Mr. Trump transferred the broadcasting company stocks he owned to his own trust, worth over $4 billion.
December 21, 2024, 3:57 AM GMT+9
President-elect Trump transferred his shares in Trump Media and Technology Group (TMTG), of which he is a shareholder, to a revocable trust, as revealed in documents submitted to the authorities.
According to the documents, Mr. Trump transferred 114.75 million shares, equivalent to 53% of the company's issued shares, with a value of over $4 billion based on the closing price on the 19th.
The sole beneficiary of the trust is Mr. Trump, who will receive everything.
In trading on the morning of the 20th, there was a temporary decline of about 4%.
In November, Mr. Trump had stated that he had no intention of selling TMTG shares.
According to the documents, Mr. Trump transferred 114.75 million shares, equivalent to 53% of the company's issued shares, with a value of over $4 billion based on the closing price on the 19th.
The sole beneficiary of the trust is Mr. Trump, who will receive everything.
In trading on the morning of the 20th, there was a temporary decline of about 4%.
In November, Mr. Trump had stated that he had no intention of selling TMTG shares.
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