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Fortune

Christiaan Hetzner

Donald Trump’s net worth plunges by more than $1 billion in one day as his meme stock tanks

Donald Trump TMTG Polymarket Pennsylvania

GOP nominee Donald Trump attending a rally In Atlanta. (Credit: Anna Moneymaker—Getty Images)

Donald Trump’s meme stock suffered its worst day ever, blowing a sizable hole in the Republican nominee’s personal fortune.

Shares in Trump Media and Technology Group, the parent company of Truth Social, shed nearly a quarter of its market cap in Wednesday trading—its most for a single session on record. The plunge, which follows concerns Puerto Rican voters may cost Trump the key swing state of Pennsylvania, comes on the heels of an otherwise scorching October rally during which TMTG shares nearly tripled.

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