Vince McMahon Reportedly Earned Over $1 Billion in 7 Months Despite Troubles With TKO

Vince McMahon has officially distanced himself from all his roles in TKO. However, the former CEO of WWE is still making money in the business world. Recently, he had to make a big transaction with Morgan Stanley. This was due to an agreement he had with the bank due to the financial services he acquired from them back in 2020.

Despite all the transactions and his resignation from TKO, McMahon still seems to be a wealthy man. If this math confuses you as well, then you need not go further. Thanks to an online source, we have it simplified for you.

Vince McMahon gathered over $1 Billion in the past few months

In March 2020, McMahon initiated a margin loan from Morgan Stanley. He received $85 Million in cash at the time when XFL was folded. A source on Twitter revealed, “March 2024 was the scheduled month for the agreement to be settled, in which many shares would be transferred to Morgan Stanley in 15 installments throughout the month, from March 5 to March 25.”

The amount to be returned was calculated as per the TKO stock price going on this month. Vince McMahon would have ended up transferring 2.25 M of the 3.484 M stocks. However, at the beginning of this month, both parties amended the contract, Vince transacted the entire 3.484 M stocks and received $100 Million in cash from the bank, close to the market value of the incremental shares that he transacted.

In November 2023, Vince liquidated $642M and $412M on March 4 this year by selling the shares. At this point, the businessman has 11,518,099 shares, which is about 6.7% of all TKO shares. While closing the merger in September last year, TKO paid a special one-time dividend to him of $111M.

Since September, Vince McMahon has received more than $1.2 Billion despite his situation with the sports entertainment company.

Vince McMahon’s resignation affected TKO’s stock price

On 23rd January, the TKO group welcomed Dwayne Johnson to the board of directors. This resulted in a price hike in their stock value jumping from $77.41 on 22nd January to $89.63. Three days later, TKO saw another major change in the company’s power dynamic. The executive chairman of the company decided to surrender all of his posts in TKO. This caused the stocks to fall from $86.54 on 26th January to $82.73 on the 29th of January.

Due to the presence of The Rock on the board and the overall ratings of both UFC and WWE, the stock prices were not affected as much. However, there have been many changes in the management and other aspects of the company ever since McMahon resigned.

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Did you expect Vince McMahon to have gained this amount of money despite the circumstances? Stay tuned for more such statistics in the future.