Report: Vince McMahon Loses $340 Million On Friday, No Longer A Billionaire

Vince McMahon lost $340 million on Friday due to shares of WWE falling more than 40%. According to Forbes.com, McMahon’s net worth is now estimated at $760 million, meaning he is no longer a billionaire.

The drop comes in response to WWE announcing their new domestic TV licensing agreement with NBCUniversal. While investors were expecting a deal where WWE doubled or even tripled their last TV agreement, one benchmark analyst estimates that WWE got a 50% raise.

Financial analysts now have additional questions about WWE’s core business after initial concerns that McMahon was “too excited” about the WWE Network.

WWE plans to address shareholders in a conference call on Monday morning at 11 AM EDT. Both Vince McMahon and WWE CFO George Barrios will be on the call.

Click here for coverage by Forbes.com.

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  • Charlie Crimefighter Hovey

    He is gonna be in a bad mood all weekend

  • Michael

    Aww you know, its only $340 million. Thats a third of his fortune

  • Mike McCarthy

    This sounds like a bad time to be Dolph Ziggler…..Vince always takes his anger out on him by burying him

    • kurt

      Well “ziggy” is a a bit of a loud mouth. He hasn’t realized he isnt over enough to make a lot of the comments he has made, and it cost him. I get him, my mouth has cost me in the past also, but in that business, it can be real bad. No real competition to go to if things go real bad. If you bad mouthed someone important, ypu used to be able to go to wcw, or who ever. Now where do you go? tna? They are the temp services of wrestling. Sure you will work some, but not get anywhere.

  • Vin Sidious

    I guess the workers aren’t the only ones taking a pay cut.

  • BIG M

    340 MILLION HOLEY CRAP VKM must be P****D OFF.
    I mean Bloody hell WWE stock has almost halved since they launched the Network.
    If I was a stockholder I would be beyond P****D OFF.

  • kurt

    What, Vinnie Mac got “too excited”? Such a level headed, even keeled, low brow man like him? With all due respect for what he has done in the business, mcmahon has always been like a 5 year old living a dream. He has been fortunate that his good ideas have taken off, and were bigger than his bone head moves were. He is quite the conundrum. He comes up with wrestlemania, sees the changing of the tide toward sports entertainment as opposed to the grappling style that was so big up until then, capitalized on it with hulk hogan (who Verne Gagna couldn’t stomach because the guy couldn’t even run the ropes right so he misused him) and blew the wwe up to unheard of heights, amd then 20 years later makes the bone head move of the century by pulling what Jim crockett did when he bought out the uwf, and screwed up the whole angle due to his ego, mcmahon followed every mistake he made when he bought wcw, costing untold millions the invasion angle could have brought in long term (may have even gone on today yet if he didn’t botch it so bad) . His positive moves made the wwe big enough , and made enough money that it made up for all those bad moves, and now as he sees the crown jewel, the 5 year old in him seems to have cost him big overall. McMahon has done the almost impossible in wrestling, made the wwe maybe even bigger than the industry itself, but keeps forgetting what brought him to the dance. The man has screwed over others and the business when it benefitted him, and now karma (no pun intended) has bitten him in the pocket book. Wrestling got him where he is, and when he got big enough, got enough money, He has distanced himself and his organization as far away from “wrestling” as he could (wrestling vs sports entertainment, wrestlers vs superstars, fans vs the “wwe universe”) even going as far to make the initials “wwe” not even mean “world wrestling entertainment” anymore. Removed any association with the word “wrestling” he could. Has it worked? Yes it has, but it does come back around at times, like now. This time it cost him $240 million and his billionaire status. Can’t argue with his success, but times like this sting like hell, and is a tough nut to swallow. (Sarcasm next) feel so sorry for a guy only.worth almost 3 quarters of a billion dollars. I get why mcmahon wants so bad to be part of the “1% ers”, especially after such humble beginnings, but they don’t let people into that elite club very easily. They can be worse sharks than he ever has been. Good luck, vince. That last hurdle is the biggest of all.

    • michael foulds

      This is the biggest load of sh*t I’ve ever read. He screwed up the Invasion because of his ego? The Invasion was a failure because none of the big WCW wrestlers wanted to break their guaranteed contracts and he was stuck with Booker (nothing against him), DDP and Buff Bagwell as headliners, and Buff was gone after a week. You say wrestling doesn’t mean “wrestling” anymore, when the champion is probably the epitome of what people class as wrestling. I don’t think he’s too upset over this and WWE is still the monopoly of the WRESTLING industry.

  • Vic Jose

    Ouch, maybe he should invest less, lol

  • Vic Jose

    Well everyone can stop complaining about ppv cuts since Vince is in the same boat

  • Evon Callaway Bitterweed Reese

    The bleeping network is gonna bankrupt him.

  • AlphaMale

    Poor fella! How’s a man supposed to live on just 760 million dollars!

  • supercilious1

    How could Vince be losing money? I thought WWE was hitting a new boom period? At least that’s what DB fans were saying.

    • Bob’s Diner

      Hahaha you aren’t actually blaming Daniel Bryan for the drop in share prices, are you???

  • Bob’s Diner

    Somebody’s losing their job Monday morning…

  • Splat

    I really like the Network to. :(

  • Winnipeg

    See what happens when u don’t include Canada in the distribution of the WWE network

  • Jasont2300

    So who will vince blame… Daniel Bryan taking over cena spot? Triple H horrible bookings? Cm punk missing? Undertaker losing streak? Gotta be one of those right?

    • Bob’s Diner

      Has nothing to do with on-screen issues – this is purely business, not product-related. Half the investors couldn’t care less about the on-screen product.

  • live1213

    Of course he going to have less money he just open a television station even Oprah loss money on own the first year in 3 years he will b fine