Vince McMahon: The net worth and salary of the former WWE Chairman

How rich is Vince McMahon?

Vince McMahon is not only one of the richest men in the USA, but also one of the richest people in the world. After all, his fortune is estimated at 2.68 billion euros . It is primarily the wrestlers of WWE who have made Vince McMahon rich. As long as the cash registers keep ringing from the various wrestling matches, his wallet will continue to fill up, even after the WWE has been sold.

Billion dollar sale of WWE

On April 3, 2023, it was announced that Endeavor (owner of the UFC) had bought the entire WWE company for $9.3 billion. At that time, McMahon owned around 38% of the shares, which corresponded to a sales price of $3.5 billion. He continued to be Executive Chairman of “TKO Group Holdings” (WWE’s holding company owned by Endeavor) and would thus continue to make WWE’s creative decisions and set its direction in the future. However, at the beginning of 2024, he had to throw in the towel at TKO due to further scandals.

Vince McMahon’s salary in WWE

Before the sale deal, McMahon renegotiated his own contract, earning a base salary of $1.2 million per year, plus $2.1 million in bonuses and $4.3 million in stock, for a total salary of $7.6 million per year as Chairman of TKO Group Holdings.

possession

His property alone, which is located in Greenwich in the US federal state of Connecticut, is worth an impressive 37 million euros . From there it is only about 30 minutes to the WWE headquarters in Stamford (Connecticut). The career of the self-made man is all the more astonishing when you consider the poor circumstances Vince actually comes from. As a third generation family member, Vincent was active as a wrestling promoter from an early age. At the time, no one could have guessed that he would become so successful. After all, Vincent Kennedy McMahon was once nothing more than a simple boy from the trailer park.

In the meantime, the WWE man has also had to endure a few serious setbacks. This was the case in 2014, for example. A few years ago,  the entrepreneur lost around 330 million euros in just one day . How was that possible? At the time, WWE entered into a deal with NBC that investors did not seem to like at all. In total, this deal would cost Vince McMahon more than 750 million euros. But even at this point, his critics already knew that the multi-millionaire would quickly recover from this shock.

Vince McMahon’s secret to his success

So what is the secret of Vince McMachon’s success? How was he able to recover so quickly from such catastrophic financial losses? The explanation for this is actually quite simple. After all, the media entrepreneur has shown early on that he has a nose for what WWE fans really want. When it comes to streaming pay-TV content , Vince McMachon is now big in the business. WWE fans actually pay money every month to be able to watch all of their wrestling heroes’ matches . Only the following four companies make more money in this area than the WWE:

• Amazon
• Hulu
• Netflix
• MLB TV (Major League Baseball TV)

Anyone who wants to subscribe to the WWE Network has to pay $9.99 per month. The company now has so many subscribers that its annual revenue is more than 141 million euros. In July 2016, it was even reported that the chairman of the WWE can now look forward to around 1.82 million subscribers . These are definitely rosy times for Vince McMahon and his family. His daughter Stephanie benefits greatly from this, as she also works part-time for the WWE company. The ex-wrestler has even bigger plans in mind. In the future, Vince McMahon wants to increase his subscriber base to more than two million users.

In addition to the shares that Vincent McMahon owns in the company, he also pays himself an annual salary. This income alone is said to have amounted to around 3.1 million euros last year. In addition to his three-story villa in Connecticut, which has a total of seven bedrooms, the multimillionaire can easily afford his 11.3 million euro penthouse in New York City . The McMahons’ holiday home is also a stately property that is said to be worth a whopping 18.8 million euros.

Vince McMahon – a textbook self-made millionaire

The typical American rags-to-riches story for Vince McMahon would have had to be invented if this dream had not already been widespread in the minds of many Americans. The entrepreneur’s success was already laid in his cradle, even though the McMahon family actually came from humble beginnings. Vince McMahon bought the WWE (then known as the World Wrestling Federation) from his father . But Vincent Junior had a vision that far surpassed his father’s dreams and made WWE the world-famous media company it is today. By hiring wrestling greats such as Hulk Hogan, Bret Hart and Dwanye “The Rock” Johnson , Vince McMahon was able to take his company to completely new heights.

When it comes to entertainment, Vincent McMahon has always wanted to set completely new standards. These efforts even resulted in the WWE boss being awarded a star on the Hollywood Walk of Fame  . This proves that the entrepreneur has really achieved great things in the field of TV, film, music and television. After all, the entrepreneur not only focused on the field of wrestling, but also founded a record company, the WWE Music Group, and a film production company called WWE Studios.

During his career, the millionaire was also able to fulfill his potential again and again. This was not only the case when he entered the ring against current US President Donald Trump in the Battle of the Billionaires. Vince McMahon was also active in the ring as a wrestler at irregular intervals. In September 1999, for example, the entrepreneur secured the title of the oldest WWE Champion of the time. The WWF Champion not only won the Royal Rumble in 1999, but Vincent Kennedy McMahon was also named ECW World Champion . The extremely wealthy entrepreneur has worked hard to earn the respect of all wrestling fans around the world. WWE’s TV content is now available to wrestling enthusiasts in around 150 countries and in more than 30 languages.