How Much Is Vince Mcmahon Selling Wwe For?
Vince McMahon, the founder of WWE, is making headlines again with news of a massive sale. The wrestling business mogul is reported to be selling more than $400 million worth of TKO Group shares. This sale is a significant move for McMahon, who still owns a substantial stake in TKO.
The sale of 5.35 million shares of TKO represents approximately a quarter of McMahon’s remaining shares in the company. It is worth noting that McMahon orchestrated the sale of WWE to Endeavor Group Holdings just a few months ago, with the company acquiring WWE for $103.95 per share.
The new company, TKO, which now houses both WWE and UFC, appointed McMahon as its executive chairman after the sale. Despite the sale of these shares, McMahon will still own slightly over 15 million TKO shares, with a value exceeding $1.2 billion.
Vince McMahon’s business acumen and strategic moves continue to shape the wrestling industry, and this latest sale is a testament to his ongoing involvement and influence in the world of sports entertainment. Let’s delve deeper into McMahon’s net worth and previous sales in the next sections.
Vince McMahon’s Net Worth and Previous Sales
Vince McMahon, the founder of WWE, has a net worth of approximately $2.7 billion, as reported by Forbes. This impressive net worth is a result of McMahon’s successful career in the entertainment industry, particularly in professional wrestling.
McMahon’s financial ventures extend beyond his role in WWE. In November, he sold nearly $700 million worth of TKO shares, further solidifying his wealth. Despite these significant sales, McMahon will still own a considerable number of shares in TKO, contributing to his substantial net worth.
Vince McMahon’s Employment Agreement and Potential Payout
Vince McMahon, the iconic figure behind WWE, has recently secured a new employment agreement that includes enticing provisions for a potential payout. This agreement ensures that in the event of a sale of the company, McMahon will be rewarded handsomely.
If WWE is sold, McMahon is set to receive a substantial $6.8 million lump cash payment. Furthermore, he will also be eligible for a pro-rata payout of his incentive bonus for the year, which could potentially amount to an additional $2.1 million. On top of these significant payouts, all of McMahon’s unvested shares would vest, potentially leading to a further $4.3 million payout if a deal closes within this year.
Although these amounts may seem substantial, it’s important to note that they pale in comparison to McMahon’s majority stake in the company. If WWE were sold at its current share price, his majority stake alone would be valued at a staggering $2.6 billion, showcasing his strong financial position and extensive influence within the company.
Additionally, as part of the new employment agreement, McMahon has secured exclusive rights to his life story. This grants him the freedom to exploit it commercially without any fear of legal repercussions from WWE, providing boundless opportunities for McMahon to share his captivating journey and further enhance his already remarkable legacy.
