"Very Solid": Trump Scores $1.8 Billion Windfall After Significant Increase In Truth Social Stake
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Trump awarded another $1.8 billion worth of Trump Media stock
Former President Donald Trump has secured an additional $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social. That brings his total ownership to more than 114 million shares, which based on Wednesday morning’s stock price, are worth $5.7 billion. For now, the value of those shares...
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Trump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarks
Trump, the presumptive Republican presidential nominee, now owns close to two-thirds of the company's outstanding shares.