Business

Vince McMahon is stepping down: 5 things to know about new WWE CEO Stephanie McMahon

Meet the new boss.

Stephanie McMahon takes over WWE from World Wrestling Entertainment Inc.
+0.02%
Chair and CEO after her father Vince McMahon resigned amid an investigation into his “alleged misconduct” towards an employee.

The WWE is looking into that a secret $3 million deal that McMahon, the former chairman and CEO, also known as “The Boss” and “The Chairman” of the world’s largest professional wrestling promotion company, reportedly paid an employee with whom he was allegedly having an affair, according to Wall Street Journal.

See also: Why is crypto crashing? Mark Cuban Says, “Crypto Going Through The Doldrums The Internet Has Been Going Through”

Stephanie McMahon previously served as WWE’s Chief Brand Officer and will be running things in the meantime.

“Pending the completion of the investigation into the recent allegations, I am honored to assume the role of interim chair and CEO,” she tweeted. “I love @WWE and all it continues to do to entertain billions around the world.”

Here are five things you should know about WWE’s new CEO.

Wrestling runs in the family.

As mentioned above, Stephanie McMahon is Vince McMahon’s daughter. But she’s also the fourth generation in the McMahon family to be either a wrestling or boxing promoter. The tradition goes back to her great-grandfather Roderick “Jess” McMahongrandfather Vincent J McMahonand her father, Vince K. McMahon

Also See: Vince McMahon Performs Live on WWE’s SmackDown

She is also a former professional wrestler.

Stephanie McMahon has made dozens of appearances as a pro wrestler at various WWE events including WrestleMania and Smackdown. Her WWE storylines and events include “Vengeance 2003” and “1999 Raw,” according to a Bleacher report Article about her career, which described her as “a scavenger who waits for someone else’s prey to fall before pouncing on it”.

She is married to a professional wrestler.

Stephanie McMahon has been married to WWE wrestler Paul “Triple H” Levesque since 2003. It was a case of life imitating art, as McMahon and Triple H had an “on-screen” romance that culminated in them getting married for a WWE event in 1999.

See Also: Florida Declares Pro Wrestling an ‘Essential’ Business

She and Triple H have even occasionally competed in WWE events as a couple throughout their careers. The dynamic duo wrestles together under the name The authority.

Her net worth is reportedly around $150 million.

Stephanie McMahon and her husband Paul “Triple H” Levesque have a combined net worth of $150 million. celebrity net worth estimates.

See also: How a Millionaire Outbid a Billionaire to Buy the Golden State Warriors in 2010

In addition to her C-suite roles with WWE, McMahon owns millions of dollars in WWE common stock as of 2020, according to a SEC Filing. WWE stock traded just above $62 on the day she was named interim CEO on Friday, June 17.

She took some time off before becoming interim CEO.

Last month, citing her family, Stephanie McMahon announced that she was taking a leave of absence from her WWE duties as Chief Brand Officer. “WWE is a lifelong legacy for me and I look forward to returning to the company I love after taking this time to focus on my family,” she tweeted.

That wrestling watcher reported that McMahon would eventually return, but there was no timetable for her return — until she was named the new CEO this week.

https://www.marketwatch.com/story/vince-mcmahons-daughter-stephanie-mcmahon-is-the-wwes-new-ceo-11655489500?rss=1&siteid=rss Vince McMahon is stepping down: 5 things to know about new WWE CEO Stephanie McMahon

Brian Lowry

InternetCloning is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@internetcloning.com. The content will be deleted within 24 hours.

Related Articles

Back to top button