President-elect’s net worth, tied to the value of TMTG shares, fluctuated heavily during 2024. President-elect Donald Trump’s net worth ballooned from $2.5 billion to $6.1 billion during a year marred by legal struggles and assassination attempts. Trump’s majority stake in his social media company, Trump Media & Technology Group Corp (TMTG) the parent company of Truth Social, was the main driver of this growth.
Trump’s net worth rose quickly from $2.3 billion to $6.4 billion just a day after the parent company of Truth Social went public, after his legal struggles pushed down his net worth between the beginning of the year and March. Shares in the company rose after the merger between Digital World Acquisition Corp, a special purpose acquisition company, and TMTG. After the company had been publicly traded for two days, Trump’s net worth reached $7 billion.
On April 16, Trump’s net worth hit one of its lowest levels of the year, when the share price of TMTG decreased for several days. But, by the end of the month, the share price was on the rise again, with Trump increasing his stake in the company and his net worth reaching $7.6 billion.
Trump’s net worth reached its highest point of all time — $8.1 billion — in early May. It stayed above $5 billion for the duration of the month, reaching $8 billion once more on May 14, when a jury found Trump liable for the sexual abuse of writer E Jean Carroll, handing her $5 million in damages. Days before, adult actor Stormy Daniels took the stand in the hush money trial which led to 34 convictions for Trump for falsifying business records. The day after his conviction in late May, Trump’s net worth decreased by $300 million to $7.5 billion.
