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Salon
Salon
Quinn Sental

Trump puts Trump Media shares into trust

Trump Media Donald Trump Trump Jr Donald Jr The New York Times The Associated Press Trump Media & Technology Group ( Truth Social

President-elect Donald Trump has transferred all of his Trump Media shares to the Donald J. Trump Revocable Trust, controlled by his eldest son, Donald Jr., according to regulatory filings revealed Thursday. 

The Securities and Exchange Commission filing showed that Trump received no money for the roughly 115 million shares in Trump Media & Technology Group — the parent company of his social media platform, Truth Social — that were transferred to the trust, describing it as “a bona fide gift.” The shares are worth about $4 billion. 

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