Vince McMahon built an empire by being bold, daring, bombastic, and fearless. Those traits made him a billionaire and world-famous, and at times it got him into trouble.
His incredible half-century professional wrestling career ended when he announced his retirement as CEO and chairman of the WWE.
The 77-year-old has been in the news a lot of late after news emerged that his board was looking into settlements that the boss reached with former female employees.
He shared some thoughts in a statement released in conjunction with his retirement.
“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand.
“Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment. I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment.”
His daughter Stephanie McMahon and Nick Khan will serve as Co-CEO, and son-in-law Triple H runs the Talent Relations side of the business.
McMahon grew up in the wrestling industry and started his career as a ring announcer for his father. He has become the face of the company and sport ever since he purchased it from his father in 1982 and had his hand in all aspects of the business, from storytelling to corporate structure.