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May 20, 2014 9:14 AM

WWE’s Vince McMahon loses $340 million in a day and billionaire status

McMahon lost $340 million Friday as shares in his WWE took a beating from investors, dropping 42 percent by 3 p.m. That knocked the WWE boss out of the billionaire ranks, putting his net worth at an estimated $760 million.

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David Caraccio is a Sacramento native and online news editor at The Sacramento Bee. He's a graduate of San Diego State University. Caraccio enjoys keeping up on trending stories and finding videos worth watching. Reach him at or 916-321-1125. Twitter: @DavidCaraccio.

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