WWE chairman and CEO Vince McMahon has seen his personal wealth nearly double over the past year.
That is according to Forbes, who has published its annual Billionaires List, ranking McMahon at No.691 in the world with an estimated personal haul of $3.2 billion, with his net worth increasing by $1.5 billion.
A new Security and Exchange Commission (SEC) filing detailing the company's top executives has been sent out to stockholders and reveals that McMahon raked in a $5.6 million salary in 2018, nearly twice as much as the $3 million he took home the previous year. The increase is believed to stem from over $1.5 million in stock awards, as well as a significant hike in his non-equity incentive plan compensation.
WWE executive vice president Paul Levesque, A.K.A Triple H - who also oversees talent, live events and creative - made over $5 million last year, with $3 million of that sum categorized as "other compensation" made up of "principally of performance fees and royalties paid to Mr. Levesque as one of the company's top talent".
The company's other highest-paid execs for 2018 were George Barrios, the co-president and principal financial officer and Michelle Wilson, another co-president. The pair made around $9.1 million each, with $7 million coming in the form of stock awards. Executive producer Kevin Dunn was paid $5.9 million, inclusive of $4.1 million in stock awards.
WWE stock was valued at 82.61 at the time of writing, meaning that the company is valued at $6.45 billion.
Meanwhile, AEW owner Shahid Khan has topped McMahon on the Forbes list, coming in at No.224 with a $7.2 billion net worth. Amazon owner Jeff Bezos' $131 million places him at No.1.
What This Means
This all comes as no surprise. Despite the general sense of dissatisfaction among WWE fans, the company is becoming more valuable and will likely keep churning the billions for years to come.
But we now know just how much backing AEW has and we will see how much of a threat the new company poses in future.