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President-elect Trump transfers close to $4 billion worth of his Trump Media shares to a trust

  • President-Elect Donald Trump has transferred his entire stake in Trump Media & Technology Group Corp. To his revocable trust, according to Securities and Exchange Commission filings released on Thursday.
  • The transfer involved 114,750,000 shares, representing approximately 53% ownership of the company, completed Tuesday with Trump listed as the sole beneficiary.
  • The shares were valued at more than $4 billion based on a closing price of $35.41 per share Thursday.
  • Donald Trump Jr. Is the sole trustee and has sole voting and investment power over all securities owned by the trust.
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