John Laurinaitis is a retired wrestler as well as a wealthy executive in the wrestling industry. Because of his time spent working for World Wrestling Entertainment, he is well-known (WWE).
Laurinaitis is a well-known figure in the business, despite the fact that he works behind the scenes. In the past, he has competed in wrestling for companies such as WCW and AJWP.
Johnny Ace is the stepfather of WWE divas Nikki and Brie Bella. Johnny Ace is a former wrestler who is also known by that name. He has been featured in the narrative alongside superstars such as John Cena, CM Punk, and Shane McMahon at various points. The executive was also seen on the episode of Total Bellas in which she appeared as a guest.
In March of 2021, Vince McMahon decided to rehire Laurinaitis for the position of Head of Talent Relations for the organisation. He shared some of the responsibility for hiring and discharging celebrities in the industry. However, it was reported by WWE that they have made the difficult decision to formally relieve Laurinaitis of his duties in August of 2022.
How wealthy is John Laurinaitis in 2022 in terms of his net worth?
It is estimated that John Laurinaitis has a net worth of approximately 8 million US dollars.
The former executive for WWE is now one of the wealthiest executives in professional wrestling. His career has spanned more than three decades, and he made his first appearance in the ring in 1986. After that, he maintained his career in the sector by holding a variety of executive positions, one of which was an interim post as the General Manager of RAW for a brief period of time.
A report that can be seen on sec.gov states that in the year 2001, Laurinaitis was made an offer to take the position of Head of Talent Relations. In the beginning, he suggested a base income of USD 350,000 for the executive, which was to be paid out every two weeks.
His salary climbed with each passing year, and WWE was enjoying tremendous financial success between the years 2010 and 2015. In March of 2021, the corporation decided to bring Laurinaitis back on staff. This time, he received a raise in his salary. It is unknown how much he is paid, although the typical compensation for a senior executive in the United States division of WWE is greater than 400,000 dollars.
Earnings That John Laurinaitis Carried Over From His Time As A WWE Executive
During his lengthy career as a wrestler, John Laurinaitis won a number of championships, which resulted in a large increase in his earnings.
He has won the OWF Heavyweight Championship once, and the ICWA Florida Heavyweight Championship twice in his career. In addition to that, he has a lot of tag team championships under his belt.
In the year 2001, Laurinaitis was employed by WWE. Additionally, he was presented with the opportunity to acquire 20,000 shares of the company’s Class A Common Stock from the corporation.
The retiring wrestler was eligible to receive benefits from WWE, including those for medical, dental, life, limited liability, and 401(k) plans. In addition to that, he met the requirements to take part in the WWE Incentive Management Program.
John Laurinaitis Declared Unemployed By WWE Officially
John Laurinaitis, an executive in the wrestling business, has already been fired by June 2022. Bruce Prichard was appointed in his place when he was removed from his previous role.
Since the publication of that Wall Street Journal report, his position within the corporation has been in jeopardy. According to the reports, both he and Vince participated in improper behaviour with the staff members.
The longtime executive was also mentioned in a report that claimed Vince McMahon had paid former employees to keep quiet about their allegations against him. According to the article, Vince is alleged to have paid an ex-employee somewhere around three million dollars to keep quiet about an affair.
As a direct result of this, the board of directors of WWE started looking into nondisclosure agreements concerning claims of misconduct by women. They moved immediately to replace John in his role as Head of Talent Relations with Triple H, and John was placed on administrative leave.
The board of directors began its inquiry of Laurinaitis in April 2022, but they did not immediately announce his dismissal. On Monday, August 8, 2022, they took the official step of removing him.