Vince McMahon has a ton of money and his name was recently featured alongside some very heavy-hitters. 500 of the most influential business leaders shaping the $2.2 trillion entertainment industry certainly includes Vince McMahon.

Variety recently put out the yearly Variety 500 list and Mr. McMahon made the cut. Under his name they wrote a caption describing how he is a titan of industry.

“Last year, McMahon metaphorically circled the ring with the WWE, arms aloft in victory, after signing separate five-year deals with USA Network and Fox Sports to carry its ‘Monday Night Raw’ and ‘SmackDown Live,’ estimated to generate revenues rising from $311 million in 2019 to $462 million in 2021. And then the WWE itself was dropped to the mat a few times. When Q2 2019 earnings were released in July, its stock price had dropped 31% from a record high of about $99.43 in April, and average ‘Raw’ viewership was down 20% from the same quarter in 2018. Finally acknowledging the decline, this summer McMahon hired Paul Heyman (‘Raw’) and Eric Bischoff (‘SmackDown’) to run the shows, and hopes are high for a turnaround.”

WWE has a few pipelines of income that will keep the company afloat and doing very well for some time to come. Both Fox and Saudi Arabia have big money deals that are probably going to keep Vince McMahon on lists like these for a while.

Felix Upton

Felix Upton is a seasoned writer with over 30 years of experience. He began his career writing advertisements for local newspapers in New York before transitioning to publishing news for Ringside News. His expertise includes writing, editing, research, photo editing, and video editing. In his free time, he enjoys bungee jumping and learning extinct languages.

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