning in 2023. 

Stephanie McMahon and her husband Paul “Triple H” Levesque have three daughters named Aurora, Murphy, and Vaughn.

Age

Born on August 24, 1945, he is 78 years old.

Height

He is 6 ft 2 inches tall.

FAQs About Vince McMahon

What is Vince McMahon’s net worth?

$2.8 billion.

Who is the former CEO of WWE?

Vince McMahon.

Who is his wife?

Linda McMahon.

Who are his children?

Vince and Linda McMahon have two children together: Shane McMahon and Stephanie McMahon.

Where does he reside?

Greenwich, CT.

Where was he born?

Pinehurst, North Carolina, U.S.

What are some of Vince McMahon’s catchphrases?

His catchphrases include “You’re fired!” and “No chance in hell!” which are associated with his on-screen persona as an evil boss.

Is Vince McMahon in the WWE Hall of Fame?

Yes, McMahon was inducted into the WWE Hall of Fame in 2008 for his contributions to the wrestling industry.

What is his full name?

Vincent Kennedy McMahon.

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