WWE CEO Linda McMahon Loses Connecticut Senate Seat Despite $50 Million in Self-Funding

6:22 PM PST 11/6/2012 by Jordan Zakarin

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The former CEO of the WWE poured nearly $100 million into two campaigns for the US Senate.

Linda McMahon has been knocked out of a senate race for the second consecutive election cycle.

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The Connecticut Republican, and former CEO of World Wrestling Entertainment, fell to Democratic Rep. Chris Murphy in a hard-fought election for the state's open seat in the U.S. Senate. McMahon was facing an uphill battle from the start in the blue state, but in both races, she poured in money from her personal fortune into her campaign.

This cycle, McMahon put nearly $50 million into her campaign, and out-raised Murphy four-to-one, according to The New York Times. Having spent around the same amount in her losing 2010 race, she laid out nearly $100 million altogether in her failed runs for office.