How much is Linda McMahon Net Worth?Linda Marie McMahon is an American political executive, former Trump administration official, and former professional wrestling executive and performer. She served as the 25th administrator of the Small Business Administration from 2017 to 2019.
United States of America
Linda Marie McMahon
October 4, 1948
Linda McMahon Net Worth
Linda Marie McMahon is an American political executive, former Trump administration official, and former professional wrestling executive and performer. who has a total Net Worth of 2 Billion Dollars, as of , According to Forbes And Fulloaded Update.
Linda McMahon Biography
Linda Marie McMahon (née Edwards; October 4, 1948) is an American political executive, former Trump administration official, and former professional wrestling executive and performer. She served as the 25th administrator of the Small Business Administration from 2017 to 2019.
McMahon, along with her husband, Vince McMahon, founded sports entertainment company Titan Sports, Inc. (today WWE) where she worked as the president and later CEO from 1980 to 2009. During this time, the company grew from a small regional business in the northeast to a large multinational corporation. Among other things, she initiated the company’s civic programs, Get REAL and Smackdown Your Vote. She gave occasional on-screen performances, most notably in a feud with her husband that culminated at WrestleMania X-Seven.
In 2009, McMahon left the WWE to run for a seat in the United States Senate from Connecticut as a Republican, but lost to Democrat Richard Blumenthal in the general election of 2010. She was the Republican nominee for Connecticut’s other Senate seat in the 2012 race, but lost to Democrat Chris Murphy.
On December 7, 2016, Donald Trump (president-elect at the time) announced that he would nominate McMahon to be Administrator of the Small Business Administration. The Senate confirmation hearing began on January 24, 2017, and on February 1, her nomination was approved by the Senate Committee on Small Business and Entrepreneurship with an 18–1 vote and confirmed by the full Senate on February 14, by a vote of 81–19.
On March 29, 2019, the Trump administration announced McMahon would step down as the administrator of the Small Business Administration to assume new responsibilities within President Trump’s reelection campaign, and the resignation took effect on April 12. On April 15, she was named chairwoman of America First Action, a pro-Trump Super PAC.
Linda McMahon Early life
McMahon was born Linda Marie Edwards in New Bern, North Carolina, the daughter of Evelyn and Henry Edwards. She was an only child and grew up as a “tomboy” playing basketball and baseball. Her parents were both employees at Marine Corps Air Station Cherry Point, a military base. She grew up in a conservative Baptist family, but converted to Roman Catholicism in her later years.
Linda M. Edwards, at the age of 13, met Vince McMahon, then age 16. Her mother worked in the same building as McMahon’s mother, but they had not met.
Vince’s mother became good friends with the Edwards family, and Vince, who had lived with several abusive stepfathers, enjoyed the feeling of stability that he felt at their home. Edwards and McMahon dated throughout their high school years; she attended Havelock High School and he attended Fishburne Military School in Virginia. During this time, Vince was a “permanent fixture” at her home, and spent hours with Linda and her family. He attended East Carolina University, studying business administration. Edwards was an honors student in high school and aspired to become a pediatrician.
Shortly after her high school graduation, Vince asked her to marry him. They married on August 26, 1966, when she was 17. She enrolled at East Carolina University in 1966, where she obtained a bachelor’s degree in French, and certification to teach. From 1968 to 1971, Vince worked as a traveling cup salesman before joining his father’s company, the World Wide Wrestling Federation (WWWF, now WWE). Linda finished college in three years so she could graduate with Vince. Their son Shane was born in 1970, followed by daughter Stephanie in 1976.
Linda McMahon Early career
In 1969, the McMahons moved to Gaithersburg, Maryland. McMahon worked as a receptionist at the corporate law firm of Covington & Burling; she translated French documents, trained as a paralegal in the probate department, and studied intellectual property rights.
Financially, the couple fared poorly for several years, and in 1976, while pregnant with Stephanie, McMahon and her husband filed for bankruptcy. They briefly received food stamps until her husband took on a 90-hour-a-week job at a quarry.
By 1979, Vince decided to start his own wrestling company. He purchased the Cape Cod Coliseum in Massachusetts and founded Titan Sports, Inc. in 1980. The McMahons held small hockey and other sporting events in addition to wrestling at the Cape Cod Coliseum. At one point, Linda cooked meatball sandwiches to feed the fans at these sporting events. As the company grew, Linda assisted Vince with administration and used her knowledge of intellectual property law to assist in trademark protection for the company. During much of those early years, she had little interest in professional wrestling.
