Worth?Developing an entire entertainment corporation is no easy feat! But with skill and smart strategizing, Vince McMahon has managed to do just that. This wealthy business man, entrepreneur, and showman has been regarded as one of the most successful CEOs in the entertainment industry.
From Humble Beginnings
Vincent Kennedy “Vince” McMahon was born on August 24, 1945 in North Carolina. His father, Vincent James McMahon, divorced his mother and left him and his siblings behind when he was just a baby. It wasn’t until he was 12 years old that he met his biological father. His mother was the one who raised him and he had spent a significant chunk of his childhood watching her switch from husband to husband. He attended the Fishburne Military School in Virginia and graduated in 1964.
His father was the promoter for Capitol Wrestling Corporation. After having met his father, McMahon was set on following in his footsteps. McMahon went with his father whenever he could, going as far as Madison Square Garden just to see what the job was like. McMahon originally wanted to become a professional wrestler, but his father told him that this could not be allowed. As a promoter, McMahon had to stay on the sidelines and away from public view.
After he graduated from East Carolina University in 1968, he was quick to hurry to the World Wrestling Federation where he hoped to attain a managerial role. McMahon started out as an in-ring announcer. Soon after, he became the play by play announcer for numerous fights and gained popularity in his own right.
He accumulated a significant amount of finances and decided to purchase the WWF. He has his own vision of what the enterprise should be and quickly set out to make the necessary changes. He expanded the company and promoted in locations not limited to the United States. He employed professionals to help with the further development of wrestling characters. And finally, he banked on merchandising, upping the quality of goods and products that the brand sold. It wasn’t long before he found himself swimming in millions of dollars in profits.
Assets and Net Worth
Today, Vince McMahon is said to have an estimated net worth of $860 million USD. He has numerous estates scattered throughout the United States and enjoys a vast collection of cars and vehicles. He also owns numerous business ventures and brands that keep his funds ever thriving.