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Updated: June 15, 2022 / 2022 Wealthiest people in CT

Wealthiest People in CT: 13. Vincent McMahon

Chairman and CEO
WWE, Stamford
2022 Net Worth: $2.2 billion
More Information

Former President Donald Trump has engaged in wars of words with many people, but as far as we know there’s only been one documented physical battle with an opponent — fellow billionaire and Greenwich resident Vincent McMahon.

McMahon, 76, is the chairman and CEO of entertainment company World Wrestling Entertainment (WWE), which earned $974 million in revenue in 2020.

In 2007, he got body-slammed by Trump — in an apparently staged encounter — before a live audience at WrestleMania 23. Later, according to the taped report, the then-developer shaved McMahon’s head.

Apparently there were no hard feelings — in 2017, as president, Trump appointed McMahon’s wife, Linda, as administrator of the U.S. Small Business Administration.

McMahon has been in the headlines for the wrong reasons lately. WWE officials announced last week that the company is investigating McMahon for misconduct, and his daughter Stephanie has taken over interim CEO duties as the head of the Connecticut-based wrestling organization.

WWE's board said Vince McMahon voluntarily “stepped back” from his responsibilities as an executive until the investigation is complete. The investigation announcement came just days after the Wall Street Journal detailed an alleged $3 million settlement McMahon was using to hide an affair.

The Wall Street Journal said that, in investigating that settlement, WWE found more claims of misconduct by McMahon.

McMahon grew up in a trailer park in North Carolina and joined his father’s small wrestling company in 1972, according to Forbes.

About a decade later he bought the then-regional World Wrestling Federation and built it into the global WWE. Forbes notes that WWE went public in 1999; and today broadcasts programs in some 150 countries and more than 30 languages.

With a reported net worth of more than $2.2 billion, according to Forbes, there aren’t many people that can push McMahon around today.

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