Good morning to all die hard wrestling fans. Welcome to another captivating episode of ‘Just Sports’. Today, we are going to be dedicating this episode to a giant in the entertainment industry and its controversially successful owner. This billion dollar media machine is none other than the World Wrestling Entertainment, otherwise known as WWE, and its owner Vince McMahon. WWE is one of the most viewed sports franchise in the world. Others may disagree with this but it is a known fact that there are over 80 wrestling companies worldwide and comparing these entities to WWE would be like classifying a butter knife on par with a nuclear warhead. The man behind all this success is self-made billionaire Vince McMahon. Vince took over the company …show more content…
Well he is the majority owner, having a share of 70%, and the CEO of the company. Alongside him, his wonderful daughter, the very classy, Stephanie McMahon CBO of the company and also her husband Paul ‘Triple H’ Levesque and I’m pretty sure we all know who he is, one of the longest employees of the company second to The Undertaker. Which is very impressive considering there are over 700 employees in the whole company. But let’s not get carried away here. The main man today is the one and only Vince McMahon. Vince had a passion for wrestling as his family were very fond of it as his dad who actually started the company with his wife (Vince’s mother) back in 1952, more than 50 years ago. The name WWE had very shaky beginnings such as, back in 1994, Titan sports (owned by Vince) entered into an agreement with World Wide Fund for Nature also trademarked WWF, and you can almost predict what is going to happen. They both agreed to each other that both could use the acronym WWF but under certain conditions, but we don’t really want to get into the terms and conditions thrown at each other so long story cut short, WWF (wrestling) breached various violations of the agreement and the charitable organisation sued them in 2000, hence the name change to WWE especially all references such as their URL to WWE.com from …show more content…
McMahon has a $12 million penthouse in Manhattan, a $40 million mansion in Greenwich, Connecticut, a $20 million vacation home, and a 47-foot sports yacht. Forbes has noted McMahon's wealth at 1.1 billion dollars, backing up the WWE's claim he was a billionaire for the year 2001. His wealth doesn’t just stop there, On the June 2 Raw; McMahon announced that, the coming week, he would give away $1,000,000 live on Raw. Fans could register online, and each week, randomly selected fans would receive a part of the $1,000,000. McMahon's Million Dollar Mania lasted just three weeks and was suspended after the 3-hour Draft episode of Raw on June 23. After giving away $500,000, explosions tore apart the Raw stage, which fell and collapsed on top of McMahon. On June 30, Shane addressed the WWE audience before Raw, informing the fans that his family had chosen to keep his father’s condition private. In addition, he also urged the WWE to stand together during what he described as a "turbulent