The 68-year-old professional wrestling promoter reportedly lost an estimated
The stock's tumble came a day after the company announced it had landed a new television deal with
The WWE is attempting to get 1 million subscribers for its network before the end of the year as the company strives to make up for lost business in pay-per-view and video on demand.
McMahon, who owns 52 percent of the WWE's stock, became a billionaire for the first time in 2000.
Most Popular Stories
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- The Rise and Fall of Richard Alarcon
- The 2014 Fastest-Growing 100
- Vancrest Assisted Living Project to Add 20 Jobs
- U.N. Renews Demand for Gaza Cease-Fire
- Nissan Profits Rise on Growth in U.S., China
- 'Sharknado' Sequel Has Bite and Lots of Laughs
- Fighting Blocks Investigators, Police From MH17 Crash Site
- Pending Home Sales Slipped in June
- VW Site Could Mean Another 2,000 Jobs for Chattanooga