About $1. 3 billion has been added to former President Donald Trump’s net worth over the past week, as Trump Media shares have especially rallied since falling below $27, the value of his stake in the company. the parent of the social media platform Truth Social, is still down more than $1 billion this month.
Trump Media Stock
The price of Trump’s roughly 65% stake in the company, totaling 114. 75 million shares, rose from $3 billion to $4. 3 billion over the next five days, adding Thursday’s intraday trading.
On Thursday, Trump’s stake in Trump Media lost about $1. 3 billion this month, after the company’s inventory was worth just over $49 that month.
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Trump has a net worth of $6. 3 billion, according to our latest estimates, which puts him among the 500 richest people in the world. His net worth grew from about $4. 1 billion to more than $8 billion when Trump Media went public on March 26, with inventory costs peaking at $79. 38. We estimate that Trump Media costs between $40 million and $90 million, after employing the same metrics (average profit consistent with the user and cost-to-sale ratio) that are used for the cost of other social networks. Companies.
Shares of Trump Media jumped more than 21% on Monday, the company’s biggest one-day gain since a 26% gain on April 18.
The move in Trump Media’s stock has been highly volatile since markets opened earlier this year. The stock has fallen several times this month, adding a 14% drop last week, and has fallen only about 20% in the weeks since Trump was convicted over his secrecy. judgment. Trump Media was cleared to go public in March after merging with Digital World Acquisition Corp, a specialty acquisition company. Trump added 36 million inventories at Trump Media in April, after the company’s inventories met unspecified functionality criteria, the Securities and Exchange Commission said.
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