What Vince McMahon has been up to since retiring as WWE CEO in 2022

Mr. McMahon Delve into the career of Vince McMahon and what happened to him after he stepped down as the CEO of the WWE. A co-founder of World Wrestling Entertainment along with his wife and business partner Linda, McMahon was a vastly influential figure in the world. However, scandals plagued his career, as seen in the documentary series Mr. McMahonStemming from accusations of various kinds of wrongdoing that only became more damning and horrific as they piled up.

McMaho’s time as CEO and Chairman of the WWE came to an end in 2022 When the wrestling promoter is accused of paying hash money to former staff. McMahon stepped down as CEO and formally announced his retirement from the WWE. However, McMahon retained many of his connections to the wrestling world, at least until more allegations led to another high-profile exit from another company. Here are the details surrounding Vince McMahon’s retirement from the WWE.

Vince McMahon returned as the Executive Chairman of WWE in 2023

Vince McMahon reversed his 2022 retirement pretty quickly

Even though Vince McMahon formally “retired” in 2022, it was only one year before he returned as the Executive Chairman of the WWE. As broken down by Wrestlenomics, Vince McMahon has agreed to pay former WWE paralegal, Janel Grant, $2.5 million Over the course of four years in January 2022. This was in exchange for her silence about her relationship with McMahon and no allegations of sexual misconduct against him or WWE head of talent relations John Laurinaitis. Only two months later, the WWE board learned about the payment fraud and opened an investigation into the matter.

Although the findings were not made public, reports of the scandal (as well as several other hash-money payments made by McMahon) led to his retirement. By 2023, however, McMahon is already figuring out how to return to the WWE board of directors And claiming the role of executive chairman — even while agreeing to million-dollar settlements with his alleged sexual assault victims. By the end of the year, McMahon was back in a position of power with the WWE and their new joint venture with the UFC, TKO Group Holdings. However, it wouldn’t be long before McMahon retired again.

Vince McMahon sold millions in TKO stocks in 2024 after resigning

McMahon made over $1 billion by selling his TKO stocks

Although he took a position in the WWE after his retirement in 2022, Vince McMahon’s alleged abuse of Grant would resurface in early 2024. In January, the same week that McMahon joined TKO CEO Ari Emmanuel and Pro-Wrestler became a movie star Dwayne Johnson at the New York Stock Exchange, Janelle Grant issued a lawsuit accusing McMahon of sex trafficking and battery. McMahon has denied any wrongdoing in the case, but is (at the time of writing) under federal investigation over his alleged crimes. This proved to be the final straw for Vince McMahon’s career.

As reported by The Hollywood ReporterThe severity of the details contained in the civil lawsuit (along with the reluctance of sponsors to work with a McMahon-led WWE) helped prompt Emanuel and TKO president and COO Mark Shapiro to advise McMahon about resigning. Although McMahon left the world of wrestling (again), He collected a lot of money in his exit. As reported by VarietyMcMahon sold many of his stocks in TKO, earning $1.5 billion in stock sales. Although he may be out of the WWE, it’s clear that McMahon still walked away with a sizable fortune.

How involved is Vince McMahon in WWE today

Vince McMahon’s son-in-law is currently a major player in the WWE

Officially, Vince McMahon is no longer part of the WWE. Grant’s case has been put on hold while authorities investigate McMahon’s crimes. Outlets like People It was reported that McMahon took the following months easy and was spotted vacationing around Europe. However, even though McMahon himself is no longer directly involved, that doesn’t mean his family isn’t. His daughter Stephanie (a former wrestler herself) was once a leading voice in the company, while her husband (star wrestler Triple H) is the current Chief Content Officer and Chief Creative Officer for WWE.

Despite Stephanie being Vince’s daughter, NBC News reported that the two do not discuss the WWE business. Along with the severity of the charges against him and his advancing age, It’s reasonable to believe that the 79-year-old may finally be done with the company he helped create. The range of accusations against Vince McMahon highlighted by Mr. McMahon Underscoring how powerful the controversial figure has always been and how he is finally potentially facing consequences for his alleged actions.

Source: Wrestlenomics, Variety, The Hollywood Reporter, NBC News