Vince Mcmahon Just Sold More Than 400 Million Worth Of Tko Stock As Sex Scandal Continues

McMahon sold 5,350,000 shares of TKO, which generated $412 million in pre-tax profits and represented roughly one-fourth of his total holdings in the company. This isn’t the first time McMahon has unloaded a hefty share of TKO stock in recent months. In November of last year, he reportedly sold an even larger number of 8,400,000 TKO shares, pocketing about $700 million. McMahon still owns around 15 million shares in TKO. That stake is worth around $1.2 billion at today’s share price of $80. Thanks to prior sales of WWE stock and the acquisition of WWE by what became TKO, Vince’s overall net worth today is $3.2 billion. His recent sale comes about a month after Vince stepped down from his position at the WWE/TKO in response to the explosive lawsuit filed against him by former employee Janel Grant. The allegations were disturbing. At the time, he said this in a press statement: “I stand by my prior statement that Ms. Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth. I intend to vigorously defend myself against these baseless accusations and look forward to clearing my name.”