WWE owner Vince McMahon lost a lot of money.

How much is a lot? How about $350 million.

McMahon’s World Wrestling Entertainment Company’s stock plummeted¬† on Friday by over 40%, falling from $29.12 to $19.96.

Imagine “The Rock” laying the smacketh downeth on his candy a**, then he gets up and stumbles into a choke-slam by the “Big Show”.

The WWE recently agreed to a new contract with NBC Universal to keep the show on cable networks, USA and Syfy, but the price of the agreement is said to be lower than what investors expected. As a result, McMahon was a billionaire on Thursday morning, and a millionaire by Friday afternoon. According to Forbes, McMahon now has a net worth of only $750 million.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From 100.3 Jack FM - Dallas, TX

Radio.com App
All Access Pass With Billy Kidd
WIN Stuff

Listen Live