Vincent Kennedy McMahon is an American professional wrestling promoter and executive, American football executive, and media proprietor currently serving as the chairman and CEO of WWE, and the founder and owner of Alpha Entertainment.McMahon was born in Pinehurst, North Carolina, and graduated from East Carolina University with a degree in business in 1968. He worked for the WWE for his father as a commentator and he assumed control of the company in 1982; McMahon saw the commercial potential of monopolizing the industry, which previously operated as separate fiefdoms across the United States. This led to the development of the annual WrestleMania, which has since become the most successful professional wrestling event in history. He faced stiff industry competition from World Championship Wrestling (WCW) in the 1990s, but eventually purchased the company in 2001 after a long power struggle, and also purchased the assets of the defunct Extreme Championship Wrestling (ECW) in 2006. McMahon has embarked on a number of WWE-related ventures; in 2014, he launched the WWE Network, an over-the-top video streaming service. McMahon also owns other WWE subsidiaries related to multimedia such as film, music, and magazines, as well as a professional wrestling school system. Outside of wrestling, McMahon joint-owned and operated the XFL, a football league, twice; both iterations folded after a single season. He also headed the short-lived World Bodybuilding Federation, and co-owns the clothing brand Tapout. McMahon also worked as a professional wrestler and personality known by the ring name Mr. McMahon, using a gimmick based on his real-life persona. He was the broadcast color commentator and chief broadcaster until 1997, and is a two-time world champion, a Royal Rumble match winner, and has headlined multiple WWE pay-per-view events. He is the eldest living member of the McMahon family, and is a third-generation wrestling promoter, following his grandfather Jess and father Vincent. He married political executive Linda Edwards in 1966, and is the father of businesspeople Stephanie and Shane McMahon, and father-in-law to Triple H.