How much is WWE worth?
How much is WWE worth?
By Ali Hammad January 26, 2024 05:40
The net worth of World Wrestling Entertainment (WWE) has been a subject of interest and speculation over the years. Let's delve into the financial standing of WWE, exploring its market capitalization, notable changes in net worth, and the wealth of the McMahon family.
WWE's Market Capitalization
As of 2023, WWE's market value was reported at a staggering $6.87 billion. However, a more recent assessment for Week 26-2023 pegs WWE's net worth at an astounding $9.589 billion.
Revenue and Financial Performance
Despite occasional viewership challenges, WWE has demonstrated impressive financial performance. In 2022, the company recorded a staggering US$1.2915 billion in revenue, the highest in its history. This surge in revenue was largely attributed to a significant boost in media and operating income, which rose to around USD 259 million. Furthermore, new broadcast deals with the USA Network and FOX Sports have bolstered the company's financial standing.
McMahon Family's Wealth
Vince McMahon
WWE Chairman Vince McMahon boasts a net worth of $3.2 billion as of the latest available data. His personal wealth has seen considerable growth over the years, thanks to his 48% stake in WWE. His net worth hit an all-time high of $3.2 billion in 2019, according to Forbes. As of 2023, his net worth sits at $3.1 billion, making him one of the wealthiest figures in the entertainment industry.
Shane McMahon and Stephanie McMahon Levesque
Vince McMahon's son, Shane McMahon, is worth $35 million, while his daughter, Stephanie McMahon Levesque, holds a net worth of $45 million.
Linda McMahon
Linda McMahon, Vince's wife and a former USA Cabinet minister, reportedly has a net worth of $1.35 billion.
WWE's Net Worth and Global Comparisons
WWE's net worth aligns closely with the GDP of certain countries. For instance, WWE's net worth is 0.042% of the United States' GDP and 0.054% of China's GDP. Interestingly, WWE's net worth in 2023 closely mirrors the GDP of Kosovo.
Fluctuations in WWE Shares and Net Worth
The value of WWE shares has seen significant fluctuations over the past decade, directly affecting the net worth of Vince McMahon. In 2014, a sharp decline in WWE shares saw Vince lose his billionaire status. However, he rebounded in 2016, with a surge in WWE shares propelling him back into the billionaire ranks. In 2018, Vince returned to the Forbes 400 list of richest Americans for the first time since 2002, following a $1.6 billion increase in his net worth.
WWE's Ownership
WWE is a publicly traded company with multiple shareholders. Before the Endeavour takeover, Vince McMahon owned the majority of the stakes and served as the company's Chairman, holding 42% ownership.
WWE's net worth has experienced significant growth and fluctuations over the years, positioning it as a multi-billion dollar entity. The McMahon family, particularly Vince McMahon, has amassed substantial wealth through their involvement in WWE. The company's financial performance, coupled with strategic broadcast deals, continues to drive its considerable net worth.