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#2 Vince McMahon loses $350 million in one day
Though not a wrestler, Vince McMahon is inextricably tied to the wrestling business. He has wrestled in matches, been in the ring many times, and has devoted a lot of time to his WWE product both on-screen and off-screen. Yet sometimes, even someone like Vince suffers from serious bad luck.
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In May 2014, Vince was negotiating a new TV deal with NBC Universal. He and his team were hoping for a huge and lucrative deal but were given something far worse. The deal was significantly worse than anything WWE had expected, and when news broke, it sent WWE’s stock price crashing.
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Investors panicked, rumors swirled, and many people lost a lot of money. But none of them lost more than Vince himself, who was reported to have lost around $350 million in a single day. THREE HUNDRED AND FIFTY MILLION DOLLARS. That is more wealth than the entire value of some developing countries.
It's hard to imagine what was going through Vince’s mind on that day. The man had long desired to be a billionaire, and one bad TV deal had effectively kicked him out of that most exclusive of clubs. Though he has since regained that fortune, one shudders at the thought of what Vince said or did to anyone foolish enough to cross him that day.
