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Trump Transfers 114.75 Million Shares Worth $4B in Trump Media, Parent of Truth Social, to Revocable Trust

Dec 20, 2024, 11:40 AM

President-elect Donald Trump has transferred his entire stake of 114.75 million shares in Trump Media & Technology, the parent company of Truth Social, to a revocable trust. Regulatory filings indicate that Trump is the sole beneficiary of this trust. The shares, valued at over $4 billion based on a price of $35.41 per share, were moved earlier this week. Despite the transfer, Trump remains the indirect owner as he serves as the trust's director. The stock has faced a decline in value following this move.