Linda McMahon Recalls Losing Everything After Investing In Construction While Building WWE With Vince McMahon

In the early 1980s, Vince McMahon purchased WWE from his father. Vince and his wife Linda McMahon established Titan Sports, Inc, which was used to purchase Capitol from Vince Sr.

Speaking to Sage Steele, Linda was asked if there was ever a concern that things wouldn’t work out with WWE growing.

“No, because we were building as we went. However, during that time, we did have an accountant who suggested that we were putting all of our eggs in one basket, and we should diversify a little bit. He made some suggestions that we should invest in a construction company. We knew absolutely nothing about it. We put money into some construction accounts, co-signed on some loans. That went belly up, which eventually put us into bankruptcy. It wasn’t the wrestling side of what we were doing, but it was the other side that we invested in, outside of what we were doing with wrestling. We lost everything. My house was auctioned off. My car was repossessed in the driveway. I was pregnant with Stephanie. I know what it’s like to lose everything,” she said.

Linda currently serves as the United States Secretary of Education.

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