Trump Media’s stock price jumps, adding about $2 billion to Trump’s stake in company: Report

The 2024 GOP presidential nominee's stake in the company, 115-million-shares, is currently worth more than $3 billion, according to a report from the New York Times.

By Nicholas Ballasy

Published: October 16, 2024 8:53am

The value of Trump Media, the parent company of Truth Social, has gone up over the last few weeks, adding roughly $2 billion to Trump's portion of the company.

The stock price went up about 10% in early trading on Tuesday but closed back down about 10%.

Still, the 2024 GOP presidential nominee's stake in the company, 115-million-shares, is currently worth more than $3 billion, according to a report from the New York Times.

The company went public in March.