In 1982, Vince McMahon purchased Capitol Wrestling, better known as the parent company of the World Wrestling Federation (WWF), from his father. He later expanded his market by airing WWF shows on national television.
In 1983, the McMahons moved to Greenwich, Connecticut. They have six grandchildren.
Connecticut Board of Education
McMahon was appointed to the State Board of Education by Governor Jodi Rell in January 2009.
She went through a confirmation process in the Connecticut State Assembly where she was questioned on her record as CEO of WWE. The State Senate approved her nomination by a vote of 34–1 and the House by 96–45 with some opponents expressing concerns that the nature of her WWE activities would send the wrong message. State representative Bruce Morris claimed she lacked “depth of knowledge regarding education”. However, state representative John Hetherington said it “would be good to have someone outside the establishment on the board”.
On April 1, 2010, McMahon resigned from the State Board of Education, because state law does not allow board members to solicit campaign contributions.
On September 16, 2009, McMahon announced her candidacy for U.S. Senator to represent the state of Connecticut. She announced she would spend up to $50 million of her own money to finance her campaign and refused outside donations, the third most ever spent on a senatorial campaign. She ran for the Republican nomination, campaigning on promises of lower taxes, fiscal conservatism, and job creation. She campaigned as socially moderate, and identified herself as pro-choice while also opposing partial-birth abortion and federal funding for abortions. Her mail, radio, television, and Internet advertisements quickly gained name recognition and strong poll numbers over her opponents.
McMahon’s spending became a key argument of one of her rivals, former Congressman Rob Simmons, who accused her of “buying the election”. McMahon and Simmons engaged in a frequently bitter contest. At the party convention, McMahon received the most support, but Simmons received enough votes to qualify for the ballot for the August 10 primary, although he was not actively campaigning. In late July—two weeks before the primary—Simmons relaunched his campaign by airing ads on TV reminding voters that his name would be on the ballot, participating in debates, and accepting interviews with editorial boards. A third candidate, Peter Schiff, qualified for the ballot by submitting petition signatures. McMahon defeated her opponents and faced Richard Blumenthal in the general election, losing by 11%.
2012 U.S. Senate campaign
Main article: 2012 United States Senate election in Connecticut
Immediately after her loss to Blumenthal, McMahon hinted she would run again for Senate in 2012. McMahon maintained a high profile following the election, running television ads, campaigning for politicians, and making frequent media appearances. When Joe Lieberman announced he would retire from the U.S. Senate, she became the Republican Party favorite for the 2012 election.
On September 20, 2011 in Southington, Connecticut, McMahon officially announced her candidacy. On May 18, 2012, McMahon earned the endorsement of the state Republican Party at the Connecticut State Republican Convention by a delegate vote of 658 to 351 over the next-highest candidate, former congressman Chris Shays. The two were the only candidates to qualify for the primary, which took place on August 14, 2012. McMahon defeated Shays by a three-to-one margin, spending $15.7 million of her money on the campaign. She lost to Democratic U.S. Representative Chris Murphy in the general election, marking her second consecutive defeat.
Following her election defeats, McMahon committed herself to becoming a major Republican fundraiser and donor. She donated to groups such as American Crossroads and Ending Spending Fund, and associated with fellow mega donor Paul Singer.
As the 2016 Republican nomination process began to gear up in early 2015, McMahon, Singer, and Charles R. Schwab were among donors and prospective-candidate representatives who attended a daylong meeting near Jackson, Wyoming, that was hosted by TD Ameritrade founder Joe Ricketts and his son Todd, and featured “several Republican donors who favor[ed] same-sex marriage and immigration reform”.
After Donald Trump made an appearance at WrestleMania 23 in 2007, the McMahons donated $5 million to the Donald J. Trump Foundation in addition to the payment for the appearance. In 2016, McMahon donated $6 million to Rebuilding America Now, a Super PAC with the purpose of electing Donald Trump as US president, and in 2015 and 2016 combined, $1.2 million to Future 45, a Super PAC which funded anti-Bernie Sanders advertisements.
Small Business Administration
On December 7, 2016, President-elect Donald Trump announced that he would nominate McMahon to be the administrator of the Small Business Administration (SBA)
What is Biography
A biography, or simply bio, is a detailed description of a person's life. It involves more than just the basic facts like education, work, relationships, and death; it portrays a person's experience of these life events.
