WWE news: Vince McMahon's net worth takes remarkable jump over last three months

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It is fair to say that the year 2020 has not gone as Vince McMahon's WWE would have liked.

Forced to stage all shows, including WrestleMania, behind closed doors since March 13, the company has missed out on a significant amount of revenue.

The COVID-19 pandemic has also seen the company lose access to several of its biggest superstars, as the likes of Kevin Owens, Sami Zayn and Roman Reigns have opted to stay away from the company's television tapings due to health and safety concerns.

To top all this off, WWE lost its top female superstar in May when Becky Lynch announced that she was pregnant. Each of these factors have played a part in the decline of WWE television ratings in recent months.

So bleak, it seemed, was WWE's forecast for the future, the promotion released a number of superstars and office staff in mid-April as part of cost-cutting measures.

It would not be unreasonable, then, to assume that the net worth of McMahon might have taken a bit of a battering in view of some of WWE's current woes.

However, it seems nothing could be further from the truth!

According to a report from talkSPORT's Alex McCarthy, the 74-year-old's net worth actually increased by some $177 million (approx. £143 million) in the three months from March to June this year.

This gain takes McMahon's overall net worth to a staggering $1.98 billion, as per The Middletown Press.

The figures - published by the news outlet based in WWE's corporate home state of Connecticut - show that McMahon has financially flourished at a time where much of the world is struggling badly.

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The increase is even more surprising when you consider that McMahon's second attempt at running his American football league - the XFL - also folded in the period.

McMahon's saving grace during the economic downturn, though, has undoubtedly been the long-term deals that he struck prior to the pandemic. 

WWE has lucrative US television deals in place with both the USA Network and FOX, both of which are huge earners for the promotion.

This stream of income is reportedly a major reason why McMahon has gone to great lengths to ensure that WWE has been able to provide brand-new episodes of both RAW and SmackDown during the pandemic.

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In addition, WWE's bi-annual super shows in Saudi Arabia may be somewhat controversial, but they do much to swell the company's coffers each year. 

Vince McMahon has a reputation amongst those who know him as one of the hardest-working men on the planet.

In fact, it has even been suggested that McMahon hates sleep - as it interrupts his opportunity to work. That work, though, continues to pay off in a big way judging by these recently released numbers.

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