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The Guardian - US
The Guardian - US
World
Hugo Lowell

Exclusive: Trump Media saved in 2022 by Russian-American under criminal investigation

Trump Media Michael Shvartsman United States ES Family Trust Russia Donald Trump Will Wilkerson DHS SEC Truth Social
a screen displays the stock price for
The former president stands to gain billions from the merger that took the parent company of Truth Social public. Photograph: Brendan McDermid/Reuters

Donald Trump’s social media company Trump Media managed to go public last week only after it had been kept afloat in 2022 by emergency loans provided in part by a Russian-American businessman under scrutiny in a federal insider-trading and money-laundering investigation.

The former US president stands to gain billions of dollars – his stake is currently valued at about $4bn – from the merger between Trump Media and Technology Group and the blank-check company Digital World Acquisition Corporation, which took the parent company of Truth Social public.

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