Unlike a profile or curriculum vitae (résumé), a biography presents a subject's life story, highlighting various aspects of their life, including intimate details of experience, and may include an analysis of the subject's personality.
Biographical works are usually non-fiction, but fiction can also be used to portray a person's life. One in-depth form of biographical coverage is called legacy writing. Works in diverse media, from literature to film, form the genre known as biography.
An authorized biography is written with the permission, cooperation, and at times, participation of a subject or a subject's heirs. An autobiography is written by the person themselves, sometimes with the assistance of a collaborator or ghostwriter.
At first, biographical writings were regarded merely as a subsection of history with a focus on a particular individual of historical importance.
The independent genre of biography as distinct from general history writing, began to emerge in the 18th century and reached its contemporary form at the turn of the 20th century.
One of the earliest biographers was Cornelius Nepos, who published his work Excellentium Imperatorum Vitae ("Lives of outstanding generals") in 44 BC. Longer and more extensive biographies were written in Greek by Plutarch, in his Parallel Lives, published about 80 A.D.
In this work famous Greeks are paired with famous Romans, for example the orators Demosthenes and Cicero, or the generals Alexander the Great and Julius Caesar; some fifty biographies from the work survive.
Another well-known collection of ancient biographies is De vita Caesarum ("On the Lives of the Caesars") by Suetonius, written about AD 121 in the time of the emperor Hadrian.
In the early Middle Ages (AD 400 to 1450), there was a decline in awareness of the classical culture in Europe. During this time, the only repositories of knowledge and records of the early history in Europe were those of the Roman Catholic Church.
Hermits, monks, and priests used this historic period to write biographies. Their subjects were usually restricted to the church fathers, martyrs, popes, and saints.
Their works were meant to be inspirational to the people and vehicles for conversion to Christianity (see Hagiography).
One significant secular example of a biography from this period is the life of Charlemagne by his courtier Einhard.
In Medieval Islamic Civilization (c. AD 750 to 1258), similar traditional Muslim biographies of Muhammad and other important figures in the early history of Islam began to be written, beginning the Prophetic biography tradition.
Early biographical dictionaries were published as compendia of famous Islamic personalities from the 9th century onwards.
They contained more social data for a large segment of the population than other works of that period.
The earliest biographical dictionaries initially focused on the lives of the prophets of Islam and their companions, with one of these early examples being The Book of The Major Classes by Ibn Sa'd al-Baghdadi.
And then began the documentation of the lives of many other historical figures (from rulers to scholars) who lived in the medieval Islamic world
By the late Middle Ages, biographies became less church-oriented in Europe as biographies of kings, knights, and tyrants began to appear.
The most famous of such biographies was Le Morte d'Arthur by Sir Thomas Malory. The book was an account of the life of the fabled King Arthur and his Knights of the Round Table.
Following Malory, the new emphasis on humanism during the Renaissance promoted a focus on secular subjects, such as artists and poets, and encouraged writing in the vernacular.
Giorgio Vasari's Lives of the Artists (1550) was the landmark biography focusing on secular lives. Vasari made celebrities of his subjects, as the Lives became an early "bestseller".
Two other developments are noteworthy: the development of the printing press in the 15th century and the gradual increase in literacy.
Biographies in the English language began appearing during the reign of Henry VIII. John Foxe's Actes and Monuments (1563), better known as Foxe's Book of Martyrs, was essentially the first dictionary of the biography in Europe, followed by Thomas Fuller's The History of the Worthies of England (1662), with a distinct focus on public life.
Influential in shaping popular conceptions of pirates, A General History of the Pyrates (1724), by Charles Johnson, is the prime source for the biographies of many well-known pirates.
A notable early collection of biographies of eminent men and women in the United Kingdom was Biographia Britannica (1747-1766) edited by William Oldys.
The American biography followed the English model, incorporating Thomas Carlyle's view that biography was a part of history. Carlyle asserted that the lives of great human beings were essential to understanding society and its institutions.
While the historical impulse would remain a strong element in early American biography, American writers carved out a distinct approach. What emerged was a rather didactic form of biography, which sought to shape the individual character of a reader in the process of defining national character.
Emergence of the genre
The first modern biography, and a work which exerted considerable influence on the evolution of the genre, was James Boswell's The Life of Samuel Johnson, a biography of lexicographer and man-of-letters Samuel Johnson published in 1791.
