Vince McMahon Recognized as Billionaire by Forbes

Tim Keeney@@t_keenContributor IMarch 4, 2014

Vince McMahon, husband of Republican U.S. Senate candidate Linda McMahon, speaks to an audience during a WWE fan appreciation event in Hartford, Conn., Saturday, Oct. 30, 2010. Former World Wrestling Entertainment CEO McMahon is battling Richard Blumenthal, the Connecticut  Attorney General, for the senate seat being vacated by the retiring Sen. Chris Dodd.  (AP Photo/Jessica Hill)
Jessica Hill/Associated Press

It's time to rest easy, WWE fans. Vince McMahon is a billionaire again. 

The WWE chairman's wealth dropped below $1 billion back in the early 2000s, but according to Forbes, he has now officially risen above the fairly unfathomable threshold, clocking in as the 1,372nd-richest person in the world with a net worth of $1.2 billion. 

McMahon later acknowledged the recognition on Twitter:

Apparently the PG Era is working out pretty well.      

GREEN BAY, WI - JUNE 22:  Vince McMahon (L) and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport on June 22, 2009 in Green Bay, Wisconsin.  (Photo by Mark A. Wallenfang/Getty Images)
Mark A. Wallenfang/Getty Images

The Pinehurst, N.C., native purchased the World Wrestling Federation from his father in 1982, transforming the business from a relatively small regional operation into a worldwide powerhouse.

McMahon's company has slowly progressed from The Attitude Era to the Ruthless Aggression (when it was changed to WWE) Era to what is now known as the PG Era, which refers to the TV-PG rating. 

Many don't like what the WWE has become during the current era. Complaints about everything from the storylines to the paths of popular wrestlers (ahem, Daniel Bryan) seem to run rampant these days, but it's clear that as the WWE becomes more family friendly, people still tune in, still attend events all over the world, still buy merchandise and still make Mr. McMahon oodles of money. 

And with the introduction of the WWE Network in February, McMahon's wealth is only likely to grow. 

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Priced at $9.99 per month, the online subscription gives fans access to on-demand video dating back to the first WrestleMania, as well as a 24/7 live feed of programming—which includes pay-per-views. 

The NFL and Major League Baseball have networks, "so why wouldn't we have our own?" McMahon said, via USA Today's Brian Truitt. "You just need to be able to do it at the right time and in the right way, and I think we have that."

McMahon has had some failures, most notably the XFL. But most of his ventures and business decisions have worked out swimmingly. And if this new network is as successful as anticipated, he should only continue to climb Forbes' list. 

The only thing that's left is an official Battle of the Billionaires match at WrestleMania XXX. 


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