Donald Trump receives earnout bonus worth $1.8 billion in DJT stock

CBSN

Wednesday, May 01, 2024 12:34:48 AM UTC

Former President Donald Trump is now $1.8 billion richer.

The boost to Trump's wealth comes thanks to his newly public company, Trump Media & Technology Group, whose main asset is the social media platform Truth Social. The company awarded Trump an additional 36 million shares as an "earnout" bonus for the stock staying above $17.50 a share for any 20 trading days within a 30-trading day period, according to a Tuesday regulatory filing.

With the stock bonus, Trump now controls 114.75 million shares of Trump Media, which trades under the ticker DJT — the same as his initials. Based on today's closing price for the company, that values his entire stake at $5.7 billion.

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Donald Trump receives earnout bonus worth $1.8 billion in DJT stock

CBSN

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