The dynasty began when Jess McMahon, who was descended from the Thomond McMahon clan of Western Ireland, began promoting wrestling shows in 1915. He died in 1954. His son, Vincent J. McMahon, formed the Capitol Wrestling Corporation in 1953, which would subsequently be renamed twice during his tenure (as the World Wide Wrestling Federation, and then the World Wrestling Federation). Vince Sr. had two wives, Victoria Askew and Juanita Johnston, with the former still living today. When he retired in 1982, his son from his first marriage, Vince McMahon, purchased the business and currently serves as chairman and chief executive officer of the company, now known as World Wrestling Entertainment, Inc. (WWE) since 2002 and Alpha Entertainment, LLC since 2017.