Forbes: Trump lost $1.1 billion in wealth due to the decline in shares of his family business

Евгения Комарова In the world
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According to information from Forbes, Trump's net worth has decreased from $7.3 billion to $6.2 billion. The main reason for this decline is the drop in the stock value of Trump Media and Technology Group (TMTG), which manages the social network Truth Social and crypto assets. After his election victory, Trump transferred management of his stake in the company to his younger son Donald Trump, but retained the status of beneficiary.

Previously, TMTG reported losses of $54.8 million, which were also caused by the decline in the prices of Bitcoin and other cryptocurrencies.

Additionally, it became known that this fall, Trump invested at least $82 million in municipal and corporate bonds. Among the new assets were securities from companies such as Netflix Inc., UnitedHealth Group Inc., Boeing Co., Meta Platforms Inc., Home Depot Inc., Broadcom Inc., and Intel Corp., shares of which the U.S. government acquired during his presidency.

He also made purchases of municipal bonds issued by American cities, school districts, utility companies, and medical institutions.
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