Topline
Former President Donald Trump’s net worth dropped about $475 million on Thursday as shares of Trump Media continue to slide, which has decreased the value of his stake in the social media company by more than $2 billion this month.
The former president’s stake has lost over $2 billion in value so far this month.
Key Facts
Shares of Trump Media & Technology Group, the Trump-owned parent of social media platform Truth Social, fell by over 13% to $27.17 as of Thursday morning.
The value of Trump’s nearly 65% stake in the company—totaling 114.75 million shares—fell from $3.5 billion to $3.1 billion.
Trump Media’s share price has decreased by about 43% since starting the month at just over $49, shrinking the value of Trump’s $5.6 billion stake in the company by about $2.4 billion.
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Forbes Valuation
We estimate Trump’s net worth is $5 billion, after it saw a nearly 8% drop on Thursday.
Big Number
$4.1 billion. That’s how much Trump’s net worth grew when Trump Media went public on March 26, when the company’s share price peaked at $79.38. Forbes estimates Trump Media is worth between $40 million and $90 million using the same metrics—average revenue per user and price-to-sales ratio—used to determine the value of other social media companies.
Key Background
Trump Media’s decline adds to an earlier dip this week, after the social media company’s shares fell by nearly 10% on Tuesday. The company went public by merging with Digital World Acquisition Corp, after announcing an intent to merge in 2021. Trump Media was allowed to hit the market without regulator hurdles associated with traditional public offerings because Digital World is a special-purpose acquisition company. Trump’s company has experienced volatile stock movement since then, including a nearly 20% drop in the weeks after he was convicted in his hush money trial.
