WWE CEO Vince McMahon No Longer Billionaire After Losing $340 Million In A Day

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WWE CEO Vince McMahon No Longer Billionaire After Losing $340 Million In A Day

WWE CEO Vince McMahon No Longer Billionaire After Losing $340 Million In A Day
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WWE CEO Vince McMahon No Longer Billionaire After Losing $340 Million In A Day

by Wochit 0:40 mins

Vince McMahon lost $340 million Friday as shares in his WWE took a beating from investors, dropping 42% by 3 p.m. That knocked the WWE boss out of the billionaire ranks, putting his net worth at an estimated $760 million. The stock fell after news that WWE had signed a new television deal with NBCUniversal for less than some investors had hoped.

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