Pop Pulse News

Trump's Net Worth Jumps $200 Million After He Says He Won't Sell DJT Stock


Trump's Net Worth Jumps $200 Million After He Says He Won't Sell DJT Stock

Former President Donald Trump experienced a more than $200 million boost in net worth Friday after saying he will not sell shares in his social media company despite the upcoming end of a six-month lockup period restricting him from selling the stock, which performed well Friday.

Get Forbes Breaking News Text Alerts: We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text "Alerts" to (201) 335-0739 or sign up here.

Trump Media's Friday rebound is a drop in the bucket of an otherwise poor run since March, when it peaked at $66.22 per share.

Trump's net worth is significantly wrapped up in Trump Media's performance, which has sent his net worth swaying high and low throughout the year as it has reacted to Trump's conviction on 34 felony crimes and his assassination attempt. In May, when shares hit $54, Trump's net worth was boosted to $8.2 billion -- one of its highest points. Speculation around when and if Trump would unload his approximately 60% share of Trump Media has swirled for months, as the company's prospectus had warned a sale could increase volatility or lower the price of Trump Media common stock if "holders of restricted shares sell them."

Previous articleNext article

POPULAR CATEGORY

corporate

6636

tech

7537

entertainment

8163

research

3406

wellness

6269

athletics

8296