Posted by Alumni from Wired
January 16, 2025
Over the decades, Donald Trump's literal fortunes have ebbed and flowed. (Six of his hotels and companies, remember, have filed for bankruptcy protection over the years.) But as he prepares to enter the White House for a second time, Trump has never been richer. His net worth, Forbes estimates, hit $7 billion this week, a meteoric increase fueled primarily by an unlikely source: Truth Social. Specifically, the majority of Trump's net worth currently derives from shares of Trump Media & Technology Group, the parent company of the conservative Truth Social platform that launched in 2022. As the majority owner of TMTG, Trump's riches rise and fall with the stock, which itself has seen wild swings; he lost $1.3 billion on paper in a single two-day span in late October. The company's underlying financials are uninspiring, but its stock price (ticker: DJT) has surged regardless since Trump won the presidential election. Technically Trump's DJT shares now sit in a revocable trust'of which... learn more
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