DJTWW Trump Media & Technology Group Corp.

Donald Trump's net worth has significantly increased in 2024, reaching an estimated $6.4 billion, largely due to his majority stake in Trump Media & Technology Group Corp (TMTG) and its Truth Social platform. This growth occurred despite legal challenges and a volatile stock market, also coinciding with his successful US Presidential election campaign. His current net worth marks a substantial rise from the $2.5 billion he held at the end of 2023.

Shares of Trump Media & Technology Group (DJT) are surging as the election approaches, having more than doubled since a September low, though still below their March peak. The volatility has led some analysts to label it a meme stock, driven by social media buzz among loyal Trump supporters rather than traditional financial metrics. The company, whose core asset is Truth Social, recently launched its streaming service Truth+ TV and is also seen as a proxy for Trump's potential electoral success.

Shares of Trump Media & Technology Group (TMTG), which operates Truth Social, dropped to a new low after the six-month insider lockup period expired. The stock closed at $12.15/share, an 82% decrease from its March peak, despite former President Donald Trump's stated intention not to sell his shares. The company, which reported significant net losses, acknowledgedその value is tied to Donald Trump's popularity.

Trump Media & Technology Group's stock (DJT) experienced another significant slide, dropping nearly 60% from its peak. This decline is attributed to a fading of initial investor euphoria and the company's filing of an S-1 document with the SEC, which could lead to the future sale of millions of shares by investors and insiders. The S-1 filing, common after SPAC mergers, could increase shares outstanding and put downward pressure on the stock, significantly impacting Trump's personal finances and smaller investors.