Vince McMahon Rejoins The Billionaire Ranks

WWE chairman and Founder Vince McMahon is once again a billionaire.

Forbes reports that McMahon rejoined the ranks of billionaires thanks to the recent surge in WWE stock price.

According to the story Vince owns 52% of WWE stock an the 18% rise in WWE stock since February brings his net worth up to $1.1 billion.

It cites one of the main reasons for the stock rise is because of the subscription growth of the WWE Network. Noting the Network is the fifth largest direct-to-consumer subscription service in the U.S. behind only Netflix, Amazon, Hulu and MLB.TV. Pretty impressive.

William B. West

William B. West

William B. West has been an internet journalist since 1998. William is editor of WBWTV.com, admin of WrestleFix.com, as well as writer & editor in chief of PowYeah.com, Rokuki.com, and NetFXD.com.

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