Vince McMahon Net Worth
Vince McMahon net worth: Vince McMahon is an American professional wrestling promoter, commentator, film producer and occasional wrestler who has a net worth of $1 billion. Vince McMahon was born on August 24, 1945 in Riverhurst, North Carolina. Vince is most famous for being the Chairman, CEO and majority shareholder of World Wrestling Entertainment (WWE), a company that once belonged to his father. McMahon began working for his father in 1971 when he was given the responsibility to promote a small wrestling show. He did well and, over time, received a much more prominent role in the organization. When his father died in 1984, McMahon and his wife took control of the still modestly-sized company. Vince McMahon soon developed the "Rock & Wrestling Connection", a concept that brought pop stars into the storylines and gave professional wrestling a national and much broader, audience. Wrestlemania and other clever promotions soon followed. Today World Wrestling Entertainment, formerly known as the World Wrestling Federation (WWF) is a multi-billion dollar enterprise. Vince McMahon owns roughly 57% (39.9 million shares) of WWE's Class A common stock. As of May 2014, WWE is trading at a price per share of $11.09 which means Vince's stake is worth $480 million. Vince and his family live in Greenwich, Connecticut which is a roughly 30 minute drive from WWE's corporate headquarters in Stamford, CT. His Greenwich mansion is reportedly worth $40 million.