TKO Group Holdings has released its annual proxy statement, outlining executive compensation for 2025, including major earnings for top leadership connected to WWE.
WWE President Nick Khan earned a total of $24.3 million for the year. His compensation included a $2 million base salary, $11 million in stock awards, and more than $10 million in bonuses. A portion of those bonuses, specifically $3.7 million, was tied to his involvement in launching Zuffa Boxing, a project backed by TKO in partnership with Sela, which is owned by Saudi Arabia’s Public Investment Fund.
Mark Shapiro, President of TKO, brought in $42.6 million in total compensation. Shapiro has remained a visible figure for the company, regularly appearing at major events and representing the brand publicly.
At the top of the list, Ari Emanuel, CEO of TKO, earned $67.4 million in 2025. Emanuel has been credited with helping secure high-profile appearances, including Dwayne Johnson’s involvement at WWE Elimination Chamber and integrating Pat McAfee into the WrestleMania 42 storyline featuring Cody Rhodes and Randy Orton.
Meanwhile, Vince McMahon remains the largest individual Class A stockholder in TKO, holding 6,442,325 shares. The value of those shares is estimated at approximately $1.2 billion based on current market levels. Despite that position, McMahon does not receive a salary from TKO.
The proxy statement highlights the financial scale of TKO’s leadership structure, with compensation packages reflecting both corporate performance and involvement in key projects tied to WWE and other ventures.
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