About $300 million was erased from Donald Trump’s net worth after shares of Trump Media & Technology Group fell by 8% on Tuesday, as trading in the Truth Social parent has declined since surging after Trump’s election victory last week.
A surge for the Truth Social parent after Trump’s election victory last week has been erased.
Shares of Trump Media decreased to under $31 as of around 2:40 p.m. EST on Tuesday, after two positive trading sessions for the stock that increased its value by a combined 20.6% to $33.41 on Monday.
Trump’s roughly 57% stake in Trump Media—totaling 114.75 million shares—fell from just over $3.8 billion Monday to $3.5 billion, after peaking as high as $5.2 billion as shares hit an apex of $45.77 on Nov. 6.
Positive trading for the stock followed a statement from Trump on social media last week claiming there were “fake, untrue and probably illegal claims” suggesting he would sell his Trump Media stake, though it’s not clear what rumors the president-elect—who has previously said he would not sell his shares—was referring to.
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Trump’s fortune is valued at $5.6 billion, ranking him as the 591st-richest person in the world, according to our latest estimates. Volatile trading in Trump Media has caused Trump’s net worth to fluctuate, including a surge in October that increased his fortune to over $8 billion for the first time since the company went public in March.
Though Trump has said he would not sell his stake, other Trump Media executives have announced plans to sell some shares: Phillip Juhan, the company’s CFO, adopted a plan earlier this month to sell shares worth about $13.4 million by December 2025, according to a Securities and Exchange Commission filing.
Experts have largely considered Trump Media to be a meme stock since the company went public in March through a reverse merger with Digital World Acquisition Corp. Trading in Trump Media has been volatile in recent months amid Trump’s campaign and the company’s financial performance. Earlier this month, Trump Media reported a net loss of $19 million in its third quarter, which the company attributed to legal fees and its TV streaming efforts. Trump Media shares jumped after he debated President Joe Biden and the first assassination attempt on his life in July, though they fell after he debated Vice President Kamala Harris in September. The stock briefly surged after Trump won the election last week, but then fell by nearly 23% the following day. Trump has said he would not sell his shares, despite becoming eligible to do so earlier this year, saying: “I’m not selling, I love it.”