Vince McMahon ... A Billionaire No More ...
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It was a bad year for Vince McMahon. How bad? Well, he went from being a billionaire down to just a "lowly" multi-millionaire. Forbes magazine just put out their annual billionaires list. In it, they also listed who didn't make the cut from last year's group. Vince McMahon was one of those who dropped from last year's list. Last August, Forbes placed his net worth at $1.1 billion. Now, they say that he is "only" worth $700 million. Forbes pinned the losses on the XFL, but obviously, the fact that the WWF's stock has dropped precipitously from last year (which true, is in part due to the XFL) is the main reason for his losses.