Trump's Net Worth Drops About $475 Million As Media Shares Fall
What percentage of Trump Media does Donald Trump own?
Donald Trump owns nearly 65% of Trump Media & Technology Group, which totals 114.75 million shares. This stake's value dropped from $3.5 billion to $3.1 billion as shares of Trump Media fell over 13% recently.
What was the peak share price of Trump Media when it went public?
The peak share price of Trump Media when it went public was $79.38 on March 26, following its merger with Digital World Acquisition Corp.
What factors contributed to Trump Media's stock price decline this week?
Trump Media's stock price decline this week was influenced by the guilty verdict in Donald Trump's federal hush-money trial and the SEC declaring the company's S-1 filing effective, which led to concerns of share dilution as investors exercised warrants3. Additionally, the company's amended S-1 filing highlighted potential risks related to disagreements with Trump over the use of Truth Social. These factors contributed to a 46% drop in stock value since the verdict and increased selling pressure.