The Chairman of the Board in WWE is one of the billionaires present in America, but unfortunately, he’s not in the top 400 wealthiest list anymore. Vince McMahon net worth has failed to make it to Forbes’ list of richest persons around the United States and it comes as a surprise. The more shocking part is that his rival brand owner is present on that list.
Forbes publishes an annual list of 400 richest Americans every year and 2020 was no exception. For the 39th time, the list has been out, and it’s notably missing the Kanye West or Vince McMahon net worth.
Vince McMahon Net Worth: WWE Chairman Not On Forbes 400 List Anymore
Forbes mentioned that a record of 233 billionaires from the United States did not make the list in 2020 that is 12 more than last year. For the third year in a row, the criteria were that these richest persons would need to have a net worth of $2.1 billion or higher to claim a spot on the 39th annual Forbes 400 list.
Vince McMahon Net Worth: Details On Vince McMahon Salary And Properties
Vince McMahon’s net worth now stands around $1.8 billion, to date which wasn’t definitely enough to make it to the list. It was noted in the reports that the XFL bankruptcy, earlier this year, and dropping of a profit margin due to the COVID-19 pandemic played a big part in McMahon’s non-listing.
In the meantime, AEW owner Shad Khan was part of the list residing at the #66 spot as he has a net worth of $7.8 billion. He is way more ahead of Vince McMahon net worth. Here’s a synopsis Forbes put for the CEO of WWE,
“The chairman and CEO of World Wrestling Entertainment (WWE) fell off the list this year as shares of his media and live events company slid 30% in the first seven months of 2020. In April, WWE announced it had furloughed “a portion” of its workforce and reduced executive and board member salaries, resulting in an estimated monthly savings of $4 million. McMahon spent some $200 million to relaunch an NFL competitor called XFL this year. In March, the coronavirus forced XFL to cancel its 2020 season, and, weeks later, the company filed for bankruptcy.”
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There’s good news for Vince McMahon net worth, though, as he and his company made a ton of money, last quarter. It’s certain that if The Boss and his team can continue making smart business moves, he could be back on the list in 2021.
As mentioned above, Forbes listed Vince McMahon net worth at $1.7 billion as of September 8. The 75-year-old wrestling promoter ranked #1,196 on the Billionaires 2020 list whereas he’s on #296 on the Forbes 400 2019 list.
