Deadline.com is reporting that Ari Emanuel, the CEO of TKO Group Holdings, received a pay package valued at $64.9 million in 2023.
TKO is the parent company of both WWE and UFC and was created this past September when Emanuel, through his Endeavor company, took over WWE.
Emanuel has a base salary of $911,000, a cash bonus of $24 million, and stock awards valued at $40 million.
His right hand man, TKO COO Mark Shapiro, has a package worth $16 million.
“The compensation committee noted revenue, adjusted EBITDA gains, cost reduction, strong turnout for UFC and WWE live events, and a set of media rights deals for WWE, including a long-term deal with Netflix,” Deadline writes.
Emanuel will now add a private jet to his collection as well as part of Endeavor’s sale to investors Silver Lake. Silver Lake is purchasing Endeavor for $13 billion but will not include TKO Group.
