Former President Donald Trump is on the cusp of scoring a major financial bonanza – at least on paper.

As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track to receive another 36 million shares as the owner of Truth Social.

This milestone is on track to be hit after the market closes on Tuesday.

Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices.

Trump’s net worth has been on a roller coaster ride ever since his social media company finalized its deal to go public late last month. The former president is the dominant shareholder in a stock that has been called a “meme stock on steroids.”

  • OldWoodFrame@lemm.ee
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    8 months ago

    Surely you can’t add 36 million shares without impacting the share price, and the diluted per-share value impacts every stock he owns, not just the new ones.

    I don’t know how the math pencils out but I would be surprised if the value of his total ownership stake increases by a billion dollars with all that math working against it.

    • Webster@lemmy.world
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      8 months ago

      The distribution itself shouldn’t cause a large drop in the per share price since the market is aware of this coming and would view it as a high probability of happening based on current prices. Otherwise this would be the easiest short term short ever.