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.