Vince McMahon , Jr . Vincent Kennedy " Vince " McMahon ( August 24 , 1945 ) is an American professional wrestling promoter , announcer , commentator , film producer , actor and former occasional professional wrestler . McMahon is the Chairman , CEO and Chairman of the Executive Committee of professional wrestling promotion WWE inc . Upon acquiring World Championship Wrestling ( WCW ) and Extreme Championship Wrestling ( ECW ) , McMahon ' s WWE became the sole remaining major American professional wrestling promotion ( until the national expansion of Total Nonstop Action Wrestling and Ring of Honor ) . As an on - camera character , he can appear on all WWE brands ( though the majority of the time , he appears on " Raw " ) . McMahon plays a character known by the ring name Mr . McMahon , based on his real life persona . In the world of WWE , he is a two - time world champion , having won the WWF Championship and ECW World Championship . He was also the winner of the 1999 Royal Rumble . Vince is the husband of Linda McMahon , with whom he ran WWE from its establishment in 1980 until she resigned as the CEO in September 2009 . In storyline , McMahon has been relieved of his duties as Chairman & CEO , and has been succeeded by his real - life son - in - law , Triple H . Early life . McMahon was born on August 24 , 1945 in Pinehurst , North Carolina . McMahon ' s father , Vincent James McMahon , had left the family while McMahon was still a baby , taking his elder son , Rod , with him . McMahon did not meet his father until age 12 . Vince spent the majority of his childhood living with his mother and a string of stepfathers . According to an interview with " Playboy " , he attended and graduated , in 1964 , from Fishburne Military School in Waynesboro , Virginia . McMahon claimed one of his stepfathers , Leo Lupton , used to beat his mother and attacked him when he tried to protect her . He said , " It is unfortunate that he died before I could kill him . I would have enjoyed that . " In his early life , McMahon also overcame dyslexia . Personal life . Family . McMahon married Linda McMahon on August 26 , 1966 in New Bern , North Carolina . The two met in church when Linda was 13 and Vince was 16 . At that time McMahon was known as Vince Lupton , using his stepfather ' s surname . They were introduced by Vince ' s mother , Vicky H . Lupton ( now Vicky H . Askew ) . They have two children , Shane and Stephanie , both of whom have spent time in the WWF / E both onscreen and behind the scenes . Shane left the company as of January 1 , 2010 ; while Stephanie continues to be active in a backstage role . McMahon has six grandchildren : Declan James and Kenyon Jesse McMahon and a grandson born in 2010 , sons of Shane and his wife Marissa ; and Aurora Rose , Murphy Claire & Vaughn Evelyn Levesque , daughters of Stephanie and her husband Paul " Triple H " Levesque . Wealth . McMahon has a $ 12 million penthouse in Manhattan , a $ 40 million mansion in Greenwich , Connecticut , a $ 20 million vacation home , and a 47 - foot sports yacht named " Sexy Bitch " . " Forbes " has noted McMahon ' s wealth at 1 . 1 billion dollars , backing up the WWE ' s claim he was a billionaire for the year 2001 , although he was reported to have since dropped off the list between 2002 and 2013 . In 2014 , McMahon returned to the " Forbes " list , with an estimated net worth of $ 1 . 2 billion . Harassment allegations . Rita Chatterton ( ring name : " Rita Marie " ) was a former referee who is noted for her stint in the WWF in the 1980s . She is known for being the first ever female referee in the WWF , possibly in pro wrestling history . Her times there , however , were shrouded in controversy , due to sexual harassment charges against owner McMahon . On April 3 , 1992 , Chatterton made an appearance on Geraldo Rivera ' s television show " Now It Can Be Told " alleging that on July 16 , 1986 McMahon tried to force her to perform oral sex on him in his limousine and , after her rebuttal , subjected her to rape . On February 1 , 2006 , McMahon was accused of sexual harassment by a worker at a Boca Raton , Florida tanning bar . At first , the charge appeared to be discredited because McMahon was in Miami for the 2006 Royal Rumble at the time . It was soon clarified that the alleged incident was reported to police on the day of the Rumble , but actually took place the day before . On March 27 , a Florida television station reported that no charges would be filed against McMahon as a result of the investigation . Legal trial . In 1993 , he was indicted after a steroid controversy engulfed the promotion . McMahon was put on trial in 1994 , accused of distributing steroids to his wrestlers . One former wrestler , Nailz , was called by the prosecution to testify against McMahon , stating that Vince encouraged him to start using steroids . Ultimately , the jury disregarded his testimony after he claimed he hated McMahon . His wife Linda became CEO of the WWF during the trial . He was acquitted of all charges though he admitted to taking steroids himself in the 1980s . The prosecution made Hulk Hogan its star witness , however , when called to testify , Hogan stated that at no time did Vince McMahon ever sell steroids .