President-elect Trump will nominate Linda McMahon, the co-founder and former CEO of multinational corporation World Wrestling Entertainment, to head the Small Business Administration, according to Reuters. McMahon, whose net worth is estimated around $850 million, would be responsible for awarding federal contracts to small businesses, providing counseling services to small business owners, and managing loan repayment policy.
McMahon, 68, has been trying to get into politics for years. She spent almost $100 million of her own money during two unsuccessful campaigns for United States Senate in 2010 and 2012—at the time, the most anyone had ever spent of their own money to run for a seat in Congress. Now she has the opportunity to advocate for entrepreneurs who need capital, rather than bleed it herself.
Trump has a long relationship with WWE, starting in 1988 when the newly opened Trump Plaza in Atlantic City hosted WrestleMania IV. The President-elect became a frequent attendee of WrestleMania events, which culminated with an absurd 2007 storyline known as the Battle of the Billionaires, featuring Trump feuding with WWE co-founder Vince McMahon (Linda’s husband). The feud ended with Trump forcefully shaving Vince’s head. WWE inducted Trump into its Hall of Fame in 2013.
You can watch that fateful haircut below. Vince’s reaction is not dissimilar to our current feelings about the world.