Vincent Kennedy McMahon is the CEO of World Wrestling Entertainment. In addition to running the world’s largest wrestling promotion, McMahon produces films, acts and even appears in the ring as a wrestler on occasion. He is also a board member of Sacred Heart University and a former board member of the Connecticut State Board of Education. He was born in Pinehurst, North Carolina on August 24, 1945. He has been married to his wife Linda McMahon since 1966, shortly after both graduated from high school. They have two children together; Shane McMahon (born in 1970) and Stephanie McMahon (born in 1976.)
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2. Income & Salary
McMahon got his start as a promoter and ring announcer in the 1970s, and by 1980 had become chairman of the company. McMahon’s aggressive expansion of the promotion and family-friendly marketing directly led to the boom in professional wrestling in America in the 1980s, with wrestler Hulk Hogan becoming the face of this new trend in the business. Strong attendance and viewership has continued through the 1990s and into the 2000s. The company’s annual Wrestlemania events consistently bring in tens of millions in revenue, with the recent Wrestlemania 29 earning $72 million. The company also takes in about $75 million annualy in TV rights as well as about $48 million in combined revenue from DVD and licensed merchandise sales.
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3. Estimated Net Worth
McMahon’s personal net worth was estimated at $500 million in 2012 and at $589 million in 2013. The current enterprise value of his company is about $800 million, with $152 million in cash, $381 million in total assets, and zero debt.