From The XFL to WWE Raw: How Much Is Vince McMahon Worth?
Nobody can deny that Vince McMahon has become the P.T. Barnum of professional wrestling and other extreme sports. As much as he’s created a persona the public embraces, there isn’t any question he’s become one of the most successful businessmen in the world. Even if a lot of it was based on performance art rather than real sports, you can argue it’s been a little of both.
Have you ever wondered what McMahon’s net worth really is? Let’s look back at what he’s done to make a fortune on everything from the WWE to the reformation of the XFL.
From father to son
Like many corporate dynasties, Vince McMahon started in wrestling because of his father. In the 1960s, his father (Vince McMahon, Sr.) owned Capitol Wrestling Foundation, started initially in 1952 by McMahon, Jr.’s grandfather (Jess McMahon).
After the latter’s death in the early 1950s, Vince McMahon, Sr. took over the company and made it bigger than it ever was. McMahon, Jr. was brought in to do some managerial duties by the late 1960s through the new revamped company name: World Wide Wrestling Federation.
His father didn’t really want him to get involved in the business, although it was likely as addicting as the children of actors seeing their parents on the big screen.
McMahon, Jr.’s rise in power
Vince McMahon, Jr. certainly wasn’t a prodigal son, even if he was heading that way. He managed to build his father’s empire throughout the 1970s, including suggesting the rebrand into the World Wrestling Federation (WWF).
By this time, McMahon was starting to make millions in the perpetually lucrative wrestling industry. Much of this came from major syndication deals, making the WWF a big part of television history if you’re from Generation X or later.
It even led McMahon and his wife, Linda, to start their own company called Titan Sports. After McMahon, Sr. died in 1984, his son became full ringmaster.
Morphing Titan Sports into WWF/WWE
McMahon eventually changed his sports company into the World Wrestling Federation (later the WWE), turning it into the adult-oriented spectacle we all know.
He created a new type of sports entertainment that would become more like performance art while still allowing real athletic prowess. This led to the creation of a character named Mr. McMahon, basically a persona/alter ego of the real Vince McMahon.
Most of the public only knew McMahon through this character (plus his recurring WWF commentary), making him a bit of a mystery for years. It’s still rare to see him as he really is, blurring the line of what’s real and what isn’t. The fact that he and Donald Trump were (and still are) friends makes you wonder if Trump learned a lot from McMahon.
McMahon eventually expanded his interests, including an initial risk: The XFL.
From a failed XFL to a rebranded XFL
McMahon has expanded considerably into other sports investments, including bodybuilding. XFL was intended to reinvent football into a more extreme and entertaining sport than what the public had seen.
It didn’t go over well initially and soon became defunct. Yet, McMahon recently announced they’re rebranding the idea for 2020 and bringing eight new teams to specific cities.
As crazy as it sounds, he cashed out $100 million in WWE stock to make this dream a reality.
He can certainly afford it, even if losing money.
McMahon’s total worth
Did you know McMahon made it back onto the Forbes Top 400 billionaires list this year? WWE’s fortunes increased throughout 2018, making him worth $3.3 billion as of this writing.
As one of the wealthiest entertainers in the world, will a new XFL make him into the first trillionaire before he’s 80? Based on his history of defying the odds and creating shows the public laps up, he may end up wealthier than his friend, President Donald Trump.