Vince McMahon is the professional wrestling promoter, film producer, commentator, actor, announcer and an occasional wrestler from America who took WWE to new heights of success. He is a very versatile personality who worked hard his whole life to reach the top.
McMahon was born on 24th August 1945 in Pinehurst, North Carolina. His father had left him when he was still a baby and McMahon did not meet him till the age of twelve. His father, Vincent J. McMahon was a promoter of the Capitol Wrestling Corporation inspired his son to follow his lead. McMahon studied at the East Carolina University and graduated in 1968 with a degree in business. He was very interested in joining his father’s profession however his father was not very excited about the idea. McMahon began as a travelling salesman and made his first appearance as a WWF’s All-Star Wrestling announcer in 1969. His interest in this profession piqued even more after this job.
By 1970s, Vince McMahon had become a strong force in his father’s firm and in the next ten years he was assisting him in augmenting TV syndication. He was the one who forced his father to change the company’s name to World Wrestling Federation (WWF). He bought the Cape Cod Coliseum and along with wrestling, promoted concerts and hockey games. McMahon became chairman of the company in 1980. In 1982, McMahon Sr. retired and sold his company to his son. Under his superb management WWF thrived more than ever before. McMahon wanted to give the federation board a greater appeal and a bigger audience. He created Macho Man and Hulk Hogan who made the audiences go wild. He also came with the idea of charging people to gather in an arena and watch the matches on a large screen. This idea was implemented first in the 1985 WrestleMania.
To battle the gigantic wrestling corporation and the need of the WWF’s star wrestlers infinite resources Vince McMahon decided to completely change the way people saw WWF. What was once a form of entertainment for the entire family became filled with storylines containing sex, smut, vulgarity and crude behavior changing the audience to teenage boys and men. McMahon also introduced himself in the stories as an evil boss named ‘Mr. McMahon’. This new formula proved extremely successful. Titan Sports is a top merchandiser and pay-per-click viewer producer worldwide. He made the company public in 1999.
According to Forbes, Vince McMahon had a net worth of $1.1 billion in 2001 however now he is not on the billionaire list. He got married to Linda McMahon in 1966. He is now a grandfather of six children. He owns a penthouse in Manhattan worth $12 million, a mansion in Greenwich worth $40 million, a vacation home of $20 million and a yacht named ‘sexy bitch’. His wife Linda is the chief executive and president of WWE and both his children also work for the company.