WWE being sold is one of the most popular subjects in the world today, regardless of whether people are familiar with pro wrestling or not.
Follow Us
How much is WWE worth? WWE was first introduced as the Capitol Wrestling Corporation. The promotion was established in 1953. It is the biggest wrestling organization in the world, with a developmental roster situated in Orlando, Florida, and a main roster split into two major touring groups (referred to by WWE as “brands”). More than one billion homes globally have access to WWE in 30 different languages.
Vince McMahon was the company’s executive chairman, and third-generation wrestling promoter, owning the majority of the shares and 81.1% of the voting rights. He also serves as the company’s executive chairman. Incorporated on February 21, 1980, in South Yarmouth, Massachusetts under the name Titan Sports, Inc., the current business was reincorporated under Delaware General Corporation Law in 1987.
It bought the World Wrestling Federation (WWF), formerly the World Wide Wrestling Federation (WWWF), holding firm Capitol Wrestling Corporation Ltd. in 1982. World Wrestling Federation Entertainment, Inc. and World Wrestling Entertainment, Inc. were the new names for Titan in 1999 and 2002, respectively. Despite the legal name being the same since 2002, the corporation has only marketed itself with the letters WWE since 2011.
READ MORE: Is WWE2k23 cross-platform? Here is everything you want to know
WWE’s market value is $6.87 billion as of 2023. Despite a few snags in viewership, WWE has been doing rather well in terms of money. In 2022, the firm earned an astounding US$1.2915 billion, the most in WWE history. The strong increase in revenue was aided greatly by significant increases in media and operational income, which totaled almost USD 259 million.
WWE has also just struck a new broadcast agreement with the USA Network and FOX Sports, which will begin airing SmackDown Live on October 1, 2019. This agreement will also enhance WWE’s average yearly value by 3.6 times more than the prior agreement with NBCU.
WWE Chairman Vince McMahon has a net worth of $3.2 billion. Shane McMahon is worth $35 million, and Stephanie McMahon Levesque is worth $45 million. Linda McMahon, a former United States Cabinet minister, has a stated net worth of $1.35 billion.
For more WWE news
Roman Reigns – On WWE Night of Champions 2023, Roman Reigns will reach a massive milestone
Cody Rhodes – WWE hall of Famer thinks Cody Rhodes should turn heel
Get the latest from Sportslumo.com by following us on Instagram, Twitter, and YouTub
