Vince McMahon was born in Pinehurst, North Carolina, on August 24, 1945. Both Victoria and Vincent McMahon gave birth to him. Vincent McMahon, his father, tragically abandoned the family when he was a child. As a result, the young kid was forced to live with his mother and a number of step-parents. McMahon recalls numerous terrible interactions with these stepfather figures, one of whom would often beat his mother.
Vince McMahon eventually met his paternal father, Vincent, when he was twelve years old. Vincent McMahon was a wrestler promoter for Capitol Wrestling Corporation at the time. Vince was enthralled by the wrestlers’ physical strength and was certain that this was what he wanted to achieve with his life. His father, on the other hand, informed him that promoters do not wrestle or interact with their wrestlers.
Vince would accompany his father on excursions to Madison Square Garden, eager to follow in his father’s footsteps. Vince’s desire to be a wrestling promoter was spurred even more by this. Vince attended and graduated from Fishburne Military School in Virginia, where he lived. Following that, he earned a business degree from East Carolina University in 1968.
Vince is best known as the Chairman, CEO, and primary stakeholder of World Wrestling Entertainment (WWE), which his father created. McMahon started working for his father in 1971 when he was tasked with promoting a local wrestling event. Vince became the go-to play-by-play commentator for All-Star Wrestling after serving as the in-ring announcer.
He fared well, assisting his father’s company in tripling TV syndication, and he rose through the ranks of the corporation to a much more prominent position over time. When his father died in 1984, McMahon and his wife took over the company, which was still small at the time.
He enlisted the aid of Hulk Hogan to serve as the company’s face. Soon after, Vince McMahon created the “Rock & Wrestling Connection” a concept that included pop stars in the plots and gave professional wrestling a national, and much bigger, following. Wrestlemania and other ingenious promotions followed soon after.
McMahon built the WWF into a distinct brand of sports entertainment, which helped make wrestling a household name. World Wrestling Entertainment (WWE), previously the World Wrestling Federation (WWF), is now a multibillion-dollar corporation.
McMahon has participated in the ring on occasion and has held the WWF and ECW World Championships. A star on the Hollywood Walk of Fame has been bestowed upon him. Shane McMahon and Stephanie McMahon, McMahon’s children, have also been active in the organization, both on and off camera. His wife, Linda McMahon, was also a WWE star and was selected by President Donald Trump as the Administrator of the Small Business Administration in 2017.
Since December 1997, McMahon has had a long-running feud with Stone Cold Steve Austin. It all started when McMahon talked about the alleged assaults Austin had carried out against himself and other commentators on TV.
McMahon said on life in the fall of 1998 that he was “sick and tired” of watching Austin as the WWF Champion and that he’d devised a “master plan to remove the championship” to take the title away from him. Austin then drove a Zamboni into the WWF ring and assaulted McMahon. He was quickly apprehended.
In January 2007, Vince began a well-known dispute with Donald Trump. After Trump vowed to fight McMahon himself, the two agreed to have a representative grapple for them. McMahon’s wrestler was defeated in the match.
Real Estate and Personal Life
Vince and Linda McMahon married in North Carolina on August 26, 1966. They met as young teenagers at church. Shane and Stephanie, who have both worked in the family business, have two children and six grandkids. Vince and his family live in Greenwich, Connecticut, about a 30-minute drive from WWE’s headquarters in Stamford, Connecticut. His Greenwich home is estimated to be worth $40 million. Vince also has a $12 million Manhattan condominium and the sports boat “Sexy Bitch”
At one point, McMahon pretended to die. On June 11, 2007, WWE presented a skit in which Vince entered a limousine minutes before it detonated. The show went off the air, then WWE returned to announce that McMahon was assumed dead. On June 25, 2007, McMahon admitted that he was not deceased, but that his death was part of a made-up character’s backstory. He stated that he staged his own death to discover how people really felt about him.
McMahon has contributed to a number of Republican Party causes, including America Rising, a research and tracking organization. He gave the Donald J. Trump Foundation $5 million. The McMahons also gave the Fishburne Military School, Sacred Heart University, and East Carolina University $8 million in gifts.
In 1992, McMahon was charged with sexual assault in connection with a 1986 incident with Rita Chatterton, a former WWF referee. In 2006, a bartender in Boca Raton, Florida, accused him of sexual harassment. In neither case, formal charges were filed.
2022 Vince McMahon Net Worth
Vince McMahon has a net worth of $2 billion dollars as of April 2022. The majority of his profits came as pay for his job as WWE chairman over the years. He also invested in a number of companies, real estate projects, and professional sports teams in addition to his renowned position.