From an LA Times article...he was on Larry King:
QUOTE
McMahon, in a neck brace, said he had been unable to work since he broke his neck 18 months ago, but he declined to say how the injury occurred.
"If you spend more money than you make, you know what happens," he said. "A couple of divorces thrown in, a few things like that."
See? This is why gays shouldn't be allowed to marry.

I'm assuming he keeps trading in for younger women? This is my favorite...
QUOTE
Asked why a multimillionaire could not make his house payments, McMahon's wife, Pamela, said, "Over the years, it's a combination of maybe Ed working so hard and not looking at proper management. We didn't keep our eye on the ball. We made mistakes."
She added: "It's scary. I never owned a home before in my life before I met Ed."
King replied: "I don't think you'll own one again."