Home Tech How Much Is Donald Trump’s Truth Social Stock Worth?

How Much Is Donald Trump’s Truth Social Stock Worth?

201
0
How Much Is Donald Trump’s Truth Social Stock Worth?

Over the decades, Donald Trump’s literal fortune has ebbed and flowed. (Remember, six of his hotels and companies have filed for bankruptcy protection over the years.) But as he prepares to enter the White House for the second time, Trump has never been rich. His net worth, Forbes estimates, reached $7 billion this week, a meteoric rise largely thanks to an unlikely source: Truth Social. In particular, the majority of Trump’s net worth now comes from the shares of Trump Media & Technology Group, the parent company of the conservative Truth Social platform that will be launched in 2022. As the majority owner of TMTG, Trump’s wealth goes up and down with stocks, which themselves have looked wild. swing; lost $1.3 billion in paper in a span of one two days in late October. The company’s underlying financials aren’t exciting, but its stock price (ticker: DJT) has risen regardless since Trump won the presidential election. Technically DJT Trump’s stock is now in a revocable trust—of which Trump is the sole beneficiary. However, they are not immediately his. Because these stocks represent billions of dollars owned by the most powerful people in the world—and because it’s fun to watch people gain or lose billions of dollars in a matter of days—we’re tracking exactly how much Trump owns in DJT. worth. The ticker below will update automatically every 20 minutes or so, giving you a close to real-time read of how many billions of social media moguldom Trump is worth at any given time. Enjoy the ups and downs! There are many.

Source link