Vince McMahon Net Worth

Vincent Kennedy McMahon is an American professional wrestling promoter and executive, alongside being an entrepreneur, film producer, and actor. McMahon is the former Executive Chairman of WWE, the business that he bought from his father and took to further heights. McMahon had previously served as the CEO and Chairman of the company for 40 years.

Vince McMahon is ranked #1286 in the Forbes list of Billionaires 2024 and was named in the Forbes 400, the list of richest Americans in 2019. Born in a trailer park in North Carolina, he joined his father’s wrestling company in 1972. 10 years later, he purchased the business and changed its status from a regional operation to a global phenomenon. McMahon changed the way people perceived professional wrestling and made WWE the billion-dollar enterprise that it is today. Vince introduced elaborate storylines, flashy costumes, and music to wrestling entertainment and turned it into an immersive experience, something to which audiences had never been introduced.

Also Read: How much did Vince McMahon pay for WCW?

What is Vince McMahon's Net Worth in 2024?

As of 2024, Vince McMahon’s net worth is listed at $3.2 billion. The figures seem even more impressive when you consider the fact that Vince had invested $500 million to resurrect the XFL. However, he had to sell the American Football Company due to the impact of COVID-19. A consortium led by Dwayne Johnson purchased the XFL from Mr. McMahon.

The rise in Vince McMahon’s net worth is directly related to the four huge deals that WWE signed in recent years, one with FOX Sports and the other with Saudi Arabia sports authority. The third deal took place in April 2023, when the Endeavour group, which is also the owner of UFC, announced the acquisition of WWE and its merger with UFC to form a multi-billion dollar entertainment company. The resulting merger was 51% owned by UFC and 49% by WWE. The announcement of this deal led to an increase in the net worth of the former WWE Chairman. The fourth deal took place in 2024 when he reportedly sold his remaining shares of TKO, bringing an era to an end.

Vince McMahon's House

As per The Sun, Vince McMahon, the former WWE CEO, owns a luxurious mansion in Greenwich, Connecticut, nicknamed Conyers Farm. This three-story estate boasts nine bathrooms, a gym, and a guest room, and is surrounded by lush greenery and open spaces. The 10-acre property also features a swimming pool and a designated conservation area.

The mansion's entrance is marked by two large white gates and a long driveway leading to the house, with a fountain in the front yard. The property also includes a large garage adjacent to the front yard and two spacious gardens on either side of a corridor behind the house. The house has a massive conservatory area, adding to its grandeur. While the exact current value is unknown, it was estimated to be around $40 million in 2006. This opulent residence reflects McMahon's success and provides a serene retreat for him and his family.

Vince McMahon Car Collection

Vince McMahon, the former CEO of WWE, owns a collection of impressive cars that reflect both luxury and speed. Here's a rundown of his garage, as per HotCars.

Vince McMahon XFL

In 2001, McMahon ventured into the world of American football when he created a professional football league of his own, dubbed the XFL, in which he tried to infuse professional wrestling with professional football by bringing in WWE personalities such as Jesse Ventura, Jim Ross, and Jerry Lawler as part of the on-air commentary team alongside veteran sports personalities and pundits.

The league, however, lasted only one season before ultimately getting disbanded. On January 25, 2018, McMahon announced that he would revive XFL without its sports entertainment features, and the new season would start in 2020. The league could run only for five weeks and had to be stopped due to COVID-19 hitting the globe. Soon, XFL filed for bankruptcy and was announced to be sold at an auction. However, a consortium led by Dwayne Johnson purchased XFL just hours before the said auction was scheduled to take place.

How much of WWE does Vince McMahon own?

Vince McMahon is no longer the majority shareholder of WWE after the company's sale to the Endeavour Group. He reportedly owns no shares of WWE or TKO anymore. After retiring from WWE in 2022, McMahon returned in 2023 to sell the company and became one of the directors of the TKO Group. However, soon, due to the Janel Grant Lawsuit, McMahon and TKO cut ties, and he went on to sell all his holdings in the company.

Businesses and Endorsements of Vince McMahon

In 2017, McMahon started an entirely different company called Alpha Entertainment. It was a sports-based company without any of WWE's involvement. In March 2019, Vince McMahon sold about 3.2 million WWE shares to fund the new venture. The fund raised by selling WWE shares was more than $270 Million and was used to help the XFL.

Vince McMahon's Social Media

Vince McMahon has an official Twitter account with the handle @vincemcmahon. While he is not very active there, McMahon posts important updates about his career on Twitter.

Retirement

Vince McMahon

@VinceMcMahon

At 77, time for me to retire. Thank you, WWE Universe. Then. Now. Forever. Together. #WWE #thankful

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At 77, time for me to retire. Thank you, WWE Universe. Then. Now. Forever. Together. #WWE #thankful

On the 22nd of July 2022, Vince McMahon tweeted that he was retiring from the WWE. The next year, he sold the company and returned to the Board of Directors of the newly formed TKO Group Holdings. However, in 2024, it was reported that McMahon had sold all his shares of TKO and was no longer involved with WWE in any way.

Also Read: The real amount Vince McMahon invested into the XFL

McMahon's Family Net Worth

The McMahon family had been the principal owners of WWE since its inception. Before the company was sold to Endeavour, The McMahon family was reported to own a total of 55% of the shares of the company. WWE's shareholders were given 49% of TKO Group, and Vince McMahon soon owned around 9.941% of the company. Later, it was reported that he sold all his shares in TKO.

Vince McMahon's Wife

Vince met his wife Linda when he was 16 and she was 13. Their mothers worked at the same office. They dated throughout their high school years. Shortly after completing their respective graduations, Vince McMahon proposed to Linda. They got married when Linda was just 17. They walked down the aisle on August 26, 1966, and have two children and six grandchildren.

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