Controversial ex-WWE chief Vince McMahon drops off Forbes 400 list of billionaires as new net worth revealed
DISGRACED former WWE chief Vince McMahon has fallen off the Forbes 400 list of billionaires.
McMahon is still worth £1.98bn but failed to make the list of the richest US citizens after resigning from WWE in January 2024.
McMahon dropped out of the Forbes 400 for 2024 after ranking No366 last year.
Serious allegations of sexual assault and trafficking, which he denies, have damaged his reputation.
He initially stepped down as CEO and chairman of WWE in June 2022 and was replaced by his daughter Stephanie.
But the 79-year-old returned just six months later.
However, in January he resigned from WWE and UFC parent company TKO Group Holdings for good after he was hit with disturbing allegations.
A new bombshell federal lawsuit was filed against him which refers to an employee’s time at WWE from 2019 to 2022.
He was ordered to hand over documents regarding allegations of “rape, sex trafficking, sexual assault, commercial sex transaction, harassment or discrimination against past or present WWE employees”.
McMahon sold his remaining WWE shares in April for £588m to formally end his ties to the world renowned wrestling organisation.
The top 10 of the Forbes 400
The 10 richest US citizens are:
- Elon Musk – $224bn
- Jeff Bezos – $197bn
- Mark Zuckerberg – $181bn
- Larry Ellison – $175bn
- Warren Buffett – $150bn
- Larry Page – $136bn
- Sergey Brin – $130bn
- Steve Ballmer – $123bn
- Bill Gates – $107bn
- Michael Bloomberg – $105bn
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And a new Netflix documentary, titled Mr McMahon, has done a deep-dive on his rise to power and subsequent fall.
McMahon had offered a look at his life and career and wanted to address the allegations made against him by a former wrestler in 2022.
But the controversial ex-CEO dropped out of the final stages of filming this year.
He recently broke his silence to claim that the series was “distorted” and covered him unfairly.
McMahon also accused the streaming giant of using “typical editing tricks” to “support a deceptive narrative”.
He ended the 170-word statement by insisting there are “two sides to every story.”
The third-generation promoter purchased WWE from his dad Vince Sr in 1982.
The wrestling company is now owned and operated by TKO Group Holdings.