The World Wrestling Entertainment, popularly known as WWE, is an American entertainment company that is primarily known for Professional Wrestling. Other than Pro Wrestling, WWE has also branched out into other fields including movies, real estate, and other notable ventures.
Generally known for its Pro Wrestling promotion, the WWE was founded in 952 by Jess McMahon and Toots Mondt and initially was known as the Capitol Wrestling Corporation. As of 2019, WWE is the largest Pro Wrestling company in the world, hosting over 500 live events a year, and with a roster that consists over 200 wrestlers over several notable brands. WWE is available for about 36 million viewers in more than 150 countries across the world. The company also has its own Performance Center in Orlando, Florida. The WWE Global Headquarters is located in Stamford, Connecticut.
McMahon Family Net Worth
The Chairman of WWE is Vince McMahon who retains a 42% ownership of the company's outstanding stock and 83% of the voting power. Vince McMahon’s daughter Stephanie McMahon and his son-in-law Triple H are also shareholders of the company.
The current incarnation of WWE was previously known as Titan Sports, Inc., which was founded by Vince McMahon and his wife Linda McMahon and was eventually renamed to the World Wrestling Federation, Inc (WWF) in 1998. In 2002, the company officially rebranded itself as the World Wrestling Entertainment, Inc. (WWE).
WWE Net Worth 2019
As of July 16, 2019, the WWE net worth is listed as $5.71 billion. Despite viewership hiccups, WWE has been doing mighty fine in the revenue department. In the second quarter of 2018, it recorded a revenue of $281.6 million - a 31% increase, the highest in WWE history. The sharp rise in revenue was largely helped by the huge increments in media and operating income which recorded a 48% and a 43% increase respectively.
WWE has also recently signed a new broadcast deal with the USA Network and with FOX Sports, who will be telecasting SmackDown Live from 1st October 2019. This deal will also increase the average annual value of WWE 3.6 times more than the previous deal with NBCU.
With the WWE Net Worth currently being over $5 billion, salaries of WWE wrestlers remains to be seen as another interesting topic. Current Universal Champion, Brock Lesnar is currently the highest-earning WWE wrestler, followed by John Cena, and Roman Reigns.
Former UFC fighter and Raw Women’s Champion, Ronda Rousey leads the line in terms of female WWE wrestlers followed by Charlotte Flair, and Nikki Bella.
|Founded||21 February 1980|
|WWE Net Worth in 2019||$5.71 billion|
|WWE Chairman||Vince McMahon|
Major Changes in WWE shares in the past decade
2014- Vince McMahon loses his position as a billionaire
In 2014, WWE Chairman Vince McMahon lost a total of $350 million, as WWE shares took a beating from investors. The stock went down more than 40% and immediately knocked down Vince McMahon out of the billionaire ranks, putting his net worth now at an estimated $750 million.
2016- Vince McMahon billionaire once again
In 2016, Vince McMahon once again rose to the billionaire ranks after adding over $100 million to his ranks within the span of seven weeks. WWE shares also increased up to 18% since the second week of February. This also increased Vince McMahon’s to $1.1 billion thanks to his 52% stake in WWE.
2018- Vince McMahon back on Forbes 400
In 2018, Vince McMahon led the pack of returnees in the Forbes 400 list of richest Americans. The WWE Chairman made it to the list for the first time since 2002 after a $1.6 billion increase to his net worth.