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This decline brought the value of Trump’s 57 per cent stake in TMTG from $3.8 billion to around $3.5 billion, marking a steep drop from the $5.2 billion peak reached earlier in the month.
Following the latest adjustment, Trump’s net worth is estimated at $5.6 billion, placing him at 591st on the global wealth list. (Getty Images)
The net worth of US President-Elect Donald Trump’s net worth has declined by $300 million after shares of Trump Media & Technology Group (TMTG), parent to Truth Social, dropped by 8 per cent on November 12. By afternoon trading, TMTG shares were valued at just under $31, down from $33.41 the previous day and well below their November 6 high of $45.77. This decline brought the value of Trump’s 57 per cent stake in TMTG from $3.8 billion to around $3.5 billion, according to Forbes, marking a steep drop from the $5.2 billion peak reached earlier in the month.
The company’s stock had seen a recent uptick after Trump publicly dismissed rumours that he was planning to sell his stake, though he left the details vague. His fortune has fluctuated alongside TMTG’s stock since it went public in March 2024 via a merger with Digital World Acquisition Corp. Following the latest adjustment, Trump’s net worth is estimated at $5.6 billion, placing him at 591st on the global wealth list.
Despite Trump’s assurance about retaining his shares, other TMTG executives, like CFO Phillip Juhan, have scheduled share sales over the coming year. TMTG’s stock performance has been highly volatile, with movements tied to Trump’s political actions and the company’s financials.
In its recent quarterly report, TMTG disclosed a $19 million loss, with expenses driven by legal and streaming service costs. The stock saw temporary spikes following high-profile events, like Trump’s debates and a failed assassination attempt, but these gains have often been short-lived amid ongoing fluctuations.