While Boswell's personal acquaintance with his subject only began in 1763, when Johnson was 54 years old, Boswell covered the entirety of Johnson's life by means of additional research.
It an important stage in the development of the modern genre of biography, it has been claimed to be the greatest biography written in the English language.
Boswell's work was unique in its level of research, which involved archival study, eye-witness accounts and interviews, its robust and attractive narrative, and its honest depiction of all aspects of Johnson's life and character - a formula which serves as the basis of biographical literature to this day.
Biographical writing generally stagnated during the 19th century - in many cases there was a reversal to the more familiar hagiographical method of eulogizing the dead, similar to the biographies of saints produced in Medieval times.
A distinction between mass biography and literary biography began to form by the middle of the century, reflecting a breach between high culture and middle-class culture.
However, the number of biographies in print experienced a rapid growth, thanks to an expanding reading public. This revolution in publishing made books available to a larger audience of readers.
In addition, affordable paperback editions of popular biographies were published for the first time. Periodicals began publishing a sequence of biographical sketches.
Autobiographies became more popular, as with the rise of education and cheap printing, modern concepts of fame and celebrity began to develop.
Autobiographies were written by authors, such as Charles Dickens (who incorporated autobiographical elements in his novels) and Anthony Trollope, (his Autobiography appeared posthumously, quickly becoming a bestseller in London, philosophers, such as John Stuart Mill, churchmen – John Henry Newman – and entertainers – P. T. Barnum.
The sciences of psychology and sociology were ascendant at the turn of the 20th century and would heavily influence the new century's biographies. The demise of the "great man" theory of history was indicative of the emerging mindset.
Human behavior would be explained through Darwinian theories. "Sociological" biographies conceived of their subjects' actions as the result of the environment, and tended to downplay individuality.
The development of psychoanalysis led to a more penetrating and comprehensive understanding of the biographical subject, and induced biographers to give more emphasis to childhood and adolescence.
Clearly these psychological ideas were changing the way biographies were written, as a culture of autobiography developed, in which the telling of one's own story became a form of therapy.
The conventional concept of heroes and narratives of success disappeared in the obsession with psychological explorations of personality.
British critic Lytton Strachey revolutionized the art of biographical writing with his 1918 work Eminent Victorians, consisting of biographies of four leading figures from the Victorian era:
Cardinal Manning, Florence Nightingale, Thomas Arnold, and General Gordon. Strachey set out to breathe life into the Victorian era for future generations to read.
Up until this point, as Strachey remarked in the preface, Victorian biographies had been "as familiar as the cortège of the undertaker", and wore the same air of "slow, funereal barbarism."
Strachey defied the tradition of "two fat volumes ... of undigested masses of material" and took aim at the four iconic figures.
His narrative demolished the myths that had built up around these cherished national heroes, whom he regarded as no better than a "set of mouth bungled hypocrites".
The book achieved worldwide fame due to its irreverent and witty style, its concise and factually accurate nature, and its artistic prose.
In the 1920s and '30s, biographical writers sought to capitalize on Strachey's popularity by imitating his style.
This new school featured iconoclasts, scientific analysts, and fictional biographers and included Gamaliel Bradford, André Maurois, and Emil Ludwig, among others. Robert Graves (I, Claudius, 1934) stood out among those following Strachey's model of "debunking biographies."
The trend in literary biography was accompanied in popular biography by a sort of "celebrity voyeurism", in the early decades of the century.
This latter form's appeal to readers was based on curiosity more than morality or patriotism. By World War I, cheap hard-cover reprints had become popular. The decades of the 1920s witnessed a biographical "boom."
The feminist scholar Carolyn Heilbrun observed that women's biographies and autobiographies began to change character during the second wave of feminist activism.
She cited Nancy Milford's 1970 biography Zelda, as the "beginning of a new period of women's biography, because "[only] in 1970 were we ready to read not that Zelda had destroyed Fitzgerald, but Fitzgerald her: he had usurped her narrative."
Heilbrun named 1973 as the turning point in women's autobiography, with the publication of May Sarton's Journal of a Solitude, for that was the first instance where a woman told her life story, not as finding "beauty even in pain" and transforming "rage into spiritual acceptance," but acknowledging what had previously been forbidden to women: their pain, their rage, and their "open admission of the desire for power and control over one's life."
In recent years, multimedia biography has become more popular than traditional literary forms. Along with documentary biographical films, Hollywood produced numerous commercial films based on the lives of famous people.
