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November 19, 2009

McMahon Family's Vast Wealth Revealed in Senate Campaign Filing

Linda and Vince McMahon have $103.7 million in total assets and they received "at least" $8.97 million in salary and investment income from WWE during a period from January 2008 to October 2009.

The McMahons have $355.13 million worth of stocks, bank accounts, and other holdings, including a joint share of Stamford-based Bandito Entertainment, LLC and two properties in Boynton Beach, FL. (I believe it is actually Boca Raton, FL)

Linda McMahon has an investment portfolio with municipal bonds, mutual funds, and stock holdings, including $50,000 to $100,000 each in several industries, including notable names such as drugmakers GlaxoSmithKline and Novartis, technology companies Apple and Google, and financial services firms JP Morgan Chase and Goldman Sachs.

Vince McMahon holds four undisclosed assets recorded with a value of at least $1 million.

Linda McMahon's reported salary as CEO of WWE from January 2008 to October 2009 was $871,154. Vince McMahon's salary is recorded as $1,000. Vince receives his income from WWE through the company's Class B common stock designated for the McMahon Family.

source: connecticut post


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