Donald Trump has transferred his entire holdings in Trump Media to a revocable trust, valued at over $4 billion. The move sees Trump relinquish control of the social media company, which operates the Truth Social app.
President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed. Trump did not receive any money for the gift of the 114,750,000 shares to the Donald J. Trump Revocable Trust on Tuesday, according to a filing with the Securities and Exchange Commission. Trump Media , which trades under the DJT ticker, closed at $35.
41 per share, making the value of the transferred stock more than $4 billion.Trump had been the largest shareholder in the social media company, which operates the Truth Social app
Trump Media Revocable Trust Shares Donald Trump Truth Social
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