Facts of Vince Mcmahon
|Full Name||Vince Mcmahon|
|Birth Name||Vincent Kennedy McMahon|
|Profession||Businessman; Entertainment Tycoon;|
|Birth City||Pinehurst, North Carolina|
|Father Name||Vincent J. McMahon|
|Mother Name||Vicky Askew|
|No Of Children||2|
|Date of Birth||August 24,1945|
|Married Date||August 1966,26|
Vince McMahon is best known as the CEO and biggest antagonist in WWE history; for many, he was the most hated man of their childhood. In addition to being a businessman, he is also a former wrestler, actor, and sports-entertainer.
He can be credited as the person responsible for the domination of the WWE in sports-entertainment broadcasting. He solely built an empire that took over and monopolized the wrestling entertainment market.
How Much Is Vince McMahon Worth In 2020?
Business tycoon Vince McMahon has a net worth of $2.2 Billion as of February 2020, according to Forbes. Some other sources, like Celebrity Networth, claim that he is worth $1.6 billion in 2020. The majority of his net worth is in the form of stocks at WWE.
In 2019, he was worth $3.2 billion as per data from various online sources. The year before, his fortune was $3.6 billion. He made billions of dollars from the WWF and WWE, as a matter of fact, the WWE is the main source of his income.
Earnings And Salary
As the CEO of the biggest wrestling company in the world, McMahon earns million every year.
In fact, he earned around $1.4 million as salary and $5.6 million overall from WWE during the 2018 fiscal year, but he was not the highest-paid member of WWE as the Co-presidents George Barrios and Michelle Wilson earned $9.1 million and $9.18 million respectively.
Vince’s base salary is also $1.4 million, but he earns a lot from bonuses and incentives. Additionally, he also earns from the stocks of WWE.
As per data from Capitalism, he has more than 32 million stocks in WWE. The share price of WWE as of February 27, 2020, is at $48.41. This means that he has over $1.5 billion in shares in the company.
A list of his earnings is given below.
|2018||$1,400,000||Salary As Chairman/ CEO of WWE|
|$40,000,000||Selling WWE Shares|
How Lavish Is Vince McMahon Houses And Lifestyle?
McMahon’s character on various WWE shows projects privilege and money; in real life too, he lives an incredibly lavish life. He owns a home in Florida, USA; the penthouse features an extravagant pool.
Vince and his wife bought two floors in the property for $2,145,750 in July 2002. Another one he owns is a vacation home that cost him $20 million, but the location has not yet been made public.
Another property the McMahons on is the ‘Conyers Farm’ estate in the prime and posh location of Greenwich, Connecticut. It is valued at around $40 million and is the home base for the McMahons.
Expensive Cars And Private Jet
Vince lives the rich life, and it was apparent after he purchased a $200,000 Bentley Continental GT 2010 and had a $100,000 stereo installed in it.
In addition to this, he also featured a $50,000 Corvette on WWE that was filled with concrete by Stone Cold Steve Austin. He also had a limo that exploded after he entered inside, but it was all part of the WWE show.
McMahon also has a private jet, the Bombardier Global 5000 Jet runs, called the WWE plane. The jet costs around $50 million brand new, and according to the travel, he pays $400,000 quarterly as installments on the jet.
The value of the jet has depreciated over the years as it was bought in 2013 and hasn’t been upgraded since, but it is still worth more than $30 million.
Before this, he had another plane that was used by the WWE too. The jet was later upgraded to the Bombardier.
Charities And Donations
McMahon has donated to various causes and organizations over the years. He donated over $8 million in the form of grants to Fishburne Military School, Sacred Heart University, and East Carolina University. Nonprofit in 2008.
In a similar fashion, he also donated $2.5 million to construct a tennis court in Ebensburg, Pennsylvania.
Vince is a republican and supports the POTUS Donald Trump passionately. He and his wife donated $1 million to the republican party in 2014. Similarly, he also donated around $5 million in the Donald J. Trump Foundation.
Sexual Harassment Allegations
Vince McMahon has been accused of sexual harassment on various occasions, a former employee of WWE, Rita Chatterton, aka Rita Marie, claimed that McMahon forced her to perform o*** s** on him and raped her when she refused. McMahon did not face any legal action.
Similarly, a worker at Tanazabar Tanning Salon (a tanning bar) in Boca Raton, Florida where the McMahons have a house accused Vince on February 1, 2006, of sexually harassing her.
At the time, he was at the 2006 Royal Rumble so no further investigations took place but it was later clarified that the incident took place a day before and was reported on February 1, 2006.
After a legal investigation, the State Attorney's Office announced on March 24, 2006, that it would not charge McMahon due to insufficient evidence.
As often is the case in athletic fields, some of the wrestlers of the WWE were found to be using steroids, and McMahon had to face a federal trial. He was accused of distributing the performance-enhancing drugs and forcing his wrestlers to take them.
A former wrestler Kevin "Nailz,” Wacholz testified as a witness speaking against McMahon’s favor, but his credibility was questioned after he publicly said that he hated Vince.
The trial took place in 1994, and the jury later acquitted him of all charges.
Vince McMahon was born Vincent Kennedy McMahon on August 24, 1945, in Pinehurst, North Carolina, U.S to Vincent J. McMahon and Vicky Askew.
He has a brother named Roderick James McMahon III (Rod). Vincent J. McMahon left his family when Vincent Kennedy McMahon was a baby but took Rod with him. Vince met his father at the age of 12.
McMahon went to Fishburne Military School and later, East Carolina University.
The Alpha entertainment founder McMahon is married to Linda McMahon as of February 2020. The pair met when they were just teenagers at church. They got married on August 26, 1966, in New Bern, North Carolina. They have two children Shane and Stephanie McMahon.