September 17th, 2012 9:56 pm EST
The McMahon Family is Worth Roughly $500 Million
Linda McMahon, wife of Vince McMahon, Chairman and CEO of WWE (World Wrestling Entertainment), is currently running for the US Senate.
Linda McMahon, a Republican, ran for a Connecticut Senate seat in 2010, eventually losing to Richard Blumenthal.
Linda McMahon is trying her luck again this year, running for Connecticut's other Senate seat that is being vacated by Joe Lieberman. McMahon is squaring off against U.S. Congressman Chris Murphy, and the two sides are already lobbing bombs at each other.
Linda McMahon reportedly spent $50 million of her own money running for Senate in 2010, and will likely spend tens of millions of dollars once again this year. The question that many people are wondering is - just how much is the McMahon family worth?
Now, there are only a few people in this world that know exactly what the McMahon's are worth - Vince, Linda and their accountants.
However, based on publicly available information, we can paint a fairly accurate picture of their current financial situation.
Let's start with Vince McMahon's stake in WWE. McMahon currently owns 39,722,641 of the company's Class B shares - McMahon owns roughly 37 million shares directly and the rest through a trust.
Shares of WWE (World Wrestling Entertainment Inc.) are currently trading for roughly $9 per share, which values McMahon's stake at roughly $360 million.
WWE currently pays a quarterly dividend of $0.12 per share, which gives the McMahon family a nice infusion of cash every quarter.
The McMahon family also has a portfolio of investments that includes everything from shares in Apple to municipal bonds to investments in private hedge funds. According to Linda McMahon's Senate financial disclosure (2011), the family earned beteween $8.2 million and $29.9 million for the 12 month period ending October 20th, 2011.
The McMahon family also reportedly owns:
-$40 million mansion in Greenwich, Connecticut
-$20 million vacation home
-$12 million penthouse in Manhattan
All told, as if September 17th, 2012 (the day that this article was written), Linda and Vince McMahon are worth roughly $500 million.
Source: Vince McMahon Net Worth