Shane McMahon WWE Stock: Will Vince McMahon’s Son Lose His Money After Sudden Release?
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Vince McMahon single-handedly revolutionized the pro-wrestling and became the owner of the biggest wrestling promotion on the face of this planet – WWE. However, he is not alone in his quest for greatness. WWE is a publicly-traded company and just like other companies, there are descendants who have a certain number of stocks.
For years now, the WWE Universe has discussed that the chairman Vince McMahon trusts the company’s COO, Triple H more than his son Shane McMahon.
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However, in the wake of the recent turn of events, let’s look at how Shane McMahon’s WWE firing has affected his stock ownership of his father’s company.
Does Shane McMahon own WWE stock?
Shane McMahon made his surprise in-ring return at the Royal Rumble premium live event. However, this joy didn’t last long as WWE recently released the younger McMahon from the company.
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Now, with Shane out of the company what is the situation of his stocks ownership? Here is the answer. WWE has two share classes, Class A (common shares) and Class B (preferred shares).
According to Celebrity Net Worth, Shane McMahon owns around 2.5 million equity shares of WWE’s stock which in terms of dollars worth well over $200 million.
However, with his latest release from the company, it seems a matter of question whether his stock ownership will be affected or not.
Who owns most WWE shares?
WWE boss Vince McMahon has the most voting power with 83%, which is far more than Linda, Shane, and Stephanie McMahon. However, Vince just has 37.6% of shares.
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With a 37.6% share, Vince is the one with the most shares of the company. This is something that should not come as a surprise to anyone as the WWE fans know that Vince likes to be in control.
However, back in the 90s, it seemed like Vince would entrust the company’s future with Shane whenever he came of age because Shane was a regular fighter back in the late 90s.
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However, Vince put his faith in his son-in-law Triple H and for the most part, he did not disappoint him. Interestingly, even to this day, Triple H does not have much voting power in the company.