Vince McMahon has been cashing out his TKO stock in recent months, with the latest transaction coming on Monday with the sale of 5,350,000 TKO shares, a value of $412 million. He still owns about 15 million shares or about 9% of all TKO stock.
Allegations
McMahon has been in the headlines due to the allegations he faces following a lawsuit alleging McMahon was involved in sex trafficking, sharing nude photos and explicit videos of Janel Grant without consent, and other things from the former WWE employee.
The company and former exec John Laurnatis were also named in the suit. Once the suit came out, McMahon resigned from his duties at TKO.
Money
Brandon Thurston of WrestleNomics pointed out today that between his stock sale of $412 million on Monday and his stock sale last November for $642 million, McMahon has earned more than $1 billion in recent months.
McMahon also got a special TKO dividend following the merger in September, earning him another $111 million.
https://twitter.com/BrandonThurston/status/1765001501036941514
