Vince McMahon net worth

Vince McMahon’s sexual abuse and human trafficking allegations loom over him and his empire. The entertainment manager’s net worth took a hit after a former WWE employee came forward with allegations in early 2024.

Vince McMahon bought the WWE from his father (then it was the World Wrestling Federation) and transformed it into a multi-billion dollar empire with the familiar faces of Hulk Hogan, Dwayne “The Rock” Johnson and John Cena. His family was deeply involved in how the company was run – with his wife Linda co-founding the company and his daughter Stephanie taking over his position after his retirement – ​​as well as their own WWE storylines. McMahon was known on the small screen as Mr. McMahon, a fictionalized version of himself who wreaked havoc in the ring with catchphrases like “You’re fired!”

Related: See the Alleged Explicit Texts Between Vince McMahon and a Former WWE Employee After She Accused Him of Sexual Assault and Human Trafficking

However, in recent years, McMahon’s legacy has been tarnished by a slew of allegations, prompting him to step down from his position.

What is Vince McMahon’s net worth?

Vince McMahon’s net worth is $2.5 billion according to Forbes. WWE merged with UFC to form TKO Group Holdings, of which Endeavor has a majority stake. After being accused by a former WWE employee in 2024, he sold 5.35 million TKO shares worth $412 million in March 2024. He previously owned 20.4 million TKO shares last November and as a result will still own approximately 15 million shares. in the company. In April 2024, Endeavor agreed to purchase 1.64 million shares of McMahon’s TKO common stock (also at $89.01 per share) for a total of $146.2 million.

This isn’t the first time McMahon has stepped down from his role. In 2022, he stepped down as CEO and chairman of WWE after being investigated by the WWE board. His daughter Stephanie replaced him, but he returned as president of the organization.

Who is suing Vince McMahon?

Vince McMahon is being sued by Janel Grant for sexual abuse and human trafficking. In May 2024, Grant agreed to suspend her civil case, while McMahon is the subject of a federal investigation to determine whether federal law was violated. In 2022, the WWE began investigating a $3 million hush money settlement by McMahon, which ultimately involved four victims who were paid a total of $12 million. Grant claimed that McMahon agreed to pay her $3 million in 2022 in exchange for an NDA, but stopped paying after just $1 million.

In 1992, Rita Chatterton, the WWE’s first female referee, accused McMahon of rape and reached a settlement with her in 2023. He also faced allegations of sexual harassment in 2011 by a sun bar employee in Boca Raton, Florida.