Billionaire Vince McMahon of WWE fame loses 1/3 of his fortune in a day

[JEDI]

http://www.thepostgame.com/blog/dis...n-loses-350-million-third-his-fortune-one-day

Started the day w/$1B.
loses $350M when shares of WWE dropped from $20.13 to $11.27 in a day on not so great news.

what's worse, back in march, he was worth $1.6B.

so he lost more than half his peak fortune in 2 months

 

[SunnyD]

$350M, not $350B. He's not that rich.

 

[Newell Steamer]

Stephanie McMahon has huge cans.

 

[Sonikku]

Dang, going to have to get by on 350 mil. My condolences. :'(

 

[momeNt]

What can we do to help? If everybody in the US sent him a dollar, we could restore almost all of what he lost, at almost no cost to any single individual.

What do ya say?

 

[Jodell88]

 

[dr150]

Thanks for the news. Guess I should've programmed a limit order on this one.

Glad I have Bitcoin and Blackberry to buoy me.

 

[dank69]

Hopefully this means his wife will stop running for public office.

 

[mammador]

er....and?

I don't hate the rich, nor envy/resent them...Though I like how the media present it's a "sin" to be rich..

 

[Hugo Drax]

er....and?

I don't hate the rich, nor envy/resent them...Though I like how the media present it's a "sin" to be rich..

They do?

Never got that impression.

 

[techs]

Almost everything written about McMahon says he is a super prick. A great businessman and a terrible human being.

 

[MixMasterTang]

By your calculations he is no longer a billionaire. Should change title to EX-billionaire.

 

[disappoint]

http://www.thepostgame.com/blog/dis...n-loses-350-million-third-his-fortune-one-day

Started the day w/$1B.
loses $350B when shares of WWE dropped from $20.13 to $11.27 in a day on not so great news.

what's worse, back in march, he was worth $1.6B.

so he lost more than half his peak fortune in 2 months

Billionaire Vince McMahon of WWE fame loses 350 times his fortune in a day

Just kidding OP but you've got to expect some ribbing for that error lol.

 

[disappoint]

Almost everything written about McMahon says he is a super prick. A great businessman and a terrible human being.

Aren't most of them?

1) The middle class didn't eat itself.
2) The govt. didn't corrupt itself.
3) ...
4) Prophet.

But both groups did allow it to happen. So they did play some part.

Who cares how much of his fortune he lost? He's too big to fail. Even if he lost all of it he can take his private jet down to BrainWashington with a tin cup in his hand and ask for a handout to the tune of Billions. Can they fit a tin cup that big on a private jet? If not maybe he can get himself an Airbus A380.

I know , I know. We've been over this too big to fail thing before. And I was told the economy would have collapsed if the gov't didn't capitulate to the demands of failing businessmen. I was also once told there would be no maths though, and I remain yet unconVinced on both counts.

 

[JEDI]

$350M, not $350B. He's not that rich.

Billionaire Vince McMahon of WWE fame loses 350 times his fortune in a day

Just kidding OP but you've got to take some ribbing for that error lol.

fixed :embarrassed:

 

[preslove]

They do?

Never got that impression.

Sounds like he's an idiot dito-head who got that from Rush or some other right-wing loon.

 

[Sheep]

He hasn't lost it unless he inexplicably decides to ditch his stock right now, which he obviously won't do.

 

[disappoint]

er....and?

I don't hate the rich, nor envy/resent them...Though I like how the media present it's a "sin" to be rich..

They do?

Never got that impression.

Nobody in his right mind thinks it's a "sin" to be rich. To be rich through the use of con artistry and corruption though...well let's just say...there ought to be a law! I've got nothing against a man that sees an opportunity, a demand for something and supplies that demand as long as no one gets hurt unwillingly (thinking of drugs here and also cracked skulls due to sports...where to draw the line? well that's off topic in OT. A topic for a different thread maybe...) Now where was I before I went on this opposite over adjacent? Oh yeah, I've got nothing against someone who sees a demand and gets rich off of it, but if he fails and goes to BrainWashington with a tin cup I remain uncon

Spoiler

artist

Vinced they should get a dime of taxpayer money from a Gov't up to their eyeballs in debt. Unless, of course the Gov't is running a con of it's own to the benefit of it's own people, and that Gov't is ours...:whiste:

 

[Shlong]

His paper wealth, I'm sure he has some money in other places.

 

[Clinkster]

He hasn't lost it unless he inexplicably decides to ditch his stock right now, which he obviously won't do.

Well his net worth just dropped dramatically; it's more like a figure of speech.

 

[waggy]

Almost everything written about McMahon says he is a super prick. A great businessman and a terrible human being.

actually he is a pretty good person. well when not in a business deal with him.

He has for years he had WWE support the troops overseas. They also sponsor many different organizations to help the troops when they come back home. not to mention all the community stuff they do and the huge involvement with "make a wish".

also recently they are supporting USA wrestling.


yes its the WWE and not in his name. but he owns it and even in books wrestlers have written they have said how much he gives and encourages them to help also.

 

[bradly1101]

Stephanie McMahon has huge cans.

And they said money can't buy you love, except certainly not in Mr. Sterling's case.

 

[z1ggy]

Dang, going to have to get by on 350 mil. My condolences. :'(

Lol, exactly what I thought. Awww poor Vinnie, only worth more than 99.98 percent of the world now? Darn!

 

[Eug]

I wouldn't shed a tear if WWE went bankrupt.

 

[gorcorps]

He didn't lose money, he lost current worth. He could just as easily be worth even more tomorrow than he was yesterday.