Vince McMahon Earns Over $1 Billion from TKO Stock Sales Amid Legal Troubles
The former WWE CEO has seen his wealth increase significantly despite resigning from TKO due to sexual assault allegations.
- Vince McMahon has sold a significant portion of his TKO stock, earning over $1.2 billion in recent months.
- Despite resigning from TKO and facing legal challenges, McMahon's financial position remains strong, with over 11 million shares still in his possession.
- McMahon's stock sales included a major transaction with Morgan Stanley, stemming from a margin loan agreement made in 2020.
- The sales have reduced McMahon's ownership in TKO to about 6.7% of all shares.
- McMahon's resignation from TKO followed sexual assault allegations and has impacted the company's stock price and management structure.