Donald Trump

The stock of Trump Media has brought wealth to numerous individuals and corporations who support President Trump.

Published

on



In summary, former President Trump’s social media company, Truth Social, saw a surge in its stock value on its first trading day on the Nasdaq, reaching a market value of nearly $9 billion. The biggest beneficiary is Trump himself, with a stake worth over $5 billion. Other executives, such as Phillip Juhan, Vladimir Novachki, and Andrew Northwall, also saw their net worth increase significantly. The company’s valuation is driven by individual investors and Trump supporters rather than traditional investment firms. Major shareholders include ARC Global and United Atlantic Ventures, with stakes worth over $700 million and $500 million, respectively. Shareholders, including Trump, are restricted from selling or pledging their shares for at least six months. Lawsuits over ownership stakes are pending in Delaware Chancery Court. Susquehanna International Group, a major institutional investor, owned about 2% of the company at the end of last year.

– Truth Social stock surged on Nasdaq, reaching $9 billion market value
– Trump’s stake is worth over $5 billion
– Executives like Phillip Juhan, Vladimir Novachki, and Andrew Northwall also saw significant net worth increase
– Valuation driven by individual investors and Trump supporters
– Major shareholders include ARC Global and United Atlantic Ventures
– Shareholders restricted from selling or pledging shares for at least six months
– Lawsuits over ownership stakes pending in Delaware Chancery Court
– Susquehanna International Group owned about 2% of the company at the end of last year



Source link

Trending

Exit mobile version