VINCE McMahon was spotted for the first time since selling $700 million worth of shares in the WWE’s parent company, TKO Group.
Less than a week ago, the 78-year-old McMahon sold 8.4 million shares in TKO.
Instagram/wrestlefeed.appWWE legend Vince McMahon (right) was pictured for the first time since selling his shares with his patented mustache and a black beret[/caption]
GettyMcMahon used to appear clean-shaven[/caption]
In September, the UFC and WWE officially merged to form TKO.
With the merger, McMahon stepped down from the WWE and became Executive Chairman of TKO.
In the switch, WWE legend Triple H took over as the WWE’s head of creative.
It’s the first time in WWE history that the wrestling promotion isn’t under a McMahon name.
Some fans expect McMahon to step back from the company, and his sale may be the first hint.
Since last week’s sale, he was pictured for the first time looking nearly unrecognizable.
McMahon was photographed with a black walking cane in a plaid suit jacket with his patented mustache and a black beret.
Fans on Instagram commented on the wrestling star’s look.
One wrote: “Bro out here looking like Walt Disney.”
A second said: “French McMahon.”
Another added: “Mc. Pimp.”
And a fourth remarked: “He’s getting old man.”
Despite selling over $700 million, McMahon still has a significant amount of shares in the company.
According to reports, it was only around 30 percent of his holdings.
His remaining shares are valued at around $2 billion.
GettyMcMahon (pictured) bought the WWE from his father, Vincent J. McMahon, in 1982[/caption]