Unusual Whales

Kamala Harris and her husband maintain a largely low-risk portfolio of assets, including passive investments and cash

Unusual Whales -

Former President Donald Trump’s net worth increased by nearly $900 million on Monday as shares of Trump Media & Technology Group surged during intraday trading. This marks the company's largest single-day gain since going public in March, despite a recent drop in the value of his stake in the social media firm by more than $1 billion this month, due to volatile stock movements.

KEY FACTS

  • Shares of Trump Media & Technology Group, which owns the social media platform Truth Social, rose by over 27% to $35.23 as of around 1:45 p.m. on Friday afternoon.
  • The previous largest daily gain for Trump Media occurred on April 18, when the stock jumped nearly 26%.
  • The value of Trump’s approximately 65% stake in the company, comprising 114.75 million shares, increased to over $4 billion from $3.1 billion when the market closed Friday afternoon.
  • However, his stake in the company has lost about $1.6 billion in value this month, with Trump Media’s share price opening at just over $49 on June 3.