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President-elect Donald Trump this week transferred his total stake of shares in Trump Media to a revocable belief of which he’s the only beneficiary, regulatory filings revealed Thursday night.
Trump didn’t obtain any cash for the present of his 114,750,000 shares of Trump Media to the Donald J. Trump Revocable Trust on Tuesday, in accordance with a submitting with the Securities and Exchange Commission.
Trump Media, which trades beneath the DJT ticker, closed at $35.41 per share Thursday, making the worth of the transferred inventory greater than $4 billion.
Trump had been the most important shareholder within the social media firm, which operates the Truth Social app.
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