Donald Trump's Net Worth Plunges $475 Million as Trump Media Shares Continue to Slide

By Jace Dela Cruz

Jun 21, 2024 07:55 AM EDT

Former President Donald Trump's net worth fell by about $475 million as shares of Trump Media & Technology Group continued their downward trend. 

Donald Trump Campaigns For President In Racine, Wisconsin
RACINE, WISCONSIN - JUNE 18: Republican presidential candidate former President Donald Trump arrives for a rally at Festival Park on June 18, 2024 in Racine, Wisconsin. This is Trump's third visit to Wisconsin, a key swing state in 2024
(Photo : Scott Olson/Getty Images)

Donald Trump's Net Worth Declines Due to Drop in Trump Media Shares

According to Forbes, the declining stock prices have slashed the value of his holdings in the social media company by over $2 billion this month. Trump Media, which owns the Truth Social platform, saw its stock price drop more than 13% to $27.17 on Thursday morning.

Donald Trump's majority stake in the company, roughly 65%, amounts to 114.75 million shares, which fell from $3.5 billion to $3.1 billion in value.

READ NEXT: Donald Trump Secures Another $1.6 Billion Worth of Shares in Trump Media

Donald Trump's Net Worth

The company's stock has dipped approximately 43% from just over $49 at the beginning of the month, significantly impacting the former president's $5.6 billion stake, reducing it by about $2.4 billion.

Forbes now estimates Donald Trump's net worth at $5 billion, reflecting a nearly 8% decline on Thursday. 

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