Vince McMahon Lost 350 Million Yesterday And Is No Longer A Billionaire

Forbes - Vince McMahon lost $350 million as of market close on Friday, as shares in his WWE took a beating from investors. The stock was down more than 40% since the market open. In fact, the stock, which had closed just below $20 on Thursday, opened down below $11. That immediately knocked the WWE boss out of the billionaire ranks, putting his net worth now at an estimated $750 million.The stock fell after news that WWE had signed a new television deal with NBCUniversal for less than some investors had hoped. Benchmark analyst Mike Hickey estimated WWE got a 50% raise over its last TV agreement, but he expected the new deal to pay WWE double or triple its previous one.

Fuck. And I thought I had a bad day losing a couple grand betting horses. At least I didn’t lose 350 million. Although I guess anytime you can lose 350 million in a day you’re doing pretty well. Still it just doesn’t feel right for Vince not to be a billionaire anymore. Like if anybody on planet earth should be a billionaire it’s him. Maybe this is just a storyline? Like the NASDQ is on this? Has to be. I can’t wait to see how he comes over the top with his next move.