WWE Chairman Vince McMahon's Wealth Has Increased Massively Since COVID-19 Pandemic Began

WWE Chairman Vince McMahon's Wealth Has Increased Massively Since COVID-19 Pandemic Began

WWE laid off a long list of Superstars and backstage talent right in the midst of the COVID-19 pandemic, but Vince McMahon certainly isn't feeling the pinch as his wealth has increased significantly...

By JoshWilding - Jun 30, 2020 03:06 AM EST
Filed Under: WWE

2020 has been a rough year for a lot of people, and you have to feel for the wrestlers and backstage talent who were released by WWE right in the midst of the COVID-19 pandemic. They were left with nowhere else to go, and without a pay cheque at the worst possible time. WWE put it down to having to save money, but someone who definitely isn't suffering is WWE Chairman and CEO Vince McMahon. 

The Middleton Press has an article up looking at Connecticut billionaires who have actually done well during the global pandemic, and it turns out that McMahon's net worth has grown from $1.8 billion to $1.977 billion.

That increase came between March to June, and is a $177 million increase (around 9.8%). Tom Swan, CCAG executive director, writes, "This report is a stark reminder of the level of inequality in Connecticut. It also makes clear that any austerity arguments are disingenuous when the legislature begins to grapple with Connecticut’s legacy of white supremacy and looming budget challenges."

While the XFL had to file for bankruptcy as a result of COVID-19, it doesn't seem as if McMahon has suffered too much personally even if his businesses have. Either way, he's clearly done well continuing to hold shows in the WWE Performance Center despite the fact the virus - which he isn't taking seriously according to recent reports - has now spread through the roster.

About The Author:
JoshWilding
Member Since 3/13/2009
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