Trump family wealth evaporates by over $5 billion due to DJT stock price plunge
Jinse Finance reported that Trump Media & Technology Group, the crypto and social media company controlled by the Trump family, saw its stock price plunge to a historic low amid the ongoing decline in cryptocurrencies—causing the Trump family's wealth to evaporate by more than $5 billion. President Trump indirectly holds about 115 million shares of the company. The company's stock has fallen nearly 70% so far this year, with 34.6% of the drop occurring in the past month. In early trading on Wednesday, the stock price fell about 1% to $10.76, after hitting an intraday low of $10.32 the previous day—the lowest level since autumn 2021.
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