The Rock Increases TKO Stock Ownership by 50%

Dwayne “The Rock” Johnson has been making waves since joining the TKO Board of Directors almost a year ago. Recent reports show he’s not only a key player in the company, but he’s also upped his stake significantly by acquiring more shares.

According to a recent filing with the United States Securities and Exchange Commission, Johnson has added 96,557 shares to his portfolio. This brings his total shares up to 289,673, valued at $41,249,435.20 based on TKO’s stock price closing at $142.40 per share on January 3. In April 2024, Johnson received $9 million worth of shares following his WrestleMania 40 match, meaning he’s grown his holdings exponentially by nearly 450% in less than a year.

Johnson has expressed his excitement about being part of the TKO board, calling it a proud and full-circle moment as he follows in the steps of his father and grandfather in the business. Not only has he solidified his role in sports entertainment, but he’s also gained ownership of his iconic moniker, “The Rock,” previously held by WWE. With this ownership, he now has the potential to license the name back to WWE for additional revenue through merchandise sales. It’s clear that Johnson’s involvement goes beyond just a title – he’s deeply embedded in the growth and future of TKO.