President-elect Donald Trump transferred his entire stake of shares in Trump Media to a revocable trust on Tuesday, with the value of the shares exceeding $4 billion, according to regulatory filings. The transfer does not involve any monetary payment to Trump.
The Donald J. Trump Revocable Trust, of which Trump is the sole beneficiary, now holds 114,750,000 shares of Trump Media stock. As a result, Trump indirectly owns these shares due to his status as the trust’s sole beneficiary.
Trump’s son, Donald Trump Jr., serves as the trust’s sole trustee and has control over voting and investment decisions for securities held by the entity. The company’s market capitalization is over $7 billion, but it reported a net loss of $19.2 million in its most recent quarter.
This transfer follows similar moves made by Trump before his first inauguration in 2017, when he transferred various assets to the same revocable trust. The move has raised questions about potential conflicts of interest and Trump’s business dealings with his administration.
Source: https://www.cnbc.com/2024/12/20/trump-transfers-all-his-djt-shares-to-his-revocable-trust-sec-filings-show.html