Even for someone who is familiar with beatings, Vince McMahon could not have been prepared for the drubbing that he had in store last week.

According to Forbes, McMahon, the chairman and CEO of WWE, lost $350 million in a span of 24 hours.

The loss was the result of a few factors, including lack of confidence in WWE's new online streaming network and a somewhat lackluster new TV deal. The new online streaming network has only picked up 700,000 subscribers since launching, and WWE said it expects the network to lose between $45 million and $52 million this year.

The new TV deal, while still impressive, is far smaller than what some investors thought. WWE's contract with NBCUniversal to keep its hit shows "Raw" and "Smackdown" is worth around $150 million annually, which is half or one third of what many initially thought it would earn.

One Third Of WrestleMania VI Competitors Dead Jim Hellwig Ultimate Warrior foreshadowed his death on 'Raw' just a day after WrestleMania XXX: "Every man's heart one day beats its final beat. His lungs breathe their final breath. And if what that man did in his life makes the blood pulse through the body of others and makes them believe deeper in something that's larger than life, then his essence, his spirit, will be immortalized by the storytellers -- by the loyalty, by the memory of those who honor him, and make the running the man did live forever." Jim Hellwig Ultimate Warrior entered WrestleMania VI as the InterContinental champion and then beat Hulk Hogan for the WWF title. Randy Savage Savage was 58 when he died of a heart attack in 2011. Randy Savage At WrestleMania VI, Savage and Sensational Sherri Martel lost a mixed tag-team match to Dusty Rhodes and Sapphire. Andre The Giant Andre was 46 when he died of heart failure in 1993. Andre The Giant At WrestleMania VI, Andre and Haku lost the WWE tag-team championship to Ax and Smash of Demolition. Rick Rude 'Ravishing Rick' was 40 when he died of heart failure related to an overdose in 1999. Rick Rude At WrestleMania VI, Rude defeated Jimmy Snuka. Curt Hennig Known as Mr. Perfect, Hennig was 44 when he died from "acute cocaine intoxication" in 2003. Curt Hennig At WrestleMania VI, Hennig lost to Brutus Beefcake. John Tenta Known as Earthquake, Tenta was 42 when he died in 2006 from bladder cancer that spread to his lungs. John Tenta At WrestleMania VI, he defeated Hercules. Raymond Fernandez Known as Hercules, Fernandez was 47 when he died in 2004 from heart disease. Raymond Fernandez At WrestleMania VI, he lost to Earthquake. Allen Coage Known as Bad News Brown, Coage, an Olympic bronze medalist in judo, was 63 when he died in 2007 of a heart attack. Allen Coage At WrestleMania VI, he had a double countout in his match against Roddy Piper. Sherri Martel "Sensational Sherri" was 49 when she died of an overdose in 2007. Sherri Martel At WrestleMania VI, she and Randy Savage lost a mixed tag-team match to Dusty Rhodes and Sapphire. Dino Bravo Bravo was 44 when he was gunned down in 1993, a murder that some believe was linked his alleged involvement in a cigarette smuggling ring. Dino Bravo At WrestleMania VI, he lost to Hacksaw Jim Duggan. Ray Traylor Known as Big Boss Man, Traylor was 41 when he died of a heart attack in 2004. Ray Traylor At WrestleMania VI, he defeated Akeem. Sapphire Known as Juanita Wright, Sapphire was 61 when she died of a heart attack in 1996. At WrestleMania VI, she and Dusty Rhodes won a mixed tag-team match against Randy Savage and Sensational Sherri. Miss Elizabeth Elizabeth Hulette didn't officially compete as a wrestler at WrestleMania VI, so she wasn't counted among the 12 who are now dead. But she did accompany Dusty Rhodes and Sapphire for their match and got involved in part of the action. Miss Elizabeth She died of an overdose in 2003. previous next

Together, the weak performance of the online streaming network and Thursday night's announcement of the new TV deal led WWE's stock to drop $8.86 (from $20.13 to $11.27).

That resulted in a huge loss for McMahon, whose net worth peaked at $1.6 billion in March. Then, Forbes reported, "shares dropped 29% the week after WWE announced its new online streaming network had only 667,000 subscribers, taking a $325 million chunk out of McMahon's fortune."

The stock's next big tumble Friday wiped out another $350 million -- nearly a third of his value.

A lack of confidence in the product and falling shares have dropped his fortune to an estimated $750 million.