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‘Done for Good’: Fans Turn Hostile Towards Vince McMahon as WWE Investigation Uncovers $5 Million Transactions

Published 08/12/2022, 7:30 AM EDT

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Prior to announcing his retirement, Vince McMahon was under investigation for paying hush money to a few female employees. As per reports, he paid the money to hide the relationships.

A few days after that, Wall Street released a statement in which they mentioned more personal payments made by Mr. McMahon. However, recently there was additional money found in the WWE investigations.

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Brandon Thurston shared a tweet in which he talked about the extra payments made by Vince McMahon was found. He wrote in the tweet, “New filing from WWE saying they’ve found 2 additional payments together worth $5 million.”

This new $5 million payments now rounds off to the unrecorded expenses of $19.6 million total, which includes the previous amounts, too. Mr. McMahon should have shown these payments in company records. However, he didn’t and used it as a personal expense.

The update comes after a disclosure of $14.6 million in previously unrecorded expenses paid out by McMahon, and his retirement from the company.

Mr. McMahon announced his retirement from all the roles of WWE in late July. He gave the reason of him being turning 77-years-old and need to spend time with family and take care of his health.

The fans, after finding out about the new payments, shared their reaction on Twitter. The WWE Universe wondered if McMahon made all those payments, then how he was still rich.

This fan thinks McMahon will hit the $20 million mark soon.

Some fans opined about how the audits were done in the company for all those years when Vince McMahon was the boss.

McMahon’s daughter, Stephanie McMahon, took over as co-CEO and chairperson with WWE president also being the co-CEO. Also, her husband and WWE legend Triple H is now in charge of the company’s creative content. There are a lot of changes made in the management after Vince McMahon announced his retirement.

What is the net worth of Vince McMahon?

Vince McMahon announced his retirement from all the roles of WWE ahead of the latest SmackDown episode. After his retirement, (Chairperson) Stephanie McMahon and (President) Nick Khan are Co-CEOs of WWE. However, he will hold the major part of the shares of WWE by holding a total of 51% of the company.

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“WWE Could Be for Sale”: Finance Gurus Suspect Billion and Trillion Dollar Companies to Buy Vince McMahon’s Brainchild

According to FORBES, the net worth of Mr. McMahon, at his current age of 76 years old, is $2.4 billion. On top of that, all the money he has earned has been generated from WWE only. He does not have any other source of income apart from WWE.

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McMahon is a money-oriented person when it comes to the business aspects of WWE. One can’t deny that he has always tried to portray things that will generate more money. However, he struggled initially but later minted a lot of money through WWE.

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Written by:

Tushar Deogharkar

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Tushar Deogharkar is a WWE writer at EssentiallySports. Tushar has done his Master's in Tourism Management and is an ardent fan of pro wrestling. He follows WWE and AEW very closely and wants to learn how the promotions are run.
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Edited by:

Sreeda U M