Is Vince McMahon Richer than WCW Founder Ted Turner? Mega Net Worth Comparison
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In pro-wrestling, there’s always a battle. It’s either two pro-wrestlers throwing jabs at each other or two billionaires whose net worth is in strict competition. Such is the story of wrestling’s very own Vince McMahon and Ted Turner.
Both these men have made significant affects in the wrestling industry. While Turner founded World Championship Wrestling (WCW) in 1973, World Wrestling Entertainment (WWE) has been around since 1953, but has gone through several name changes.
Before moving onto finding out whose net worth is higher, here’s a brief about how WWE got it’s name.
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In 1953, WWE was originally called Capitol Wrestling Corporation. However, there is an ongoing debate about who founded it between Jess McMahon and Vincent J. McMahon. The name changed to World Wide Wrestling Federation (WWWF) in 1963, World Wrestling Federation (WWF) in 1979, and finally World Wrestling Entertainment (WWE) in 2002. The company became strictly abbreviated to WWE in 2011.
According to sources, Vince McMahon has a net worth of approximately $2.2 Billion. On the other hand, Ted Turner has a net worth of approximately $2.3 Billion.
Analysis of Vince McMahon and Ted Turner’s earnings
It is widely known that McMahon’s primary earnings come from WWE. His base salary is approximately $1.4 Million. Over this, he earns in stock awards, incentives, and other compensations. This pushes his yearly income to over $3 Million (approximately).
Undoubtedly, McMahon has his assets, but a number of his assets are aligned with WWE itself, such as The Superstars WWE creates.
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Vince McMahon, Triple H, and Top WWE Executives Make Healthy Profits Off Company Stock
Coming to Ted Turner, he started working at the age of 12 at his father’s advertisement company, Turner Advertising. Currently, he owns approximately $2 Million acres of land, making him the second-largest landowner. Apart from that, he owns 51,000 bison and ranches in Argentina.
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Currently, Turner is the Chairman of the UN Foundation as well as Turner Enterprises, Inc. While it may not be revealed, Turner is possibly earning a compensation of some form from this.
WWE ended WCW’s era
WWE and WCW went head-to-head with Monday Night Raw and Monday Night Wars in 1994. Monday Night Wars surpassed Monday Night Raw for 83 weeks consecutively. However, when they fell, it became difficult to rise again.
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WATCH: When Vince McMahon Officially Ended the Monday Night Wars
Finally, WWE bought WCW, and merged the two rosters. In fact, Vince McMahon cut an edgy-promo where he declared he had bought Monday Night Wars!