AI summary
Trump’s personal wealth is declining alongside his political losses, as his media stock and crypto assets fell sharply following the Democrats’ midterm victory.
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Trump’s wealth dented after Democrats trounce Republicans in midterms
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Trump Media stock and WLFI coin saw declines but he is still $2.7bn wealthier than when he won election in 2024Trump’s wealth is falling along with his political fortunes.Tradeable investment assets that helped make Donald Trump over $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 five dollars Tuesday 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...
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