President-elect Donald Trump transferred his entire stake of 114,750,000 shares in Trump Media to a revocable trust, of which he is the sole beneficiary, making the value of the shares over $4 billion. The shares were transferred without monetary compensation, and Trump’s son, Donald Trump Jr., serves as the trustee with full voting and investment power. Trump Media, which operates the Truth Social app, reported a quarterly revenue of just $1.01 million with a net loss of $19.2 million, despite a market capitalization exceeding $7 billion. Trump has previously employed similar transfer methods for his assets.
