Everything you need to know about WWE ownership, including who owns the business and who the other stakeholders are and the company 2023 net worth
WWE is the world’s largest pro-wrestling company. It is also the most well-known organization in the professional wrestling industry. WWE has recently been in the news for a variety of causes and rumours. Last week, Vince McMahon startled the WWE universe by making his comeback to reclaim control of the company.
WWE company net worth in 2023, owner, ownership structure and stakeholders
At 77, time for me to retire.
Thank you, WWE Universe.ย
Then. Now. Forever. Together. #WWE #thankful— Vince McMahon (@VinceMcMahon) July 22, 2022
Vince McMahon was compelled to step down as WWE chairman in July 2022 after allegations of sexual misconduct surfaced. According to the sources, Vince paid millions of dollars to four women within the organization to cover up sexual misconduct allegations against him. He has returned to the company as chairman of the board.
Stephanie McMahon, Vince McMohan’s daughter, announced her departure as co-CEO of World Wrestling Entertainment one week later. World Wrestling Entertainment was also linked to Saudi Public Investment Funds as a prospective new buyer. In this post, we’ll explore the company’s owner and other major stakeholders.
Who is the owner of WWE?
World Wrestling Entertainment was formed in 1953 as Capitol Wrestling Corporation. WWE is the world’s largest wrestling organisation, with a major roster separated into two core touring groups and a developmental roster. WWE is also the most popular wrestling programme in the world, with over 1 billion people watching in 30 languages. WWE’s worldwide headquarters are in Stamford, Connecticut, and the company has offices in New York, Los Angeles, Mexico City, Mumbai, Shanghai, Singapore, Dubai, and Munich.
The company’s chairman of the board, and wrestling promoter Vince McMahon, owns 38.6% of the company’s outstanding shares and has 81.1% of the voting power. He owns one-third of WWE shares and most of the voting rights as well. The WWE shares are divided into two classes: A and B. Linda and Stephanie McMahon are the two class B stockholders besides Vince McMahon. BlckRock, Inc., in addition to the McMahon family, owns approximately 8% of the business and has 2% voting rights. Vanguard Group also owns 5% of WWE stock and has 1% voting rights.
The current net worth of the company is at $6.71 billiob.
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