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President-elect Donald Trump transferred all of his shares this week Trump Media A revocable trust in which he is the sole beneficiary, supervision Filing Revealed Thursday night.
Trump gave away 114,750,000 shares of his Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday but did not receive any funds, according to a filing with the Securities and Exchange Commission. Securities and Exchange Commission.
Trump Media, which trades under the symbol DJT, closed at $35.41 per share on Thursday, bringing the value of the transferred shares to more than $4 billion.
Trump is the largest individual shareholder in the social media company, which operates the “Truth Social” app. His stake represents nearly 57% of the company.
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