Trump’s wealth dented after Democrats trounce Republicans in midterms

Trump Media stock and WLFI coin saw declines but he is still $2.7bn wealthier than when he won election in 2024

Donald Trump’s wealth is falling along with his political fortunes.

Tradable investment assets that helped make the president more than $2bn during his first year in office are collapsing in value the day after the Democrats trounced the Republicans in the midterm elections. Trump Media and Technology Group stock, which trades on the Nasdaq exchange, was priced at just over $5 on Wednesday morning – its lowest mark ever, and down from an all-time high of $101. It lost 11% overnight, dropping from $5.90 once the election returns started coming in. Trump has reported he owns 114m shares of DJT.

Continue reading...