Vince McMahon Recognized by Forbes Magazine

WWE Chairman and CEO Vince McMahon was recently recognized by Forbes magazine in their “Notable Newcomers” list of Billionaires.

Net worth: $1.2 billion
Country: United States
Source of wealth: WWE
A third generation wrestling promoter, McMahon grew up in a trailer park in North Carolina and joined his father’s small wrestling company in 1972. Purchased the business 10 years later, then transformed the World Wrestling Federation from a regional operation into an international phenomenon. WWE went public in 1999 and today its programs are broadcast in nearly 150 countries and more than 30 languages.

According to PWInsider.com, although McMahon is only being recognized as a Billionaire for the first time, due to the worth of WWE stock, he has been one in the past.

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