Trump Places DJT Shares in Revocable Trust
President-elect Donald Trump recently transferred his stake in Trump Media & Technology Group to a revocable trust, as reported in a regulatory filing on December 19th. The filing described the transfer as a gift, with Trump not receiving any money for the nearly 115 million Trump Media shares moved to the Donald J. Trump Revocable Trust. This move means that Trump now indirectly owns the Trump Media shares he transferred, according to the SEC filing.
The trust is overseen by Trump’s eldest son, Donald Trump Jr., who acts as the sole trustee with full voting and investment authority over its assets. The company, which trades under the ticker “DJT,” closed at $35.41 per share on Thursday, valuing the transferred stock at over $4 billion. However, the stock price dropped to slightly above $33 when trading opened Friday, reducing the value of Trump’s stake to approximately $3.8 billion.
Trump, who is poised to begin his second non-consecutive term as president on January 20th, previously made similar transfers to the same revocable trust before his first inauguration in 2017. These transfers involved real estate holdings, assets, and liabilities, as outlined by his then-accounting firm, Mazars.
Trump Media’s stock has often been seen as a reflection of Trump’s political standing since the company’s public debut in March, with its price reacting to news about him. Notably, the DJT share price has responded sharply to key events in recent months, such as Trump’s campaign announcements, legal battles, and his election victory.
While Truth Social, a platform operated by Trump Media, remains Trump’s primary online platform, he does not hold an executive position with the parent company. However, he has nominated two board members to high-level positions in his incoming administration: Kash Patel for the FBI and Linda McMahon for the secretary of education. Additionally, Trump Media CEO Devin Nunes, a former California congressman, has been chosen to lead the President’s Intelligence Advisory Board.
It’s clear that Trump’s ties to Trump Media remain strong as he prepares for his next term as president.
