Former President Donald Trump's financial interests in his social media platform, Truth Social, have significantly increased. According to a recent securities filing, Trump's stake in the company has risen to 65%, valuing his holdings at more than $5 billion based on current trading prices. This substantial increase in value is attributed to his possession of 114,750,000 shares, valued at $45.86 each, totaling approximately $5.26 billion. These shares are currently locked up until September and cannot be used as collateral. Additionally, Trump reportedly received a $1.8 billion windfall before the trading session opened, further boosting his net worth by $400 million as the shares of Truth Social rebounded.
"Very Solid": Trump Scores $1.8 Billion Windfall After Significant Increase In Truth Social Stake https://t.co/SPf1Crvoen
Trump’s Net Worth Climbs $400 Million As Truth Social Shares Rebound https://t.co/xs8Z3gA1M6 https://t.co/rb5cj6nDEG
Former President Donald Trump's stake in his social media platform rose to 65%, according to a securities filing, valuing his stake at more than $5 billion based on current trading. https://t.co/F4HEaXE4H5
Trump now has 114,750,000 shares of $DJT. 114.75 million * $45.86/share = $5.26 BILLION. It’s paper profits for now. Locked up until September. Can’t be pledged as collateral either. https://t.co/PdjIc56OXO
$DJT Truth Social, has always just been a way to get around campaign finance rules. Donald just got $1.8 billion before trading opens.