Vince McMahon retires from WWE with $3.4 billion amid scandal
amid a sexual harassment scandal that involved millions of dollars in hush money payments, according to reports.
that McMahon paid $14.6 million in hush money to several women who alleged sexual misconduct between the years 2006 and 2022. McMahon, 76, announced his retirement days earlier on July 22. McMahon’s daughter, Stephanie McMahon, will be chairwoman and co-CEO with Nick Khan, who joined WWE as president from CAA in 2020. when the board began its investigation into the allegations, which it is still investigating. Her husband Paul Levesque, former WWE wrestler, Triple H, also sits on the board.
“As the majority shareholder, I will continue to support WWE in any way I can. My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years. Then. Now. Forever. Together.”The Wall Street Journal first reported
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