In the final days before the November 5 election, shares of Trump Media & Technology Group Corp (Nasdaq: DJT) - the company that operates the social network Truth Social founded by Donald Trump - fell sharply, losing a total of nearly 44%. DJT's stock price fell from over $54 on October 29 to $30.56/share at 8:40 p.m. on November 4 (Vietnam time).

DJT's total capitalization also fell sharply, to $6.1 billion, from $10.8 billion.

Mr. Trump owns 65% of Trump Media shares, so the former US president's personal assets, according to DJT alone, have evaporated by more than 3 billion USD, from more than 7 billion USD to less than 4 billion USD.

However, Mr. Trump has many other assets, including the Trump Organization, which, according to documents released during the election campaign, is made up of more than 500 different companies.

Mr. Trump's assets were built up over nearly half a century, including a series of real estate projects throughout Manhattan - the economic and commercial center of the United States. That is Trump Tower at 721-725 Fifth Avenue, or Trump World Tower, dozens of golf courses, hotels and many apartment buildings...

TrumpMelia TDView.gif
Trump Media shares fluctuate wildly. Source: TDV

According to Forbes, as of November 4, Mr. Trump had total assets of 5.6 billion USD, ranking 591st in the list of the richest people in the world .

Mr. Trump's fortune has fluctuated recently, following the capitalization of Trump Media & Technology Group Corp., which has risen to nearly $10 billion based on the high of DJT's stock price late last month.

But Mr. Trump's fortune could plummet along with the decline in Trump Media & Technology Group shares if he fails to win the presidency.

Trump Media Stocks Reflect US Presidential Election Expectations

Trump Media is a business owned by Donald Trump. DJT was founded in 2021 and operates the social network Truth Social, which Trump founded earlier. DJT shares were worth nearly $100 in February 2022.

Trump Media shares have been viewed as a barometer of Donald Trump’s prospects, reflecting investor expectations for the outcome of the US presidential election. The stock has been volatile over the past few months.

Before plummeting nearly 44% in the past 5 sessions, DJT had increased more than 4 times, from a price of more than 12 USD in the last week of September to over 54 USD/share at the end of October.

TrumpTruthSocial Investopia.gif
Trump Media is a business owned by Donald Trump. DJT was founded in 2021 and operates the social network Truth Social, which Trump founded earlier. Photo: Investopia

Trump Media shares surged after positive signals for Mr. Trump in the context of billionaire Elon Musk's strong support for the former White House owner in the 2017-2020 period. The social network Truth Social is expected to grow strongly if Mr. Trump wins the election. Because this billionaire once ignored traditional media, instead using social networks Twitter (now X) and Facebook when he was president.

During his "first term", Mr. Trump used Twitter (X) with 88 million followers to post information from foreign policy, announcements, and important government policies.

Truth Social is expected to see explosive growth if Mr. Trump enters the White House for a second time. At its late October price, DJT had a market capitalization even higher than Elon Musk's social network X.

Mr. Trump's business activities and assets have fluctuated according to the billionaire's political path.

During his campaign, his controversial policies and comments negatively affected the Trump brand, and the number of visitors to Trump Organization resorts also decreased.

In recent years, Trump Tower has been associated with federal investigations targeting Mr. Trump and protests supporting/protesting Mr. Trump when the former US president was under criminal investigation. Recently, Mr. Trump's assets have continuously fluctuated according to the developments of the race to the White House, from assassination attempts to support rates according to surveys...

A few days before the November 5 election, some polls show that US Vice President Kamala Harris has a slightly higher chance of winning than Mr. Trump. Investors are waiting for the final results.

In the second quarter of 2024, DJT announced a loss with low revenue, less than 1 million USD. Facebook and X have hundreds of times more users than Mr. Trump's Truth Social.

Elon Musk, who is supporting Donald Trump, is worried about his $247 billion fortune? Elon Musk suddenly switched to supporting Donald Trump after the former US president was assassinated. Once very worried that Tesla would be at a disadvantage if Trump won the election, so what is Elon Musk worried about about his fortune that he no longer supports the Democratic Party?