Cokeboy back in the Billionaries club

[Jmare007]

WWE Chairman Vince McMahon Is A Billionaire Again

WWE Chairman Vince McMahon Is A Billionaire Again

WWE Chairman and CEO Vince McMahon is a Billionaire once again according to an update from Forbes.

McMahon’s Net Worth is said to be at $1.16 Billion right now. In March 2014, McMahon was on the Billionaires List that Forbes puts out every year, but he wasn’t on it this year.

It’s been a very good week for WWE’s stock after they posted positive numbers in their conference call last week. The stock price is $21.88 on Friday. It was at $15.57 one month ago and $13.68 one year ago.

Earlier this week, a Dutch investor purchased a 6% share of the company (the shares that are available outside of what the McMahon family has) and that was part of the reason for the increase as well.

Even with TV ratings down, WWE business is strong because they’re well past the 1 million mark for WWE Network that was considered a break-even point. Since they are likely going to stay about that number, that means the business is healthy and if it grows from there, the sports entertainment giant will continue to grow.

A lot of WWE fans are frustrated with the company for the way they book some of their storylines, but all investors really care about is how much money they are making it. Since the stock price has gone up and McMahon is back to being a Billionaire, WWE likely won’t be making any drastic storyline changes soon because they’re doing so well right now.

:fukkery:

 

[Batter Up]

So WWE loses 750 million while Daniel Bryan's champion, then regains Billionaire status while he's been out of action for 6 months. Think i'm starting to understand why WWE are pushing so hard to keep him from coming back.

Spoiler

 

[mrken12]

The last paragraph is pretty depressing.

 

[Beautiful Bobby Eatin]

Its just the bounce back from the valley they hit because of the tv deal. Theyve also added more ppvs and have a big NXT show coming that generates a lot of money being in a big arena.

This will likely put Cena back on top because Vince will be convinced that he is the driving force.

I will continue to watch basically everything else

 

[TheGodling]

Its just the bounce back from the valley they hit because of the tv deal. Theyve also added more ppvs and have a big NXT show coming that generates a lot of money being in a big arena.

This will likely put Cena back on top because Vince will be convinced that he is the driving force.

I will continue to watch basically everything else

This. Sooner or later they were always going to recover from that.

The last paragraph is pretty depressing.

It really is. Expect The Authority to stay in power for at least another decade.

 

[LastManStanding]

 

[Messiah]

The last paragraph is pretty depressing.

It's not depressing. It's exactly what they should be doing, worrying about the money.

 

[Rell84shots]

Its just the bounce back from the valley they hit because of the tv deal. Theyve also added more ppvs and have a big NXT show coming that generates a lot of money being in a big arena.

This will likely put Cena back on top because Vince will be convinced that he is the driving force.

I will continue to watch basically everything else

Why would he though? They've recovered nicely while Cena has been occupying the mid-card spot.

 

[Da King]

Kang about to inherit a billi :HBGOAT:


We never lose

 

[The Rainmaker]

"A millionaire who should be a billionaire..."

:crazyvince: "I hear ya. Keep watching"

 

[Sypress]

@WOAHMYGOODNESS what's your take on this?

 

[TheGreatShowtime]

Seth Rollins making McMahon a billionaire again

 

[NoMorePie]

Just imagine the amount of money he'll continue making when Cena becomes dual champion

*insert evil McMahon smiley here*

 

[WOAHMYGOODNESS]

@WOAHMYGOODNESS what's your take on this?

Soon as daniel bryan ks gone wwe is worth billions again
What more can i say?

 

[Beautiful Bobby Eatin]

Soon as daniel bryan ks gone wwe is worth billions again
What more can i say?

ONE Billion and barely that. He will stabilize at around 800,000 in a couple of weeks no matter who the champion is.