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Vince McMahon hosts his annual Super Bowl of wrestling Sunday night with WrestleMania taking place at AT&T Stadium. The bombastic wrestling promoter will do so as a billionaire once again after adding more than $100 million to his fortune over the past seven weeks. Shares of the publicly-traded World Wrestling Entertainment are up 18% since the second week of February. McMahon is now worth $1.1 billion thanks to his 52% stake in the WWE. McMahon’s net worth was just under $1 billion when Forbes priced assets for its annual billionaires list on Feb. 12.
WWE investors are betting on the over-the-top WWE Network, which posted impressive 49% year over year subscriber growth in the fourth quarter. The network now has 1.22 million paid subscribers at $9.99 a month. The total makes the network the fifth largest direct-to-consumer subscription service in the U.S. behind only Netflix NFLX +3.43%, Amazon, Hulu and MLB.TV. The stock has returned 31% over the last 12 months.
McMahon’s net worth has been on a wild ride over the past two years since he announced plans to replace the company’s old model that was heavily dependent on pay-per-view with the consistent monthly revenue streams provided by a subscription service. WWE’s stock jumped 89% in the first three months of 2014 after the network announcement, which raised McMahon’s net worth to its peak of $1.6 billion.
Vince McMahon Is A Billionaire Again After WWE Stock Run-up
WWE investors are betting on the over-the-top WWE Network, which posted impressive 49% year over year subscriber growth in the fourth quarter. The network now has 1.22 million paid subscribers at $9.99 a month. The total makes the network the fifth largest direct-to-consumer subscription service in the U.S. behind only Netflix NFLX +3.43%, Amazon, Hulu and MLB.TV. The stock has returned 31% over the last 12 months.
McMahon’s net worth has been on a wild ride over the past two years since he announced plans to replace the company’s old model that was heavily dependent on pay-per-view with the consistent monthly revenue streams provided by a subscription service. WWE’s stock jumped 89% in the first three months of 2014 after the network announcement, which raised McMahon’s net worth to its peak of $1.6 billion.
Vince McMahon Is A Billionaire Again After WWE Stock Run-up
I fukked that up SO bad!!
