Trump Sees Net Worth Dip Below $4B After Truth Social Stock Tumbles: Could Ex-President Sell Shares Soon?
Portfolio Pulse from Chris Katje
Trump Media & Technology Group's (NASDAQ:DJT) stock has significantly dropped, reducing Donald Trump's net worth below $4 billion. After going public in late March with a high opening share price, DJT's value has since fallen, with Trump's stake now valued at $1.88 billion. This decline has impacted Trump's ranking among the world's richest, removing him from the Bloomberg Billionaires Index. The company's future share volatility may be influenced by Trump's potential share sales after a six-month lockup period and ongoing legal challenges.
April 17, 2024 | 5:18 pm
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Trump Media & Technology Group's stock has seen a significant decline, impacting Trump's net worth and potentially influencing future share volatility due to legal challenges and the possibility of Trump selling shares after a lockup period.
The decline in DJT's stock price directly reduces the valuation of Trump's stake, affecting his net worth and financial standing. The ongoing legal challenges and the potential for significant share sales after the lockup period could further impact the stock's volatility and investor perception.
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