Vince McMahon Net Worth 2023: The man who changed the face of professional wrestling

Vince McMahon is credited with the immense success of professional wrestling and expanding the wrestling business from regional to national to global market. He bought the company from his father and took it to great heights, almost establishing its monopoly in the industry. After filing for bankruptcy once, McMahon emerged as a highly successful businessman whose net worth lies in billions of dollars. Follow this article for more details on Vince McMahon’s net worth in 2023, his personal life, professional career, awards and accolades, etc.

Vince McMahon Net Worth 2023

Vince McMahon’s Personal Biography

Vince McMahon was born on August 24, 1945, in Pinehurst, North Carolina, to Victoria and Vincent James McMahon. His father was the founder of the American sports promotion company Capitol Wrestling Corporation, later renamed WWWF and known today as WWE. He left the family when Vince was a baby and took his older son with him. McMahon was raised in unstable and abusive surroundings by his mother and various stepfathers. One of his stepfathers, Leo Lupton, used to beat his mother and attack Vince when he tried to protect her. McMahon met his father at the age of 12 and became interested in professional wrestling.

McMahon met Linda Edwards in 1962 in a church when she was 13 and he was 16. Four years later, they got married at the young ages of 17 and 21 years. The couple has two children together, Shane, a retired wrestling professional, and Stephanie, a former wrestling promoter. According to some reports, Vince and Linda have separated.

Vince McMahon’s Professional Career

McMahon made his debut as a ring announcer in 1969 for the World Wide Wrestling Federation (WWWF) TV program All-Star Wrestling. He worked as a wrestling promoter in 1971 and later became the play-by-play commentator for television matches. McMahon played a prominent role in expanding and promoting the business and soon became the face of WWWF. In 1979, he renamed the company as World Wrestling Federation (WWF). One year later, Vince founded the company Titan Sports which acquired control of the WWF from his ailing father.

After purchasing WWF, Vince began to expand it nationally by signing talent from other companies. At the time, the wrestling business was run by regional promotions but Vince started promoting in areas outside of the company’s grounds. With Vince’s constant effort, the WWF expanded its fan base gathering attention from audiences all over the country.

Today, the WWF is known as WWE after changing its name in 2002 after losing a lawsuit. WWF is the trademark of the World Wildlife Fund which won the suit forcing World Wrestling Federation to be changed to World Wrestling Entertainment. In 2023, McMahon sold the company to Endeavor which merged it with the UFC (Ultimate Fighting Championship) to form a $21 billion company.

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Business outside Wrestling

Apart from WWE, McMahon opened and acquired many new businesses. However, none of them were as successful as WWE. In 1979, he purchased the team Cape Cod Buccaneers of the Atlantic Coast Hockey League. At the same time, McMahon also purchased the Cape Cod Coliseum arena which hosted pro wrestling tournaments, hockey games, and rock concerts. But due to the lack of tourists, the business mostly suffered loss.

In 1990, Vince founded the World Bodybuilding Federation but it dissolved two years later in 1992. Again in 2000, he launched a professional American football league XFL that folded after one season due to poor ratings. The league made a comeback in 2018 but again filed for bankruptcy in 2020. In 2014, Vince launched the WWE Network, an over-the-top streaming service, and in 2017 Alpha Entertainment, an organization that offers news, scores, teams, games, tickets, and other related services for XFL.

Charity Work & Philanthropy

In 2006, Vince and his wife Linda donated $2.5 million for the construction of a tennis facility in Ebensburg, Pennsylvania. In 2008, they offered grants worth $8 million to the Fishburne Military School, Sacred Heart University, and East Carolina University. The couple has also been supporting the Special Olympics since 1986.

Movies of Vince McMahon

A list ofsome of the movies that Vince McMahon has given his voice to is provided below:

1. Scooby-Doo! WrestleMania Mystery (2014)
2. The Flintstones & WWE: Stone Age SmackDown! (2015)
3. Camp WWE (2016)
4. Scooby-Doo! and WWE: Curse of the Speed Demon (2016)
5. Surf’s Up 2: WaveMania (2017)
6. The Jetsons & WWE: Robo-WrestleMania! (2016)

Major Awards won by McMahon

Check below the complete list of awards won by Vince McMahon:

Wrestling Observer Newsletter awards

• Feud of the Year (1998, 1999)
• Worst Match of the Year (2022)
• Best Booker (1987, 1998, 1999)
• Best Promoter (1988, 1998–2000)
• Best Non-Wrestler (1999, 2000)
• Most Disgusting Promotional Tactic (2003)
• Most Disgusting Promotional Tactic (2022)
• Most Obnoxious (1983–1986, 1990, 1993)
• Worst Feud of the Year (2006)
• Wrestling Observer Newsletter Hall of Fame (Class of 1996)

Pro Wrestling Illustrated

• Feud of the Year (1996)
• Feud of the Year (1998, 1999)
• Feud of the Year (2001)
• Match of the Year (2006)

World Wrestling Federation/ World Wrestling Entertainment

• ECW World Championship (1 time)
• WWF Championship (1 time)
• Royal Rumble (1999)

The Baltimore Sun

• Best Non-wrestling Performer of the Decade (2010)

Professional Wrestling Hall of Fame and Museum

• Class of 2011

Other awards and honors

• Guinness World Records – Oldest WWE Champion (September 1999)
• Star on the Hollywood Walk of Fame (2008)
• Boys & Girls Clubs of America Hall of Fame (Class of 2015)
• Honorary Doctor of Humane Letters degree from Sacred Heart University

Controversies & Allegations

McMahon was convicted in federal court in 1993 over a steroid controversy, accused of distributing steroids to his wrestlers. The main prosecution witness was WWF’s former wrestler Kevin Wacholz who testified that McMahon had ordered him to use steroids. However, when Kevin stated that he hated McMahon, his credibility was called into question and finally the jury dropped all the charges.

In 1992, McMahon was accused of sexual harassment by a former WWF referee Rita Chatterton and by a worker at a tanning bar in Miami. In 2022, the WWE board investigated a $3 million hush-money settlement made by McMahon over an alleged affair with a former employee. Other than this, the company also disclosed unrecorded payments of $19.6 million made by McMahon to settle sexual misconduct claims between 2006 and 2022. Following these incidents, Vince stepped down as CEO and chairman of WWE and later announced his retirement. However, he returned to WWE as executive chairman in 2023 and will continue to do so for the merged company as well.

Most Expensive Possessions of Vince McMahon

Vince McMahon has successfully maintained his status as       a billionaire in 2023 and his lavish lifestyle is proof of it. He owns multiple properties but his most expensive possession is his Hurlingham Drive mansion in Greenwich, Connecticut. Named Conyers Farm, the mansion is worth $40m as per its latest estimate and could even be worth more in 2023. The three-story mansion is equipped with seven bedrooms, nine bathrooms, a gym, and a guest room. Located on the outskirts of the city, the mansion is surrounded by a number of celebrity houses in the neighborhood.

Other than this lavishing property, McMahon also owns a $12 million penthouse in Manhattan, a $20 million vacation home, and a 47-foot sports yacht as well as a personal jet and luxurious limousine.

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