Donald Trump Awarded 36 Million More Trump Media Shares Worth $1.6 Billion

By Mike Fishmore | May 10, 2024

Total ownership

Former President Donald Trump has received an additional $1.6 billion worth of shares in Trump Media & Technology Group, the parent company of his social network Truth Social, after the stock price hit certain benchmarks. 
 

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This brings his total ownership to over 114 million shares valued at around $5.2 billion based on current stock prices. 
 

Went public

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Trump Media went public by merging with a special purpose acquisition company, and its shares surged after the initial public offering before losing value after the company reported large losses in its first earnings report.