Despite being Vince McMahon’s son, American entrepreneur Shane McMahon, who has a net worth of $100 million, has developed a distinct reputation in both the WWE and the business world as per celebritynetworth.
He is the executive vice-chairman of Ideanomics and a minority owner and producer of the WWE.
Shane began his career in the WWE at the age of 15 with the help of his father, where he originally filled orders at the company’s warehouse.
Afterward, he began to play bigger roles in the company, rising to rank as Executive Vice President of Global Media for WWE. As a professional wrestler, he won numerous titles.
Despite his successes in the WWE, Shane resigned in 2009 to start his own entertainment company, YOU On Demand, where he served as the CEO.
Three years later, he voluntarily stepped down as CEO but remained a strong presence on the board of directors. In 2016, Shane returned to the WWE and participated in a match against Kevin Owens.
WWE Stock Holdings
Approximately 2.5 million equity shares in WWE’s common stock that Shane owns have recently varied in value between $40 million to $225 million.
Wrestling Career
Shane, also known by his stage name “Shane Stevens,” first appeared in the WWE in 1988 and 1990 as a referee.
He then worked as a backstage assistant before returning to his previous job. By 1998, he became a recurring character in the WWE plot, mostly because his father conflicted with Stone Cold Steve Austin.
Also, he had a career as a TV announcer and pundit for wrestling video games. Shane joined The Corporation after his father demoted him to referee.
Shane changed his attention to professional wrestling with The Corporation, where he succeeded by defeating X-Pac for the European Championship.
He then joined forces with The Undertaker and the Ministry of Darkness to seize control of The Corporation and establish the Corporate Ministry.
The most prominent plotline for Shane featured a ladder match that he could win for a briefcase containing 100% of the WWF.
Shane’s conflict with Test, the lover of his sister Stephanie Mcmahon, was another interesting plot line. Shane was attacked by Triple H and D-Generation X because they conflicted with his father.
On-screen and off-screen love blossomed between Triple H and Shane. Shane vanished on television after a fall off a stage during a match with Steve Blackman.
In 2016, Shane returned to the WWE, competing at WrestleMania and other shows as a part of a plot in which he fought for control of “Raw.”
At this time, he engaged in major disputes with Sami Zayn and Kevin Owens. After a brief layoff, Shane made a comeback on a “Raw” episode in 2020. During his appearances, he is renowned for donning a baseball shirt.
Entrepreneurial Career
McMahon has been heavily involved in the business side of WWE since he was a teenager. While beginning as a warehouse employee, he later assisted in constructing the business’s official website and eventually earned the respect necessary to make crucial decisions for the business.
McMahon played a key role in negotiating several significant agreements for WWE, including a TV deal in Brazil for WWE event broadcasts and a subsequent agreement in Mexico.
When McMahon left WWE, a lot of people were shocked. After leaving, McMahon was appointed CEO of China Broadband Inc. and You On Demand, the country’s first video-on-demand service.
He also sits on the Board of Directors for International Sports Management and is a co-owner of a motorbike shop.
