World Wrestling Entertainment, popularly known as WWE, is an American entertainment company that is primarily known for professional wrestling/sports entertainment. Other than pro wrestling, WWE has branched out into film production, real estate, and other notable ventures.
WWE was founded in 1952 by Jess McMahon and Toots Mondt and was initially known as the Capitol Wrestling Corporation. As of 2024, WWE is the largest pro wrestling company in the world, hosting over 500 live events a year, and has a roster that consists of over 200 wrestlers from several notable brands. WWE is available to more than 40 million viewers in more than 150 countries across the world. The company also has its own Performance Center in Orlando, Florida. The WWE Global Headquarters is located in Stamford, Connecticut.
McMahon Family Net Worth
The former Chairman of WWE is Vince McMahon, who held roughly 30% of TKO's shares at the time of WWE's sale. Vince McMahon’s daughter, Stephanie McMahon, and his son-in-law, Triple H, are also shareholders of the company. Stephanie held the position of Chairwoman and Co-CEO after her father retired at the age of 77 in July 2022. On January 10th, 2023, however, Stephanie McMahon announced her resignation from the company.
The current incarnation of WWE was previously known as Titan Sports, Inc., which was founded by Vince McMahon and his wife, Linda McMahon, and was eventually renamed the World Wrestling Federation, Inc. (WWF) in 1998. In 2002, the company officially rebranded itself as World Wrestling Entertainment, Inc. (WWE).
WWE Net Worth 2024
As of 2022, WWE's market capitalization is listed as $6.87 billion. Despite viewership hiccups, WWE has been doing mighty fine in the revenue department. The company made an astonishing US$1.2915 billion in 2022, the highest in WWE history. The sharp rise in revenue was largely helped by the huge increments in media and operating income, which rose to around USD 259 Million.
WWE also recently signed a historic deal with Netflix, which will host Monday Night RAW and the company's Premium Live Events and specials beginning in January 2025. The contract is for 10 years and is valued at $5 billion. Meanwhile, SmackDown recently moved back to USA Network after a multi-year run on FOX.
With WWE's market cap being upwards of $8.4 billion as of 2023, the salaries of WWE wrestlers remain another interesting topic. Brock Lesnar is currently the highest-earning WWE wrestler, followed by Roman Reigns.
Multi-time World Champion Charlotte Flair leads the women's roster, followed by Bianca Belair and Alexa Bliss.
| Founded | 21 February 1980 |
| WWE Net Worth 2024 | $8.37 billion |
| WWE Executive Chairman | Vince McMahon |
| Headquarters | Stamford, CT |
| Charity | Make-A-Wish Foundation |
Also Read: Everything about WWE Stocks
Major Changes in WWE shares in the past decade
2014- Vince McMahon loses his position as a billionaire
In 2014, WWE Chairman Vince McMahon lost a total of $350 million, as WWE shares took a beating from investors. The stock went down more than 40% and immediately knocked Vince McMahon out of the billionaire ranks, putting his net worth now at an estimated $750 million.
2016- Vince McMahon billionaire once again
In 2016, Vince McMahon once again rose to the billionaire ranks after adding over $100 million to his net worth within the span of seven weeks. WWE shares also increased up to 18% since the second week of February. This also increased Vince McMahon's worth to $1.1 billion thanks to his 52% stake in WWE.
2018- Vince McMahon back on Forbes 400
In 2018, Vince McMahon led the pack of returnees in the Forbes 400 list of richest Americans. The WWE Chairman made it to the list for the first time since 2002 after a $1.6 billion increase in his net worth.
WWE Historical Net Worth
| Year | Market capitalisationn | Change |
|---|---|---|
| 2023 | $6.87 Billion | 34.89% |
| 2022 | $5.09 Billion | 36.28% |
| 2021 | $3.74 Billion | 0.08% |
| 2020 | $3.73 Billion | -26.65% |
| 2019 | $5.09 Billion | -12.59% |
| 2018 | $5.83 Billion | 147.25% |
| 2017 | $2.35 Billion | 67.73% |
| 2016 | $1.40 Billion | 3.82% |
| 2015 | $1.35 Billion | 45.39% |
| 2014 | $0.93 Billion | -25.2% |
| 2013 | $1.24 Billion | 111.11% |
| 2012 | $0.58 Billion | -14.96% |
| 2011 | $0.69 Billion | -34.18% |
| 2010 | $1.05 Billion | -6.43% |
| 2009 | $1.12 Billion | 39.64% |
| 2008 | $0.80 Billion | -23.89% |
| 2007 | $1.05 Billion | -8.52% |
| 2006 | $1.15 Billion | 14.23% |
| 2005 | $1.01 Billion | 21.92% |
| 2004 | $0.83 Billion | -7.17% |
| 2003 | $0.89 Billion | 58.07% |
| 2002 | $0.56 Billion | -40.82% |
| 2001 | $0.95 Billion | Data begins |
FAQs
Former WWE Chairman Vince McMahon enjoys a net worth of $3.2 billion. His son, Shane McMahon, is worth $35 million, while his daughter, Stephanie McMahon Levesque, possesses a net worth of $45 million. Vince McMahon's wife, Linda McMahon, who was also a former US Cabinet Minister, has a reported net worth of $1.35 billion.
WWE is a multi-billion dollar publicly traded company. Although there are many shareholders, the company is currently owned by TKO Group Holdings, which also owns UFC.
