Vince McMahon is one of the most recognizable faces in the US, especially in the entertainment industry. He is known to be the owner of the professional wrestling company World Wrestling Entertainment (WWE). The WWE is the largest wrestling promotion in the world, holding over 500 events a year, with the roster divided up into various globally traveling brands, and is available to about 36 million viewers in more than 150 countries.
McMahon inherited the company from his father Vince McMahon Sr. The younger McMahon spearheaded an expansion process that fundamentally changed the wrestling business, developed the WWE and made it as prestigious BA’s we know it today.
McMahon initially worked in the corporate area and behind the scenes in the WWE. He was the broadcast color commentator and later chief broadcaster for the company until 1997. McMahon proved himself to be an excellent promoter and visionary.
McMahon is a man of action and a backstage role in the WWE wasn’t enough for me. It was only a matter of time till he stepped out of the shadows and took part in the fun going on in the wrestling ring. His ring name is Mr. McMahon, based on his real life persona. He enjoyed a successful wrestling career. He is a two-time world champion and won the 1999 Royal Rumble. He headlined multiple WWF/WWE pay-per-view events from 1999 to 2000 and participated in the main event of WrestleMania 2000 as a cornerman for The Rock. In singles competition, he holds victories over former WWF/WWE Champions Ric Flair, The Undertaker, Shawn Michaels and Triple H.
2000: The birth XFL
McMahon spearheaded the creation of a new profession football league, The XFL. XFL was a partially owned subsidiary of WWE ( Then WWF) launched in 2000 which comprised eight league-owned professional football teams with McMahon being the face of the league.
The league was promoted as having fewer rules to encourage rougher play than other major leagues. However, the league quickly developed a bad reputation due to its direct connection with WWE. XFL combined the traditional game of football with the kayfabe and stunts of professional wrestling. Ratings quickly nosedived and the XFL closed up shop in 2001 with McMahon conceding the league was a ‘colossal failure’. He however maintained control of the league’s brand with the intention to revive the league in the future.
2020: The revival of XFL
In the 2017 ESPN documentary “This Was the XFL“, McMahon openly thought about reviving the XFL while also admitting the revived league would have to do things differently from the initial league.
One of the changes McMahon made to the new XFL was to remove any ties to professional wrestling. The new league is owned by Alpha Entertainment ( a company set up by McMahon) and not the WWE. XFL will not rely on professional wrestling-inspired features and entertainment elements as its predecessor did but instead aim to reimagine football by speeding up game time and increasing on field action.
Also, McMahon is not the face of the league and brought in Oliver Luck to oversee the league as commissioner.
Vince McMahon’s Net Worth
Like other public figures, McMahon’s net worth is of interest to the public. As far back as 2000, the WWE claimed that McMahon is a billionaire. His net worth was reported to be fluctuating, sometimes crossing the 1 billion mark.
McMahon currently has a real time net worth of $3.0B according to the prestigious Forbes publication and his entertainment company entertainment company (WWE) hauls in nearly $1 billion in annual revenue.
McMahon came in at #691 in Forbes list. In 2018 Forbes listed McMahon’s net worth at $1.7 billion. He nearly double his networth in a year, thanks in part to the WWE TV deal with Fox. However, with the ratings sagging and WWE network subsriptions going down. The chairman is sure to go below the #691 for 2019.
But a successful launch of the XFL in 2020 could change his rank and status on Forbes list in 2020.
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Vandal Hearts 3:16
July 28, 2019 at 2:24 pm
Vince is lucky that the Saudi blood money (and FOX & USA’s stupidity) is keeping his sorry excuse of a wrestling promotion afloat as the empire continues to burn slowly. AEW, don’t screw up.
In other news, if the XFL makes it to 2021, how many teams relocate? I’d bet on Seattle, Houston, Tampa Bay and especially L.A. who can’t even support the Chargers!
January 26, 2021 at 11:48 am
Vince McMahon did not inherit the company from his father. His father didn’t want him in the wrestling business. He made a deal with his father and his father’s business partners Gorilla Monsoon, Arnold Skaaland & Phil Zacko on a payment plan with a balloon payment at the end. Had he failed to make any of the payments ownership would have gone back to the original owners and they would have kept any monies paid to that point.