Trump Media shares have been declining in recent days. So too has Donald Trump’s net worth.
Trump is no longer on the Bloomberg Billionaires Index, a daily rating of the world’s 500 richest individuals, after Trump Media, the parent company of the former president’s social media startup, Truth Social, saw its stock price plummet.
Shares fell 12% on Friday and 8% on Monday. After falling as much as 4.8% on Tuesday, the stock recovered to settle at $37.47, up 0.8% for the day but still more than 50% off its high in late March.
Tuesday marked the first time the stock had fallen below $35.50 since Trump Media merged with the public shell company Digital World Acquisition Corp. and began trading under the ticker DJT on March 26.
The company’s market worth has decreased by billions of dollars due to the price drop over the last two weeks, despite its initial public offering valuation of roughly $8 billion.
How much is Donald Trump worth?
The stock of Trump Media has experienced significant fluctuations since its inception, leading to notable fluctuations in the net worth of the former president in recent weeks.
Former President Donald Trump became a billionaire on the Bloomberg Billionaires Index after his company, Trump Media, went public. With 78.75 million shares and owning approximately 60% of the company, his stake was valued at up to $6 billion.
As of Tuesday, his share was worth closer to $3 billion, at least on paper. Trump cannot sell his shares until September without the approval of the Trump Media Board.
On Tuesday afternoon, Forbes estimated Trump’s net worth at $4.8 billion, ranking him as the world’s 653rd richest person. As of Tuesday, the Bloomberg Billionaires Index, which assesses personal wealth based on market, economic, and Bloomberg reporting, showed the lowest net worth at $5.81 billion.
How much is Trump Media worth?
Although the company’s value has experienced a decline in recent days, $5 billion still represents a substantial price tag for a company that incurred a loss of over $58 million while generating a revenue of $4 million in 2023.
Experts have noted that Trump Media’s valuation appears to be higher than that of other social media platforms. This could be attributed, at least in part, to investments made by Trump supporters. Prior to the company’s initial public offering, an auditing firm issued a warning regarding Trump Media’s operating losses, expressing concerns about its ability to sustain itself as a viable business.
In a recent post on Truth Social, Trump showed his support for the company, expressing his confidence in its strength and rapid growth.
One post enthusiastically states, “I wouldn’t use it if it didn’t work or effectively spread the message – But it does work, and it works exceptionally well – And the excitement is only just beginning!!!”
