By Marcus Lu
On March 26, 2024, Trump Media & Technology Group (Ticker: DJT) debuted on the Nasdaq exchange, climbing over 30% in its first two days of trading. This gave the company a valuation of $9.4 billion, greatly increasing Donald Trump’s net worth.
To put this increase into perspective, we’ve visualized the past 10 years of Trump’s wealth as measured by Forbes.
Trump’s Net Worth Jumps After Nasdaq Listing
The data we used to create this graphic can be found in the table below. As of April 1, 2024, Trump’s net worth was measured at $5.7 billion. Note that Forbes updates this value regularly.
| Year | Net Worth ($B) |
|---|---|
| 2014 | 3.9 |
| 2015 | 4.1 |
| 2016 | 4.5 |
| 2017 | 3.5 |
| 2018 | 3.1 |
| 2019 | 3.1 |
| 2020 | 2.1 |
| 2021 | 2.4 |
| 2022 | 3.0 |
| 2023 | 2.5 |
| 2024 (As of April 1) |
5.7 |
It’s safe to say that going forward, Trump’s net worth will be largely influenced by the value of his stake in Trump Media & Technology Group (TMTG). SEC filings have revealed that the former president has a stake of at least 58.1% in the company.
What is Trump Media & Technology Group?
TMTG is a media company founded in 2021 by Trump, debuting on the Nasdaq as a public company after merging with Digital World Acquisition Corp, a special-purpose acquisition company (SPAC).
Also known as “blank check companies”, SPACs are shell corporations listed on a stock exchange that acquire a private company with the purpose of making it public (without going through an IPO).
TMTG released its X (formerly Twitter) competitor, Truth Social, in Feb 2022. According to estimates from SimilarWeb, the platform had around 5 million monthly users as of Feb 2024.
DJT Slips After Reporting Weak Financials
After its hot debut on the Nasdaq, DJT shares have stumbled, falling by more than 20% on April 1. This is due to recent disclosures which revealed that the company lost over $58 million in 2023.
Revenue in 2023 was $4.1 million, which is higher than the $1.5 million generated in 2022.
