WWE is the largest promotion across the globe, and Vince McMahon is the man who runs it. He has been pouring his blood and sweat to make the promotion the largest across the wrestling industry.
Now, it may take a significant amount of investment to grow the company and make it huge, but it also means that Mr. McMahon earns billions. In fact, Forbes listed him as a billionaire in their 2021 list. The ranks keep jumping up and down because of real time changes in current and stock prices, however, he has been estimated to be worth at least $2.3 billion.
The company’s primary revenues come from multi-billion dollar deals with streaming platforms such as Fox, NBCUniversal, and the most recent, Peacock TV. Furthermore, the company earns revenue from tickets, merchandise sale, collaborations with other promotions, and others. Additionally, the games that WWE comes up with in the 2K series.
Forbes has a real time list which reveals the billionaires at any given time. McMahon has been on this list since the beginning of 2021.
Vince McMahon draws a huge salary from WWE
WWE reported revenues that were out of the world in 2020 and 2021. While many across the globe had suffered a loss, WWE had reported a profitable year for the company.
Vince McMahon, Triple H, and Stephanie McMahon earn a huge amount as WWE salaries. It’s possible the company will increase this amount if the company witnesses a slower pace of growth.
Currently, WWE has announced that the live events will return. The company is preparing for the upcoming 25-city Summer tour which will finally allow the fans to return to the arena.
The fans’ return will assist the company in earning revenue, and growing the company’s net worth. As the company’s value increases, so does Vince McMahon’s.
Finally, the company often releases Superstars and puts budget cuts as the reason. Unfortunately, this practiced has received backlash from the fans because of the huge salaries that Vince McMahon and others are drawing from WWE.
Nevertheless, Vince McMahon will continue being a part of the billionaires list for a while now. Even though he ranks between 1000 to 1700, he’s still one of the wealthiest businessmen across America.
The post Vince McMahon Net Worth: Is WWE CEO Vince McMahon a Billionaire? appeared first on EssentiallySports.