World Wrestling Entertainment (WWE) is an integrated media and entertainment company that is recognized as a global entertainment platform for professional wrestling. The company has other portfolios of businesses that include video games, films, sporting goods, housewares, books, among others. All of WWE programs reach over 800 million homes globally and in over 28 languages.WWE network, with over 1 million subscribers and available in more than 180 countries, makes it one of the biggest brands around the globe in the entertainment business.
I am sure you might know a few things regarding WWE, especially superstars such as Big Show, Brock Lesnar, Bill Goldberg, The Rock, John Cena, Hulk Hogan, and others, but do you exactly what WWE net worth is? Well, here is an overview of how WWE came to be one of the biggest entertainment companies in the world and its net worth.
WWE origins can be traced back to the 1950s when Vincent J. McMahon started Capitol Wrestling Corporation (CWC). Capitol Wrestling Corporation soon after joined National Wrestling Alliance (NWA) and established dominance, especially in the Northeastern United States. Things worked for them in a while, but disputes arose, and Vincent J. McMahon and promoter Toots Mondit walked away and established World Wide Wrestling Federation (WWWF). When WWWF was established, this became the official beginning of WWE.
Vincent J. McMahon sold CWC to his son Vincent K. McMahon and his wife Linda in 1982, and the two changed wrestling business. The young McMahon hired superstars such as Roddy Piper, Hulk Hogan Don Muraco, among others who made the WWF gain a lot of traction. McMahon would later popularize the WWF through national wide tours and introduce concepts such as WrestleMania, which was a huge success.
Between 1993 and 1997, business was not so good for WWF as many of its wrestlers deserted the company and joined a rival company World Championship Wrestling (WCW). During this period, a new generation of wrestlers was being groomed to take over from the pioneers, and this made many of them move to WCW. However, after the debut of Monday Night Raw, the company started experiencing some success. In 1998 the company would later change its name to World Wrestling Federation Entertainment Inc. These changes came with the introduction of another program, the Smackdown show, and also WWF becoming a public traded company.
It was until 2002 when World Wrestling Federation decided to change its name to World Wrestling Entertainment (WWE), a name the company has kept to date.
WWE has a network called WWE Network, which was launched in 2014. As of today, the network has over 1 million subscribers making it among the fastest-growing digital subscription services in the world. On the network, all WWE live pay per view events, reality shows, classic matches, documentaries, among others, are featured on it.
Today the company is owned by Vince McMahon, who is also the CEO. His daughter Stepanie McMahon is the chief branding officer, while Triple H is the WWE vice president of talent, live events, and creativity.
WWE Awards & Achievements
WWE has revolutionized from a small company to the biggest brand in the professional wrestling entertainment business in the world today. The company has received many awards, but it has its awards, too, known as WWE Year –End Award, where they award the best performing professional wrestlers both from Ra and SmackDown at the end of the year.
Net Worth of WWE in 2023
As of June 2023, WWE net worth Is estimated to be around $6 billion. One thing to know is WWE is a public traded company, and over the years, it has been doing mighty fine in the revenue section. WWE makes money from the WWE network, live shows dale of tickets, WWE products such as merchandise, films, and so much more.
I am sure you would also be interested to know Vince McMahon’s net worth, which is currently estimated to be around $1.6 billion. He owns 42% of the company shares. His son, Shane McMahon’s net worth stands at $35 million, his daughter Stephanie McMahon Levesque’s net worth is at $45 million while Vince McMahon’s wife Linda McMahon net worth is estimated to be around $1.3 billion.
Just you know the richest wrestler is John Cena, whose net worth stands at $55 million while the highest-paid wrestler is Brock Lesnar with $12 million salaries followed by John Cena then Roman Reigns.
With the WWE net worth currently being over $5 billion, salaries of WWE wrestlers remains to be seen as another exciting topic. Current Universal Champion, Brock Lesnar is currently the highest-earning WWE wrestler, followed by John Cena, and Roman Reigns.
For the women, the highest-paid female among the female wrestlers of WWE, we have Ronda Rousey, followed by the Queen herself Charlotte Flair.
WWE is the biggest brand when professional wrestling is mentioned anywhere. They have conquered the industry, and they don’t seem to slow down now that they have started popularizing the brand to more countries globally. In the near future, WWE’s net worth will have hit a $10 billion mark.