The Trump Media share price crash plunged its majority owner’s net worth down a billion dollars this week
Former president Donald Trump’s net worth has plunged by more than $1 billion this week, triggered by a stock crash at Truth Social parent company Trump Media & Technology Group.
Shares plunged by 22% on Wednesday and another 14% on Thursday, with trading being halted multiple times due to volatility in the stock.
The shares, representing a company that boasted an annual revenue of just $4.1 million last year, have acted as a speculative vehicle for Trump’s prospects, with the presidential nominee holding a majority stake.
