Simplify the following text for a Grade 11 native English-speaking person.
Original: Vincent Kennedy `` Vince '' McMahon ( born August 24 , 1945 ) is an American professional wrestling promoter , announcer , commentator , film producer , actor and former occasional professional wrestler , and is often referred to as the archetypal wrestling magnate .
Simplified: Vincent Kennedy McMahon , better known as Vince McMahon or Mr. McMahon ( born August 24 , 1945 ) is an American business man , wrestling promoter , professional wrestler , and movie producer .