Vince McMahon No Longer One Of The 400 Richest Americans
The WWE Chairman dropped out of this year's Forbes 400.
Per this year's Forbes 400, Vince McMahon has dropped out of the top 400 richest people in America.
The WWE Chairman and CEO finished at number 296 in 2019. He is nowhere to be found this time around, with Forbes noting that Vince's net worth of $1.8 billion fell short of the $2.1 billion mark required to make the cut. That still makes him outrageously rich, of course, but not quite rich enough to make the cut.
Here's what Forbes wrote:-
“The chairman and CEO of World Wrestling Entertainment (WWE) fell off the list this year as shares of his media and live events company slid 30% in the first seven months of 2020. In April, WWE announced it had furloughed “a portion” of its workforce and reduced executive and board member salaries, resulting in an estimated monthly savings of $4 million. McMahon spent some $200 million to relaunch an NFL competitor called XFL this year. In March, the coronavirus forced XFL to cancel its 2020 season and, weeks later, the company filed for bankruptcy.”
WWE itself is expected to make record profits in 2020 even if it is unable to hold another attended show all year, though ThunderDome's introduction may put a dent in this.