Donald Trump Invests in WWE Parent Company Ahead of UFC White House Event
Donald Trump has purchased stocks in WWE‘s parent company, TKO Group Holdings.
According to HuffPost‘s review of his May 12 financial disclosure filing, US President Donald Trump purchased stock in TKO Group Holdings valued between $15,001 and $50,000. Both WWE and UFC fall under the company’s umbrella.
Donald Trump is hosting a historic UFC event on the South Lawn of the White House on June 14 to commemorate the 250th anniversary of the United States Declaration of Independence. However, his decision to promote a company whose stock he purchased has raised concerns about conflicts of interest.
“Grifting has always been an issue in Donald Trump’s presidency, but now the mask is off,” said Jordan Libowitz with the Citizens for Responsibility and Ethics in Washington. “Using the White House to promote a company whose stock you bought while promoting it is one of the worst conflicts of interest you could imagine. The agenda of this administration seems to start and stop with how to make Donald Trump richer.”
The White House did not immediately respond to HuffPost about Donald Trump’s purchase of the TKO stock. However, officials, including Vice President JD Vance, have previously noted that Trump does not decide which stocks to buy and sell, saying his financial advisors handle those decisions.
UFC will also host the Fan Fest on June 13 and 14 at The Ellipse, south of the White House grounds. The promotion has announced that the experience includes meet-and-greets with UFC fighters and WWE Superstars. WWE confirmed on last week’s RAW that Charlotte Flair, The Miz, Trick Williams, Chelsea Green, The Usos, Tiffany Stratton, and Bron Breakker will be the ones appearing at the event.
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