5 unique WWE facts that you should know in 2020

#2 WWE Chairman Vince McMahon's fortunes keep rising despite the pandemic

WWE Chairman, Vince McMahon

Most countries have had to enforce lockdown to varying degrees due to the COVID-19 pandemic. WWE has felt those effects, too.

WWE have had tomake several cost-cutting measures to minimize losses due to the pandemic situation. WWE Chairman Vince McMahon's ambitious XFL had to file for bankruptcy as well.

TheMiddletownPress, however, published an interesting report recently. The report stated that WWE Chairman Vince McMahon's net-worth surprisingly saw a rise between March 18 and June 17. McMahon's net worth during this time increased by $177 million. The billionaire's net worth has now risen to $1.97 billion.

WWE reportedly made substantial money over the second quarter this year. As per Dave Meltzer, the company made a profit of nearly $43.8 million.

We'll have a full story later, but WWE profits for the quarter blew past analyst expectations. They figured $11.5 million to $12 million. Actual was $43.8 million. Lots of factors, but they saved tons in producing at PC and multiple shows together.

— Dave Meltzer (@davemeltzerWON) July 30, 2020

Besides, WWE purchased EVOLVE recently. The agreement reportedly states that Vince McMahon's company will have ‘the right to use the EVOLVE name and produce events under the banner if needed.’

WWE has found a way to remain profitable despite the challenges, and Vince McMahon is only getting richer.