We recently reported here at WrestlingRumors.net that WWE Chairman and CEO Vince McMahon lost $340 million in one day, causing him to lose his billionaire status.
According to the Wrestling News Observer, that only begins to scratch the surface of just how bad a year McMahon is having.
$340 million is a good sum of dough, but in total, McMahon is reported to have lost over $800 million this past year.
Sources within WWE indicate that McMahon has more of a problem with not being a billionaire than he does with the actual money being gone. He feels that it’s just a matter of time before he recoups his losses, though.
McMahon is presumed to be worth just over $700 million.
For more on why WWE and McMahon have taken such a financial blow, click here.
Editor’s Note
McMahon loses hundreds of millions of dollars and still has all the money in the world. I wish I had that problem.
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