Disgraced former WWE chief Vince McMahon has fallen from the Forbes 400 list of billionaires.
McMahon is still worth £1.98 billion, but failed to make the list of richest US citizens after resigning from WWE in January 2024.
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McMahon dropped out of the Forbes 400 for 2024 after ranking 366th last year.
Serious allegations of sexual assault and trafficking, which he denies, have tarnished his reputation.
He initially resigned as CEO and Chairman of WWE in June 2022 and was replaced by his daughter Stephanie.
But the 79-year-old returned six months later.
However, in In January, he permanently resigned from WWE and UFC parent company TKO Group Holdings. after being hit with disturbing allegations.
A an explosive new federal lawsuit has been filed against him which refers to an employee’s time spent with WWE from 2019 to 2022.
He was ordered to turn over documents regarding allegations of “rape, sex trafficking, sexual assault, commercial sexual transaction, harassment or discrimination against past or present WWE employees.”
McMahon sold his remaining shares in WWE in April for £588 million to officially end his ties with the world-famous wrestling organization.
The top 10 of the Forbes 400
The 10 richest American citizens are:
- Elon Musk – $224 billion
- Jeff Bezos – $197 billion
- Mark Zuckerberg – $181 billion
- Larry Ellison – $175 billion
- Warren Buffett – $150 billion
- Larry Page – $136 billion
- Sergei Brin – $130 billion
- Steve Ballmer – $123 billion
- Bill Gates – $107 billion
- Michael Bloomberg – $105 billion
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And a new Netflix documentary, called Mr. McMahondelved into his rise to power and subsequent fall.
McMahon had offered insight into his life and career and wanted to respond to allegations made against him by a former wrestler in 2022.
But the controversial ex-CEO abandoned the final stages of filming this year.
He recently broke his silence to claim the show was “distorted” and unfairly covering him.
McMahon also accused the streaming giant of using “typical editing tricks” to “support a misleading narrative.”
He ended his 170-word statement by insisting that there are “two sides to every story.”
The third-generation promoter purchased WWE from his father Vince Sr in 1982.
The wrestling company is now owned and operated by TKO Group Holdings.
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