WWE stands for World Wrestling Entertainment, and it is an American entertainment organisation best known for professional wrestling. WWE has ventured into other sectors, including film, real estate, and other prominent businesses, in addition to professional wrestling.
The WWE, which is well known for its professional wrestling company, was formed in 1952 by Jess McMahon and Toots Mondt as the Capitol Wrestling Corporation. WWE will be the largest pro wrestling company in the world by 2020, with over 500 live events a year and a roster of over 200 wrestlers from various brands. WWE is watched by over 36 million people in over 150 countries across the world. In addition, the corporation has a Performance Centre in Orlando, Florida. Stamford, Connecticut is home to the WWE Global Headquarters.
WWE Biography and Net Worth
|Founded 21 February 1980|
|Net Worth $6 billion|
|WWE Owner Vince McMahon|
|Headquarters Stamford, CT|
|Charity Make-A-Wish Foundation|
McMahon Family Net Worth
Vince McMahon, the company’s Chairman, owns 42 per cent of the company’s outstanding stock and 83 per cent of the voting power. Stephanie McMahon, Vince McMahon’s daughter, and Triple H, Vince McMahon’s son-in-law, are also shareholders in the firm. Titan Sports, Inc., created by Vince McMahon and his wife Linda McMahon, was renamed the World Wrestling Federation, Inc. (WWF) in 1998. The corporation formally changed its name to World Wrestling Entertainment, Inc. in 2002. (WWE). Vince McMahon, the Chairman of WWE, has a net worth of $3.2 billion. Shane McMahon has a net worth of $35 million, while Stephanie McMahon Levesque has a net worth of $45 million. Linda McMahon, Vince’s wife and a former United States Cabinet minister has a reported net worth of $1.35 billion.
WWE Net Worth
WWE’s net worth is estimated to be $6 billion in 2020. Despite its audience issues, WWE has been doing exceptionally well in terms of money nowadays. It earned $281.6 million in the second quarter of 2018, a 31 per cent rise and the most in WWE history. The big increases in media and operating income, which increased by 48 per cent and 43 per cent respectively, contributed significantly to the sharp growth in revenue.
WWE has also announced a new broadcast arrangement with the USA Network and FOX Sports, which will begin airing SmackDown Live on October 1st, 2019. WWE’s average annual value will be 3.6 times more as a result of this deal than it was before with NBCU.
WWE Wrestlers Salaries
With the WWE’s current net worth of over $6 billion, the salaries of WWE performers are a fascinating issue to discuss. Brock Lesnar, the current Universal Champion, is the highest-paid WWE performer, $12 million from the contract only, followed by John Cena and Roman Reigns. The richest one among them is John Cena with a Net worth of $55 million.
Ronda Rousey, a former UFC fighter and Raw Women’s Champion, is the first female WWE wrestler with a $1.5 million salary, followed by Charlotte Flair and Nikki Bella.
WWE has grown from a little corporation to the most recognisable brand in the professional wrestling entertainment industry today. The company has won numerous accolades, but it also has its own, the WWE Year-End Award, which recognises the greatest professional wrestlers from both Raw and SmackDown at the end of the year.