Linda McMahon reveals that her family was bankrupt before the rise of WWE

Linda McMahon, co-founder of WWE and longtime partner of Vince McMahon, recently shared an episode about the toughest years of her family. In an interview with Sage Steele, she confessed that before the company became a global giant, they were on the brink of losing everything. The blow came while she was pregnant with her daughter Stephanie.

At that time, the then WWF was starting to grow nationally. However, the problem did not come from wrestling, but from a financial advisor who led them to invest in a field they knew nothing about: construction.

During that time, an accountant suggested that we were putting all our eggs in one basket and that we should diversify. He recommended investing in a construction company. We knew absolutely nothing about it, but we put money in, signed loans... and everything sank. That led us to bankruptcy.

The consequences were devastating. Linda explained that they lost their home and car, in a situation she recalls with pain: "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."

From failure to the top of wrestling

Despite that hard blow, the McMahons did not give up. With effort and reinvesting in the business they truly knew, they managed to lift WWE to transform it into the global benchmark of professional wrestling. Decades later, Linda reached a prominent role in the public life of the United States, serving as the administrator of the Small Business Administration between 2017 and 2019.

Today, Linda McMahon is not only remembered as the original co-founder of WWE, but she holds a position of great relevance in American politics, serving as Secretary of Education since March 2025 under Donald Trump's second presidency.