Steve Wynn Makes Millions After Selling His Wynn Resorts Shares

Steve Wynn sold 4.1 million shares of Wynn Resorts, cutting his stake to 7.8 percent. Wynn sold the shares for $180 each, raising $738 million, according to a Securities and Exchange Commission report. According to the Las Vegas Review Journal, Wynn now has a smaller stake than his ex-wife Elaine Wynn, who owns 9.3 percent of the company.