Vince McMahon Lost Almost $300 Million On Paper After WWE’s Stock Dip

ByJoseph Gibsonon November 6, 2019inArticles›Billionaire News

World Wrestling Entertainment, better known as WWE , is in the midst of some big things lately, with the program WWE SmackDown appearing on FOX for the first time last month. But it’s also seeing some difficulties on the financial side, with a dip of more than 14 percent on the stock market, thanks to disappointing financial news out of the company. And the biggest loser in all of this, at least on paper, is naturally head honcho Vince McMahon , who is estimated to have seen nearly $300 million and counting drop from his personal net worth tied up in his company’s stock.

McMahon reportedly owns about 41 percent of outstanding WWE stock, which is how he can take such a big hit when those shares see such a significant dip in value. As of this writing WWE stock sits at $55.96 per share, a drop of more than $11 compared to where it was only a few days ago, but his steepest drop happened when the market opened on October 31st, when WWE stock diminished by more than $9 per share basically overnight.

Vince McMahon Lost Almost $300 Million On Paper After WWE's Stock Dip - 1

Bryan Bedder/Getty Images

“There were rumors among talent that Vince McMahon got in some kind of disagreement in Saudi Arabia, though I haven’t been able to fully confirm that…Also, I heard nothing of it being politically motivated. This aspect is a rumor at this point.”

Much like a professional wrestling storyline, the stock market is known to bounce around somewhat erratically, so it’s possible that WWE and McMahon will be able to regain their lost ground in short order.

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