President-elect Donald Trump has lost nearly $800 million in his own stock since the 2024 election.
Trump owns 114.75 million shares of Trump Media & Technology Group (TMTG), according to Reuters. On Election Day, the stock price closed at $33.94 per share, making Trump’s stake in the company, which owns Truth Social, worth close to $3.9 billion.
As of Thursday evening at 6:23 p.m. ET, the stock was valued at $26.99 per share, which is a roughly 20 percent decline since November 5, meaning Trump lost more than three-quarters of a billion dollars, and his stake is now worth about $3.1 billion.
TMTG’s stock has seen significant spikes and drops since the company first went public in March. It went on a tear in the weeks before the election amid heightened speculation that Trump would win, skyrocketing more than 200 percent from September 30 to October 30.
The stock jumped again after Trump won, but its value fell by nearly 23 percent the next day.
TMTG shares also climbed on November 8, when Trump announced that he would not be selling any of his shares in the company.
“There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth [Social],” Trump wrote on his social media platform.
“THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING!” he added.
Reuters reported that trading in the stock was briefly halted that day to account for volatility in the wake of Trump’s comments.
According to New York Magazine, the value of Trump’s eponymous media company has plummeted by nearly 50 percent since late October.
Some top TMTG staffers have also dumped their stock in recent days, according to The New Republic, which cited a recent Securities and Exchange Commission filing. Director Eric Swider sold about 136,183 shares on Friday, and Chief Financial Officer Phillip Juhan sold 384,000 from Friday to Monday.
TMTG also reported a net loss of $19 million earlier this month, Forbes reported. The company attributed the loss to its TV streaming costs and legal fees.
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