Loading...
Loading...
Browse all stories on DeepNewz
VisitTrump'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.
View original story
Markets
Yes • 50%
No • 50%
Stock market tracking platforms such as NASDAQ or NYSE listings
No • 50%
Yes • 50%
SEC filings and Truth Social public announcements
No • 50%
Yes • 50%
SEC filings, Truth Social public statements, or major financial news outlets
Less than $10 billion • 25%
More than $30 billion • 25%
Between $20 billion and $30 billion • 25%
Between $10 billion and $20 billion • 25%
Stock market tracking platforms and financial reports
Between $5 billion and $10 billion • 25%
More than $15 billion • 25%
Less than $5 billion • 25%
Between $10 billion and $15 billion • 25%
Financial reports, SEC filings, and market analysis
No significant change in political spending • 25%
Increased political donations • 25%
Funding own political campaigns • 25%
Invests in other media ventures • 25%
Political news coverage, campaign finance reports