US President-elect Donald Trump has transferred approximately $4 billion worth of shares in his media company, Trump Media & Technology Group Corp., to a trust controlled by his eldest son, Donald Trump Jr. The move is similar to the approach taken during Trump’s first term when he used trusts and other entities to shield family assets from public scrutiny. As a result, the soon-to-be president will now directly own no shares and be the sole beneficiary of the trust, according to a filing with the US Securities and Exchange Commission.
Source: https://www.bloomberg.com/news/articles/2024-12-20/trump-moves-4-billion-trump-media-stake-into-trust-run-by-son