Vince McMahon Surpasses $1.2 Billion in Total Stock Sales – Vince McMahon has continued to sell off his wealth of TKO shares, taking home nearly $100 million after selling 3.5 million shares to an unnamed bank over a 20-day stretch this month.
His latest move was revealed in SEC filings made public Thursday.
It’s the third unique sale of stock McMahon has conducted since November. The first saw the now-former TKO executive chairman sell approximately 30% of his stock (8.4 million shares) for nearly $700 million.
The second came earlier this month with McMahon selling 25% of his remaining stock for $408 million.
In total, McMahon has brought in more than $1.2 billion from the various sales. It’s unknown why he is selling so much of his stock and if there is a purpose for the considerable funds.
The filing stated that McMahon still owns 11.5 million TKO shares that have a current-day value of nearly $1 billion based on the $86.41 share price as of the close of the market Thursday.
The 78-year-old resigned as TKO executive chairman this past January after being accused of sex trafficking and sexual assault in a lawsuit filed by former WWE employee Janel Grant.
Vince McMahon Surpasses $1.2 Billion in Total Stock Sales
