Donald Trump Transfers $4 Billion Stake in Trump Media to Revocable Trust

The president-elect moved his shares to a trust controlled by Donald Trump Jr., raising questions about potential conflicts of interest.

Donald Trump transferred 114.75 million shares, representing 53% of Trump Media & Technology Group, to the Donald J. Trump Revocable Trust this week.
The trust lists Trump as the sole beneficiary, with Donald Trump Jr. as the sole trustee, holding full voting and investment authority over the shares.
The stock transfer, valued at over $4 billion, was made without monetary compensation and maintains Trump's indirect ownership of the shares.
The move has drawn scrutiny from ethics groups over potential conflicts of interest as Trump prepares to assume office for a second term in January 2025.
Trump Media, which owns the Truth Social platform, has struggled financially with minimal revenue and significant losses, despite volatile stock performance tied to Trump's political fortunes.