Vince McMahon Makes $641 Million From Sale Of TKO Shares
Vince McMahon can buy plenty of Freddos are making $641 million
Vince McMahon has become significantly richer in recent days.
It was announced on November 9 that Vince McMahon had placed 8.4 million of his shares in TKO Group holdings up for sale, roughly 30 percent of the 28 million shares he then held.
McMahon's shares were valued at $700 million and they have since been sold for $76.41 per share, with the net proceeds coming out at $641,844,000. The 78-year-old still holds 20,435,207 shares in TKO Group Holdings, which is approximately 12 percent of the company.
McMahon was expected to sell some of his TKO Group shares in 2023 following the announcement from Endeavor and TKO CEO Ari Emanuel that McMahon would be able to sell his shares at any point which was considered a reason for TKO's lower-than-expected stock price.
Vince McMahon is the Executive Chairman of TKO. He is no longer involved with WWE creative and he is instead overseeing United States media rights negotiations for WWE's TV product. He also helped UFC secure a deal in Saudi Arabia.