Last night on RAW before the main event, WWE World Heavyweight Champion John Cena met Ric Flair on the stage & let him raise the World Heavyweight Title belt( the big gold one) in the air. Cena then told Flair to keep it & Flair left with it.
There is speculation that WWE has retired the World Heavyweight Title belt.
Since Randy Orton became the first WWE World Heavyweight Champion, WWE has persisted with the champ carrying around two belts.
It hasn’t been confirmed if WWE has retired the belt. WWE has made no mention of the belt’s status.
Source: Wrestling Inc & Bleacher Report:
Wrestling News Blog 