WWE was founded by Jess McMahon and Toots Mondt in January 1952. It is currently owned by Vince McMahon (42%)
It was first named Capitol Wrestling Corporation (CWC). The corporation has undergone made name change. It was also known as World Wide Wrestling Federation (1998) and World Wrestling Federation (1999 - 2002). The corporation has been referred to World Wrestling Entertainment ( WWE ) since 2002 till date.
There are a lot of people who know a lot of details about WWE. To further add to the details that people know, the founders of WWE are Jess McMahon and Toots Mondt. The organization was formed back in the 50’s. Over the past years, the majority of the stocks are owned by Vince McMahon and his wife, Linda McMahon. It was in the year 1963 when Vince McMahon and Toots Mondt had issues.
They both left the company to protest but in the 70’s, Vince McMahon joined the corporation again. There are various things that are done to the organization to make it highly popular right now.