President-elect Donald Trump transferred his entire shareholding in Trump Media to a revocable trust, retaining indirect ownership. The transfer, valued at over $4 billion, was made to the Donald J. Trump Revocable Trust, with Donald Trump Jr. serving as the sole trustee.
President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed. Trump did not receive any money for the gift of the 114,750,000 shares to the Donald J. Trump Revocable Trust on Tuesday, according to a filing with the Securities and Exchange Commission. Trump Media , which trades under the DJT ticker, closed at $35.
41 per share, making the value of the transferred stock more than $4 billion.Because Trump is the beneficiary of the trust, he now 'indirectly' owns the Trump Media shares he transferred, the SEC filing noted.The president-elect's son, Donald Trump Jr., is the sole trustee of the trust, and has sole voting and investment power over securities held by the entity, according to a separate SEC filing Thursday. Trump Media, which trades under the DJT ticker, closed at $35.41 per share Thursday, making the value of the transferred stock more than $4 billion. Trump, who is set to be sworn in as president for a second non-consecutive term on Jan. 20, had been the largest individual shareholder in the social media company, which operates the Truth Social app. His stake represented nearly 53% of the company's outstanding shares.President-elect Donald Trump arrives to ring the opening bell at the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York.The SEC filing on Thursday said that after Trump transferred his shares, he 'directly owned 0 shares of Trump Media & Technology Group Corp. and indirectly owned 114,750,000 shares of Trump Media & Technology Group Corp.'The type of transfer Trump used this week is not new for the president-elect, although the dollar value of his shares outpaces the value of any assets he previously moved. Before his first inauguration as president in 2017, Trump made similar transfers to the same revocable trus
Trump Media Trust Share Transfer Donald Trump Jr. SEC Filing
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Trump Transfers $4 Billion Stake in Trump Media to Revocable TrustPresident-elect Donald Trump has transferred his entire stake in Trump Media to a revocable trust, making his indirect ownership of the company's shares worth over $4 billion.
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Trump Transfers Stakes in Trump Media to Revocable TrustDonald Trump moves his entire shareholding in Trump Media & Technology Group Corp. to a revocable trust, retaining indirect ownership of the company.
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Trump Transfers Nearly $4 Billion in Trump Media Shares to Revocable TrustPresident-elect Donald Trump transferred his entire stake of shares in Trump Media to a revocable trust, making him the indirect owner of the company's stock.
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Trump Transfers Nearly $4 Billion Stake in Trump Media to Revocable TrustPresident-elect Donald Trump transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed. The transfer involves 114,750,000 shares, valued at over $4 billion, according to a filing with the Securities and Exchange Commission. Although Trump did not receive any money for the gift, he now indirectly owns the shares through the trust. This type of transfer is not new for Trump, who made similar moves to the same trust before his first inauguration in 2017.
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