Former President Donald Trump could receive a large windfall from his newly public media company, Trump Media & Technology Group.
Donald Trump is about to see his fortune grow by $1.3 billion. The former U.S. president is set to receive a so-called earnout bonus of 36 million shares in his newly public company, Trump Media & Technology Group, as part of an incentive that was created for the company's public market debut in March, according to a regulatory filing.
38 per share on its first trading day, March 26, followed by a weeks-long slide that spurred CEO Devin Nunes to accuse some investors of manipulating the stock through an illegal form of short selling.At its current price, Trump Media is worth about half of its peak value. Trump's small investor baseMany of Trump Media's shareholders are individual investors and supporters of the former president.
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