Donald Trump Adds $200 Million To Net Worth As Truth Social Parent’s Shares Rebound
Former President Donald Trump’s net worth has climbed by more than $200 million over the last two days, as shares of Trump Media rallied after a days-long selloff that sent the stock to consecutive record lows, though the value of the former president’s stake is still down since peaking earlier this year.
Shares of Trump Media & Technology Group—the parent company of Truth Social—increased by 10% to over $14 as of around 10:50 a.m. EDT, after closing up more than 5% on Tuesday.
The value of Trump’s roughly 60% stake—totaling 114.75 million shares—has swelled from $1.39 billion Monday to $1.62 billion as of Wednesday’s share price.
The company is still worth far less than its peak market cap: After closing at $17.97 on Sept. 13, Trump Media shares declined by 32% through Monday’s close—erasing nearly $670 million from Trump’s net worth.
After his fortune increased by $162 million (4.5%) on Wednesday, Trump has an estimated net worth of $3.7 billion. His net worth jumped to a peak of more than $8 billion from about $4.1 billion when Trump Media went public in March.
No insider has reported selling Trump Media shares to the Securities and Exchange Commission since a lockup period ended last week. Concerns surrounding the lockup, which prohibited shareholders who own 5% or more of shares or those who serve in high-level management positions from selling their shares, sent Trump Media’s stock into the red amid fears Trump would sell his stake.
Those affected by the ban—including Trump—are required by the SEC to report selling a portion of their stake.
The former president previously said he has “absolutely no intention” of selling his shares.
Trump Media’s shares have fluctuated heavily since the company went public in March and fell to a fifth-consecutive low as of Monday’s close.
The stock has declined by 82% since hitting a high of $79.38, and it has remained volatile, including a surge after Trump debated with President Joe Biden and a dip after betting markets began favoring Vice President Kamala Harris in the upcoming election.
The Truth Social parent’s valuation was about $2.4 billion at Monday’s close, down from a nearly $10 billion peak in May, though analysts believe the company is still overvalued due to limited revenue.
