While Greece debt worries has been bodyslamming the market the past week, Vince McMahon’s World Wrestling Entertainment bounced off the its recent floor of $8.80 to push back in the mid-$9 a share range, helped a bit by wrestling’s debut on a Portugal television network. That gain has piled on $16.9 million to McMahon’s personal WWE fortune. He now has $400.3 million in WWE stock. Not bad for a guy who started out in his Dad’s wrestling promoting business flogging wrestling to a small part of Maine in the late 1960s. It’ll also likely help the funding prospects of McMahon’s wife Linda, who is running for the Senate seat Connecticut’s Joe Lieberman will be vacating.
source: forbes.com
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September 30, 2011
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