Vince McMahon Loses $350 Million In One Day, Twitter Feels His Pain


vince mcmahon

Have you ever lost your wallet? Yes? Then you probably know exactly how Vince McMahon feels right now. The head of the WWE reportedly lost $350 million, nearly one third of his wealth, in less than 24 hours.

According to Forbes, the WWE’s stock price plummeted on Friday after a few less than stellar deals. McMahon managed to secure a contract worth $150 million annually with NBCUniversal but that was close to half of what many expected. The WWE’s new online service also failed to attract a major audience. Many investors lost confidence in the WWE after the online streaming network has only picked up 700,000 subscribers.

That resulted in am $8.86 stock drop (from $20.13 to $11.27) and netted Vince McMahon a $350 million loss.

But don’t worry, Vince, we’ve all been there.

https://twitter.com/roy13a/status/468726105328070656

Vince McMahon may have lost $350 million this week but he isn’t exactly struggling for money. The former billionaire is still worth about $750 million.

Forbes reports that McMahon has been kicked out of the billionaires club before. He became a billionaire for the first time in 2000 but got booted from the club later that year when the WWE’s stock dropped. It took him about 13 years to become a billionaire again. McMahon’s net worth peaked in March at about $1.6 billion.


Dan Evon

Dan Evon was born, raised, and currently lives in Chicago. He is the Editor-In-Chief at Social News Daily. Over the last six years Evon has helped build several web platforms to millions of monthly readers. Dan is an expert is social media platform building and a freelance content consultant specializing in trending, evergreen and news content.

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