Professional wrestling promoter and former billionaire Vince McMahon has declared bankruptcy after betting his entire vast fortune on the Undertaker defeating Brock Lesnar at the recent WrestleMania pay-per-view.

McMahon, like practically every wrestling spectator on earth, believed the Undertaker’s victory was a foregone conclusion, given his flawless 21-match winning streak at past WrestleMania events.

The Chairman of WWE therefore wagered his life savings, as well as his Connecticut mansion and part-ownership of WWE, on the presumed outcome of the match.

Lesnar’s shocking victory not only ended the Undertaker’s streak, but also ended McMahon’s long-held position as the richest wrestling promoter in history.

Now penniless, a bedraggled McMahon was last seen panhandling on a Stamford street corner, offering passersby the opportunity to become members of his infamous “Kiss My Ass Club” in exchange for a dollar, which has generated little interest.

Hoping to learn how to live below the poverty line, McMahon has reportedly sought advice from several members of the TNA roster.