While many have been without jobs or subjected to a decrease in hours and pay, the upper echelon seems to continue to get richer during the coronavirus pandemic. This includes WWE CEO Vince McMahon, who has seen his net worth increase by $177 million.
Reported by Connecticut newspaper The Middletown Press, using data from political advocacy groups in the state, McMahon’s net worth has risen nearly 10 percent to $1.98 billion amid the pandemic. He has managed to increase his wealth while the WWE has laid off 30 wrestlers and even more employees including referees, announcers, trainers, on-screen personalities, and office staff.
The company has also been directly hit by the virus, as four employees have been confirmed to test positive for COVID-19, while reports suggest up to two dozen staffers may have the virus. “WWE will continue COVID-19 testing of its talent, production crew and employees in advance of TV productions for the foreseeable future,” an official statement reads.
McMahon was also forced to shelve a second attempt at relaunching the XFL during the pandemic, leading the organization to file for bankruptcy.