Shane McMahon, son of Vince and Linda, is not just a former WWE wrestler and executive but also a notable entrepreneur. As a minority owner and producer in WWE and the executive vice-chairman of Ideanomics, Shane has made a mark in both the wrestling and entrepreneurial fields.
As Shane grew older, he immersed himself more in WWE, taking on roles such as referee, announcer, and wrestler. Off-camera, he climbed the ranks to become WWE’s Executive Vice President of Global Media. In his professional wrestling career, he clinched several titles. His net worth stands at $100 million.
Shane holds around 2.5 million equity shares of WWE’s common stock. At various times recently, the worth of these shares has fluctuated between a low of $40 million and a high of $225 million. The most recent SEC filings reveal that Shane McMahon owns approximately 0.8% of WWE. (Via Celebrity Net Worth)
The McMahon family collectively owns about 44% of the outstanding shares of WWE. Institutional investors, mutual funds, and other individual investors hold the rest of the shares. Beyond their ownership stake, the McMahon family maintains control over WWE through their key executive positions within the company.
Shane McMahon’s current role
Shane McMahon currently undertakes an ambiguous role. His surprise wiggles back into WWE crowned his last presence at WrestleMania 39 in 2023, where he locked horns with The Miz unprepared.
Shane accidentally tore his quad muscle during the match and they had to escort him out of the arena. In the following days, he underwent surgery for his injury.
Dutch Mantell, a veteran wrestler, sympathetically regarded Shane’s injury as “embarrassing.” Snoop Dogg stepped in for Shane in the match and emerged victorious over The Miz. You can find the full match between The Miz and Shane McMahon on YouTube.
Nevertheless, multiple sources prove to be unsure about McMahon’s contract with the WWE enterprise, thus leaving his continued active engagement up for speculation.
McMahon’s recent turbulence notwithstanding, a portion of fans and experts consider him to possess remarkable promoting potential, even foreseeing him as a future WWE boss.
The suspense thickens on the future that awaits Shane McMahon in 2023 and beyond in terms of his bonding with WWE.