Vince McMahon’s Exit from WWE Proves to Be Blessing in Disguise for the Company

Last week on Friday, Vince McMahon suddenly announced his retirement from all the roles of WWE. It came as a surprise for many key people in the wrestling world and clearly for the WWE universe as well.

Stephanie McMahon opened last week’s SmackDown episode and paid tribute to her father Vince McMahon. Meanwhile, many assumed WWE will face problems after Mr. McMahon’s departure. However, that isn’t the case for the stock value of WWE on the NYSE.

Recently, wrestling analyst Bradon Thurston, who is famous for posting the financial news of WWE, shared a tweet. In the tweet, he shed a light on the increasing stock value of WWE shares in the market on 25th July 2022.

As per Thurston’s tweet, WWE shares saw a tremendous hike in the NYSE on Monday after Vince McMahon announced his retirement on Saturday. Before sharing the information about the closing bell, the former Indie wrestler shared a previous tweet about Mr. McMahon’s shares.

In his previous tweet, Thurston shared WWE stock valued at $71 since noon. Before the bell, Mr. McMahon’s 28.7 million shares were valued at $150.5 million in total on Monday. Moreover, he shared the stock price was $66.22 on Friday when Vince McMahon announced his retirement the same evening.

It seems the post-Vince era in WWE has started with a bang, both in the market and on-screen products. WWE announced itself as a public company in 1999. Previously, it was named World Wrestling Federation Entertainment Inc. and was sponsored by Titan Sports, Inc. 

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How much net worth does Vince McMahon have?

Vince McMahon announced his retirement from all the roles of WWE ahead of the latest SmackDown episode. After his retirement (Chairperson) Stephanie McMahon and (President) Nick Khan are Co-CEOs of WWE. However, he will hold the major part of the shares of WWE by holding a total of 51% of the company.

According to FORBES, the net worth of Mr. McMahon, at his current age of 77 years old, is $2.4 billion. On top of that, all the money he has earned has been generated from WWE only. He does not have any other source of income apart from WWE.

McMahon is a money-oriented person when it comes to the business aspects of WWE. He has always tried to portray things that will generate more money. However, he struggled initially but later minted a lot of money through WWE.

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