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Trump's Truth Social Stake Hits 65%, Valued Over $5 Billion; $1.8B Windfall
May 2, 2024, 08:50 PM
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.
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