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Trump shares nosedive: Donald Trump loses billions
Trump Media Stock Market Value Plummets, Below $5 Billion! Learn how volatility has affected Donald Trump's net worth. 📉 #TrumpMedia #stock market #volatility #market value #net worth
Trump shares nosedive: Donald Trump loses billions
Trump stock has had a turbulent time in recent weeks since its IPO at the end of March. Everything was there, from massive price jumps to deep crashes. This extreme volatility has a direct impact on Donald Trump's net worth.
In the past five trading days, Trump shares have lost about 30 percent of their value and on Thursday marked their lowest level since the merger of Trump Media with the shell company Digital World Acquisition Corp. and the start of trading at the end of March. Since its peak at that time, the share price has fallen almost 60 percent.
This drastic drop in stock prices not only reduced the company's market value by approximately $3 billion to under $5 billion, but also affected Trump's personal fortune. With 78.75 million shares, he holds around 60 percent of Trump Media. After the stock market debut, his stake was worth up to $6 billion, earning him a spot in the Bloomberg Billionaires Index, a daily ranking of the world's 500 richest people.