While Vince McMahon was always referred to as a billionaire when he was regularly featured on WWE TV, his wealth actually dipped below the $1 billion mark back in the early 2000s. However, in the intervening years he has made a comeback and then some.
The past year has been a rollercoaster for McMahon. Engulfed in a sexual misconduct scandal in 2022, the WWE Chairman announced his retirement from all positions on July 22nd. His daughter, Stephanie McMahon took his place as Chairwoman and co-CEO, with Nick Khan taking the position of the second co-SEO.
However, in December it was reported that McMahon intended to return to the company, telling those around him he had “received bad advice” and believed the allegations and investigations into him would simply have blown over if he hadn’t stepped down.
In January, the reports were confirmed as Vince McMahon made a stunning power play that saw him using his position as majority shareholder to oust several Board members and install himself and two allies into their positions. McMahon’s justification for his comeback was to facilitate a potential sale of WWE.
The turmoil didn’t end there for the company, as two further Board members quit there positions, seemingly in reaction to McMahon’s return, and Stephanie made the shock announcement that she was resigning from the company entirely.
Immediately after Stephanie’s departure, Vince was unanimously elected Executive Chairman by the Board, with Nick Khan becoming the sole CEO.
What is Vince McMahon’s net worth following his comeback?
Despite fears that McMahon’s return would be a disaster for the value of the company, stocks actually rose by an impressive 8.8%, reflecting talks of a sale. The company’s success has also translated into a big increase in McMahon’s personal wealth.
According to Forbes, the WWE Chairman is now worth an astonishing $3 billion. This ranks him as number 1016 in their real-time list of the world’s billionaires. This is substantially up from their 2022 list which saw him at number 1397 with a $2.2 billion worth.
However, the now-reinstated Chairman is still far behind the super welathy at the top of the charts, with Bernard Arnault and family at an eye-watering $209 billion while Elon Musk is sitting on $153 billion.