Fifthince McMahon has always been one of the most successful businessmen in the USA, thanks to his work with him WWE Turn him into a billionaire once upon a time.
However, in the midst of a new sexual misconduct scandal involving the WWE president, McMahon He agreed to step back from the Board of Directors’ responsibilities for the duration of the investigation.
Although he will not be present on the board, McMahon He will remain a part of the organization’s television programming and stories, with his next appearance scheduled to be Friday evening.
Is Vince McMahon still making money?
Much of the capital that the McMahon family earned was pumped back into the company for a number of years, although a number of stock sales increased McMahon’s fortune.
In 2017, he sold 3.34 million shares bringing him a grand total of $100 million, although that money was immediately put into the XFL Project.
In April of 2019, McMahon sold 3.2 million shares of WWE stock, which rebounded significantly, achieving a total profit of $272 million.
What is the net worth of Vince McMahon?
McMahon’s control of WWE is determined by the 28.7 million shares of the company’s stock.
At the time of writing, he is worth around $2.76 billion though as of 2022, his net worth is estimated to be around $2.4 billion, which is a bit lower than ever.
It is unclear how this latest scandal will affect McMahon’s fortune as a person, especially if he is found to have avoided any criminal behaviour.
It remains to be seen whether he will be forced to sell his shares in the company he created, but that will only become clear after the aforementioned investigation is completed.
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