Vince McMahon is an incredibly wealthy man. McMahon was featured in this years Forbes’ list of billionaires coming in at #691 with $3.2 billion. Last year Forbes listed McMahon’s net worth at $1.7 billion meaning that The Chairman’s value increased by an impressive $1.5 billion in the last year. This is very interesting as during this time he cashed out $500 Million to re-boot the XFL. I’d say there should be no issues funding the new league with a bank account like this.
You can read Vince McMahon’s description as it appears on the list below.
“Vince McMahon is chairman and CEO of entertainment company World Wrestling Entertainment (WWE), which hauls in nearly $1 billion in annual revenue.
A third generation wrestling promoter, McMahon grew up in a trailer park in North Carolina and joined his father’s small wrestling company in 1972.
McMahon purchased the business 10 years later, then transformed the World Wrestling Federation from a regional operation into a global phenomenon.
WWF (now called WWE) went public in 1999; today its programs are broadcast in roughly 150 countries and more than 30 languages.
His foundation has gifted funds to the Boys & Girls Club of Stamford, CT, and Breast Cancer Alliance.”