About $1.3 billion has been added to former President Donald Trump’s net worth over the last week, as shares of Trump Media have significantly rebounded since falling below $27, though the value of his stake in the firm—the parent of social media platform Truth Social—is still down by more than $1 billion this month.
The former president's stake in his media company has lost over $1 billion in value this month.
Shares of Trump Media & Technology Group fell 7% to below $37 on Thursday, though the stock has surged 36% since dropping to $26.75 on June 20, its lowest point this month.
The value of Trump’s nearly 65% stake in the company, totaling 114.75 million shares, has increased from $3 billion to $4.3 billion over the next five days, including intraday trading Thursday.
As of Thursday, Trump’s stake in Trump Media has lost about $1.3 billion this month after the company’s share price started the month at just over $49.
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Trump has a net worth of $6.3 billion, according to our latest estimates, putting him in the top 500 of the world’s wealthiest people. His net worth grew about $4.1 billion to over $8 billion when Trump Media went public on March 26, with a share price that peaked at $79.38. We estimate Trump Media to be worth between $40 million and $90 million, after using the same metrics—average revenue per user and price-to-sales ratio—used to determine the value of other social media companies.
Trump Media shares increased by more than 21% on Monday, the company’s largest single-day gain since a 26% increase on April 18.
Stock movement for Trump Media has been highly volatile since trading opened earlier this year. The stock has dipped several times this month, including a 14% drop last week, and fell nearly 20% in the weeks after Trump was convicted in his hush money trial. Trump Media was allowed to go public in March after merging with Digital World Acquisition Corp, a special-purpose acquisition company. Trump added 36 million shares in Trump Media in April, after the company’s stock achieved unspecified performance criteria, the Securities and Exchange Commission said.