WWE co-founder and former chairman Vince McMahon is officially severing all ties with the professional wrestling promotion after 55 years.
The 78-year-old businessman registered for sale the last of his shares in TKO Group Holdings, WWE's parent company, on Friday, April 27.
McMahon still retains 8,021,405 TKO shares, valued at over $776 million based on TKO's closing price of $96.76 on Friday.
Although these shares have been registered for sale, it doesn't necessarily mean an immediate sale; instead, the stocks are eligible for sale.
The stocks are McMahon's remaining ties to the company he made world-famous. He resigned as executive chairman from TKO Group Holdings in January 2024 following allegations of sex trafficking and sexual assault.
McMahon initially held a 16.4% stake at TKO during the merger between WWE and UFC last September 2023, which formed the holding company. However, his current ownership now stands at just 4.7%.
Vince McMahon has been liquidating TKO stock for the past monts
Over the past months, McMahon has earned approximately $1.5 billion by selling TKO shares in four separate instances since November 2023.
McMahon sold 8.4 million shares in November, another 5.35 million shares in two separate transactions in March, and nearly 3.5 million shares in early April.
These sales netted him $670 million last November, $408 million in the first transaction in March, $100 million in the second transaction also in March, and $311 million in April.
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