Based on the financial records of TKO Group Holdings, Vince McMahon is reported to still own over 20 million shares in the company. The current market valuation of these shares stands at approximately $1.77 billion.
McMahon previously held the position of executive chairman at TKO Group Holdings, an umbrella organization overseeing both WWE and UFC. However, McMahon’s tenure with TKO Group Holdings came to an end in the wake of a lawsuit filed by Janel Grant, a former WWE employee. The lawsuit, which alleges sex trafficking, abuse, and sexual assault, led to McMahon’s decision to step down from his executive role at TKO Group Holdings.
McMahon released a statement through a spokesperson, denying these allegations: “This lawsuit is replete with lies, obscene made-up instances that never occurred, and a vindictive distortion of the truth. He will vigorously defend himself.”
Paul “Triple H” Levesque, World Wrestling Entertainment’s Chief Content Officer, made his first public remarks following the resignation of Vince McMahon. Speaking at a press conference after the WWE’s “Royal Rumble” event on Saturday in St. Petersburg, Florida, Levesque, who is McMahon’s son-in-law, disclosed that he had not read the lawsuit and was previously unaware of its contents.
Emphasizing the well-being of the employees, Levesque stated his commitment to doing “everything possible” to prevent exploitation and ensure a safe working environment within WWE. However, he did not elaborate on the specific actions or measures that WWE has implemented to uphold this commitment.