In 1982, Vince McMahon bought WWE from his father for $1 million. Four decades later, McMahon made the company worth more than $9 billion.
Last April, Vince McMahon signed a definitive agreement with Endeavor to merge WWE and UFC to form TKO Group Holdings. The deal was closed last September.
Recently, UFC CEO Dana White stated in an interview that Vince McMahon saw everyone as a competitor, even though others were not competitive for McMahon’s product.
Last Tuesday, Vince McMahon sold 8.4 million shares of TKO and earned net proceeds of $641,844,000. Many people believe McMahon is only focusing on money. However, WWE Hall of Famer The Undertaker stated during an interview with Bill Apter that McMahon isn’t just motivated by money. The Phenom added that McMahon wanted to make the product better as well.
“Not motivated by money. He’s [Vince] motivated by making the product better. Not in the same sense that most people are motivated by money. I mean, he wants to obviously make money, he wants to draw money, he wants to increase the value of the company and all of that, but personal wealth is not on his radar, I don’t think, but definitely making the product better is always first and foremost on his mind.”The Undertaker