President-elect Donald Trump’s net worth increased more than $875 million Monday, surging as Trump Media & Technology Group’s stock had its strongest trading day in over two months ahead of Trump’s inauguration.
Key Facts
- Trump’s net worth spiked $868 million to $7 billion as of 4:10 p.m. EST, marking a $1 billion increase from Dec. 20, when the president-elect moved his 57% stake in his media company to his revocable living trust.
- The spike in net worth coincided with a more than 20% jump in Trump Media’s share price, which closed at $42.91.
- The jump marked the stock’s highest closing price since Oct. 29, when the stock hit one of its highest points of 2024 and sent Trump’s net worth skyrocketing to $7.7 billion.
- There does not appear to be a clear catalyst for Trump Media’s Monday surge, though it comes one week before Trump’s inauguration (many of Trump Media’s surges or slides have been predicated on news about the president-elect, as opposed to financial developments within the company).
Key Background
Trump Media’s share price experienced a volatile 2024 after going public last March. Shares peaked that year at $66.22 not long after its debut and fell as low as $12.15 in September. The stock surged out of its slump ahead of Trump’s election victory, reaching $51.51 in late October amid trading halts over its volatile movement. Trump transferred approximately 114.75 million of his shares in Trump Media to the Donald J. Trump Revocable Trust in December, meaning he indirectly owns the shares while his son, Donald Trump Jr., serves as the trust’s sole trustee. The president-elect is the lone beneficiary of the trust and has said he doesn’t plan on selling his stake, though moving his stake to the trust could allow his son to sell the shares, The New York Times reported.
This story was originally published on forbes.com and all figures are in USD.