The popularity of these forms of biography have led to the proliferation of TV channels dedicated to biography, including A&E, The Biography Channel, and The History Channel.
CD-ROM and online biographies have also appeared. Unlike books and films, they often do not tell a chronological narrative: instead they are archives of many discrete media elements related to an individual person, including video clips, photographs, and text articles.
Biography-Portraits were created in 2001, by the German artist Ralph Ueltzhoeffer. Media scholar Lev Manovich says that such archives exemplify the database form, allowing users to navigate the materials in many ways. General "life writing" techniques are a subject of scholarly study.
In recent years, debates have arisen as to whether all biographies are fiction, especially when authors are writing about figures from the past.
President of Wolfson College at Oxford University, Hermione Lee argues that all history is seen through a perspective that is the product of one's contemporary society and as a result, biographical truths are constantly shifting.
So, the history biographers write about will not be the way that it happened; it will be the way they remembered it. Debates have also arisen concerning the importance of space in life-writing.
Daniel R. Meister in 2017 argued that:
Biography Studies is emerging as an independent discipline, especially in the Netherlands. This Dutch School of biography is moving biography studies away from the less scholarly life writing tradition and towards history by encouraging its practitioners to utilize an approach adapted from microhistory.
Biographical research is defined by Miller as a research method that collects and analyses a person's whole life, or portion of a life, through the in-depth and unstructured interview, or sometimes reinforced by semi-structured interview or personal documents. It is a way of viewing social life in procedural terms, rather than static terms.
The information can come from "oral history, personal narrative, biography and autobiography” or "diaries, letters, memoranda and other materials".
The central aim of biographical research is to produce rich descriptions of persons or "conceptualise structural types of actions", which means to "understand the action logics or how persons and structures are interlinked".
This method can be used to understand an individual's life within its social context or understand the cultural phenomena.
There are many largely unacknowledged pitfalls to writing good biographies, and these largely concern the relation between firstly the individual and the context, and, secondly, the private and public. Paul James writes:
The problems with such conventional biographies are manifold. Biographies usually treat the public as a reflection of the private, with the private realm being assumed to be foundational.
This is strange given that biographies are most often written about public people who project a persona.
That is, for such subjects the dominant passages of the presentation of themselves in everyday life are already formed by what might be called a ‘self-biofication’ process.
What is Net Worth
Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities.
Since financial assets minus outstanding liabilities equal net financial assets, net worth can also be conveniently expressed as non-financial assets plus net financial assets.
It can apply to companies, individuals, governments or economic sectors such as the sector of financial corporations or to entire countries
Net worth in business is also referred to as equity. It is generally based on the value of all assets and liabilities at the carrying value which is the value as expressed on the financial statements.
To the extent items on the balance sheet do not express their true (market) value, the net worth will also be inaccurate. On reading the balance sheet, if the accumulated losses exceed the shareholder's equity, net worth becomes negative.
Net worth in this formulation does not express the market value of a firm; a firm may be worth more (or less) if sold with a going concern.
Net worth vs. debt is a significant aspect of business loans. Business owners are required to "trade on equity" in order to further increase their net worth.
For individuals, net worth or wealth refers to an individual's net economic position: the value of the individual's assets minus liabilities.
Examples of assets that an individual would factor into their net worth include retirement accounts, other investments, home(s), and vehicles.
Liabilities include both secured debt (such as a home mortgage) and unsecured debt (such as consumer debt or personal loans). Typically intangible assets such as educational degrees are not factored into net worth, even though such assets positively contribute to one's overall financial position.
For a deceased individual, net worth can be used for the value of their estate when in probate.
Individuals with considerable net worth are described in the financial services industry as high-net-worth individuals and ultra high-net-worth individuals.
In personal finance, knowing an individual's net worth can be important to understand their current financial standing and give a reference point for measuring future financial progress.
Balance sheets that include all assets and liabilities can also be constructed for governments. Compared with government debt, a government's net worth is an alternative measure of the government's financial strength. Most governments utilize an accrual-based accounting system in order to provide a transparent picture of government operational costs.
Other governments may utilize cash accounting in order to better foresee future fiscal events. The accrual-based system is more effective, however, when dealing with the overall transparency of a government's spending. Massive governmental organizations rely on consistent and effective accounting in order to identify total net worth.
A country's net worth is calculated as the sum of the net worth of all companies and individuals resident in this country, plus the government's net worth. As for the United States, this measure is referred to as the financial position, and totaled $123.8 trillion as of 2014