What is Vince Mcmahon’s net worth? While announcing his retirement from WWE
Vince McMahon declared his retirement on July 22, 2022. While he is prepared to leave WWE, his commitment to its expansion over the years has increased his personal value.
For many years, the 77-year-old Vince served as the chairman and CEO of WWE. A month after leaving office, it was announced that he was retiring.
Many people were quick to react to his choice, but AEW CEO Tony Khan stood out because he didn’t hold back from making his own joke about his retirement announcement.
Vince McMahon’s Revealed Net Worth
According to Celebrity Net Worth, Vince is believed to be worth $1.8 billion. Over the years, he has balanced several careers, which has also increased his value.
The source describes him as an “American professional wrestling promoter, commentator, film producer, and sporadic wrestler.”
The shares he owns for WWE make up the majority of his wealth. He currently owns 28.7 million shares of WWE. With this, he controls 80% of the voting power in WWE and about 37% of the total number of shares outstanding. In short, Vince generally makes a hefty profit every time he increases the value of WWE stock.
What has he said in relation to his retirement?
Regarding his retirement, Vince made a statement, which was also posted on the WWE website. After working for the organization for several years, Vince commented that he came to the conclusion that it was time to say goodbye to his position. He went on to express his gratitude to his family, colleagues and current and former “superstars” for his support of the company over the years.
He added that WWE will continue to operate in the same way and acknowledged that he was putting his faith in co-CEO Nick Khan and chairwoman Stephanie McMahon.
What did Tony Khan tweet?
Tony, the CEO of AEW, responded to the news on Twitter immediately and did not mince words. He wrote: “I am grateful to now be the longest serving CEO in professional wrestling thanks to you wrestling fans and your tremendous support of AEW. I sincerely appreciate every person who watches AEW. See you at AEW Rampage on TNT this Friday!
Thanks to you wrestling fans and your great support from @AEWI am grateful to now be the longest serving CEO in professional wrestling.
Thank you very much to each of the people who see @AEWonTV!
see you friday night #AEWRampage in @TNTdrama
@ 10pm ET/9pm CT/10pm PT
—Tony Khan (@TonyKhan) July 22, 2022
His humorous tweet undoubtedly got a lot of people talking and caught everyone’s attention.