Forbes Recognizes Vince McMahon as a Billionaire

Forbes has listed Vince McMahon on their 2014 list of billionaires, listing his personal wealth at $1.2 billion. Vince received a mention in the "notable newcomers" part of the list.

Vince's personal wealth has been over $1 billion before but this is the first time Forbes has recognized him. Here's what they wrote:

"A third generation wrestling promoter, McMahon grew up in a trailer park in North Carolina and joined his father's small wrestling company in 1972. Purchased the business 10 years later, then transformed the World Wrestling Federation from a regional operation into an international phenomenon. WWE went public in 1999 and today its programs are broadcast in nearly 150 countries and more than 30 languages."