$DJT Stock Surges 21% Ahead of Trump's Inauguration, Boosting His Net Worth by $875 Million

Jan 13, 2025, 08:54 PM

Shares of Trump Media & Technology Group, trading under the ticker $DJT, surged 21% on Monday, closing at $42.91. This increase contributed to a rise in President-elect Donald Trump's net worth by more than $875 million, bringing his total wealth to approximately $7 billion. The stock's performance was its strongest in over two months, occurring a week before Trump's inauguration for his second term. There does not appear to be a clear catalyst for the surge, though Trump Media's stock has been volatile since its public debut in March 2024, often influenced by news related to Trump rather than the company's financial developments. Trump indirectly owns more than half of the company's shares through a trust managed by his son, Donald Trump Jr., and the stock reached its highest closing price since October.