Donald Trump’s Net Worth Jumps About $900 Million As Trump Media Shares Surge 27%
https://www.forbes.com/sites/tylerroush/2024/06/24/donald-trumps-net-worth-jumps-about-900-million-as-trump-media-shares-surge-27
June 24 2024
TOPLINE Former President Donald Trump’s net worth increased by nearly $900 million on Monday as shares of Trump Media surged in intraday trading to put it on track for its largest single-day gain since going public in March, though the value of his stake in the social media firm has dropped by more than $1 billion so far this month as its stock moves remain highly volatile.
KEY FACTS
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Shares of Trump Media & Technology Group, the parent of social media platform Truth Social, rose by over 27% to $35.23 as of around 1:45 p.m. Friday afternoon.
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The largest daily gain for Trump Media came on April 18, when it jumped nearly 26%.
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The value of Trump’s nearly 65% stake in the company, totaling 114.75 million shares, jumped to over $4 billion from $3.1 billion when the market closed Friday afternoon.
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His stake in the company has lost about $1.6 billion in value this month, after Trump Media’s share price opened at just over $49 on June 3.