Vince McMahon
Dave Allocca/StarPix/REX/Shutterstock
United States
2019

WWE

Vince
McMahon

Chairman / CEO

Last year, McMahon metaphorically circled the ring with the WWE, arms aloft in victory, after signing separate five-year deals with USA Network and Fox Sports to carry its “Monday Night Raw” and “SmackDown Live,” estimated to generate revenues rising from $311 million in 2019 to $462 million in 2021. And then the WWE itself was dropped to the mat a few times. When Q2 2019 earnings were released in July, its stock price had dropped 31% from a record high of about $99.43 in April, and average “Raw” viewership was down 20% from the same quarter in 2018. Finally acknowledging the decline, this summer McMahon hired Paul Heyman (“Raw”) and Eric Bischoff (“SmackDown) to run the shows, and hopes are high for a turnaround.

Career

  • WresteMania
  • THE SCORPION KING
  • WWE SMACKDOWN

Education

  • East Carolina University (NC, USA)

Variety Honors

  • 2017 Variety500 Honoree
  • 2018 Variety500 Honoree
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News from Variety

Vince McMahon Out of Excuses for WWE Woes

Vince McMahon Out of Excuses for WWE Woes

When World Wrestling Entertainment reported its sluggish first-quarter performance in April, CEO Vince McMahon blamed it on “superstar absences,” the temporary sidelining of many of his star grapplers due to injuries accumulated in 2018 and early 2019.But now that WWE is on the verge of releasing its second-quarter numbers on July 25, McMahon is going to have to come up with a new excuse if his company’s Q2 results remain soft.A Variety analysis indicates that although nearly all of the...

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