Former President Donald Trump has recently obtained an additional $1.6 billion worth of shares in Trump Media, as per a regulatory filing. This acquisition stems from the company's stock meeting specific price benchmarks, resulting in Trump being granted an extra 36 million shares in the firm that houses his social media platform, Truth Social. Consequently, his total ownership now exceeds 114 million shares, valued at approximately $5.2 billion based on the closing stock price on Wednesday.
At present, the value of these shares is considered as 'paper wealth,' with Trump being restricted from selling any shares for six months post the public debut of Trump Media unless a waiver is granted by the company's board. As the presumptive Republican presidential nominee, Trump now possesses nearly two-thirds of the company's outstanding shares.
