WWE CEO and Chairman Vince McMahon lost $350 million last week due to a mix of subpar WWE Network subscriptions and a lackluster television deal with NBCUniversal, and now reports indicate that he has lost a lot of money since WWE WrestleMania XXX in New Orleans last month.
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According to Wrestlingheadlines.com, McMahon lost $842 million of on-paper worth since WrestleMania XXX at the Mercedes-Benz Superdome and $360 million of that was lost earlier this month. McMahon, who was a billionaire, is now reportedly worth around $700 million.
The WWE has taken some significant hits over the last couple of months, with the company losing money from low network subscriptions, the stock dipping and their TV deal with NBCUniversal being below the amount of money the company believed it would yield for the rights to flagship shows Monday Night RAW and SmackDown.
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The leaks and reports about his financial woes have reportedly gotten to the WWE CEO as a person who is closely associated with him said that the coverage of how much money he lost and him no longer being a billionaire will eventually drive him crazy.
According to the report, the loss of stock money hasn't gotten to McMahon that much, but the fact that him losing a large sum of money is getting to mainstream media has gotten to him.
While he is still a millionaire, McMahon is no longer a billionaire after taking a couple of financial hits since the biggest show in the history of the company.
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