(New York) – Donald Trump’s recent election victory has led to a notable increase in his net worth, adding approximately $300 million as shares in his Trump Media & Technology Group surged in response to his win. This market shift has bolstered Trump’s fortune significantly as he prepares to assume his second presidential term.
Trump Media’s shares experienced an 8% rise, reaching nearly $37 as of Wednesday morning, following earlier gains in premarket trading that briefly pushed the stock above $40. Trump’s 57% ownership in the media company, which equates to about 114.75 million shares, grew in value by an estimated $290 million, bringing his stake to approximately $4.1 billion.
The stock’s performance comes despite recent financial challenges reported by Trump Media, including a $19.2 million loss in the third quarter and a 5.6% decline in year-over-year revenue. Tuesday’s trading saw a sharp increase of 18.6% to $40.74, followed by a brief decline that led to a temporary trading halt, eventually closing down by 1%.
Trump Media Stock Performance (October-November)
| Period | Share Price Growth | Peak Price | Major Events Influencing Stock |
|---|---|---|---|
| October | 119% | $54.68 | Series of 15%+ trading gains |
| November | 8% | $37.00 | Trump’s election victory |
Big Number: Trump Media shares rose by 119% in October, driven by trading sessions with increases of over 15%. The stock reached a high of $54.68 during this period, marking its strongest performance since June.
According to Forbes, Trump’s net worth now stands at approximately $6.3 billion, although it has fluctuated due to market volatility linked to Trump Media shares. This marks the first time his wealth briefly surpassed $8 billion since the company went public via a reverse merger in March. Since then, Trump Media’s stock has seen substantial rises and falls, closely tied to the dynamics of Trump’s presidential campaign.
The stock initially saw high valuations, peaking at close to $10 billion in May before a significant decline. Throughout Trump’s campaign, the stock reacted to key events, including debates with political opponents, and shifts in election betting markets. With his recent election win, the stock has surged once again, although its volatility has led to several trading suspensions in recent weeks as market interest has intensified.
