Trump Media Faces Significant Losses in 2024

According to estimates from Forbes, President Donald Trump's net worth saw notable fluctuations throughout 2024. On November 4, 2024, his net worth was around $5.6 billion, but by December 23, it had increased to approximately $6.1 billion.

While real estate assets continue to play a major role in Trump's financial portfolio, a significant aspect of his worth in recent years has been tied to the Trump Media & Technology Group, which encompasses his social media platform, Truth Social.

The valuation of Trump Media has experienced ups and downs, directly impacting Trump's overall net worth. CBS News has reported that the company encountered severe financial losses in 2024. According to their report, "Trump Media claims it lost over $400 million last year, with revenue declining by 12 percent to $3.6 million." The Trump Media & Technology Group disclosed its earnings on February 14, stating that the annual loss stemmed from non-cash charges. This included $107.4 million attributed to stock-based compensation and a significant accounting loss of $225.9 million related to the changes in fair value of derivative liabilities.

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Additionally, CBS News noted that following Trump's victory in the 2024 election, he transferred all of his shares in Trump Media & Technology Group, which were "valued at approximately $4 billion on paper", into the Donald J. Trump Revocable Trust. Trump's shares constituted more than half of the company's total stock. His eldest son, Donald Trump Jr., serves as the sole trustee, possessing exclusive voting and investment authority over the trust's holdings.

In recent months, Trump Media & Technology Group has introduced a streaming service and applied for trademarks for a series of exchange-traded funds, as well as separately managed accounts. The goal, as expressed by Trump Media CEO Devin Nunes, is to create investment options focused on American energy and manufacturing sectors, providing a "competitive alternative to the woke funds and banking issues prevalent in the market," as noted by CBS News.

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Read the full CBS News article at this link.

Trump, Media, Losses