Vince McMahon Named to Forbes' 2018 Billionaires List at $1.7B

Mike Chiari@mikechiariFeatured ColumnistMarch 6, 2018

EAST RUTHERFORD, NJ - FEBRUARY 16: Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. (Photo by Michael N. Todaro/Getty Images)
Michael N. Todaro/Getty Images

WWE Chairman and CEO Vince McMahon was named to Forbes' annual list of billionaires on Tuesday.

According to the magazine, McMahon has a net worth of $1.7 billion, which makes him the 1,394th wealthiest person in the world along with several others.

The 72-year-old McMahon is back on the list for the second consecutive year after narrowly missing out in 2016.

Forbes' Kurt Badenhausen reported in April 2016 that while McMahon just missed the billionaire cutoff for that year's list that was published two months prior, he managed to reach the threshold.

It marked a major comeback for McMahon, whose net worth dropped by $350 million in May 2014 after WWE's stock plummeted, per Forbes' Dan Alexander.

WWE reported a 2017 fourth-quarter revenue of $211.6 million in February, which was a 9 percent increase compared to the fourth quarter of 2016.

It also reported an overall 2017 revenue of $801 million, which was the highest in the company's history.

McMahon first became a billionaire after WWE's stock went public in 1999, and since returning to billionaire status in 2014, his wealth has steadily climbed.

In addition to WWE, McMahon founded Alpha Entertainment in 2017.

Under that umbrella, McMahon announced the return of the XFL football league in January, with play set to begin in 2020.

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