Trump Media & Technology Group Corp (NASDAQ: DJT) shares have surged nearly 49% from their lowest point in June, delivering a significant boost to President Donald Trump’s personal fortune.
According to Forbes, Trump’s net worth jumped by $600 million since DJT shares hit a 52-week low of $6.96 on June 26, with Forbes now estimating his total wealth at $6.5 billion.
The gain is primarily attributable to Trump’s majority ownership stake in Trump Media & Technology Group, currently held through his Donald J. Trump Revocable Trust.
The President’s eldest son, Donald Trump Jr., serves as trustee of the shares and controls their voting and investment decisions on behalf of the trust.
Since the company’s 2024 public listing, Trump’s stake has fallen from approximately 57% to 52% due to dilution and various corporate actions, though he remains the company’s largest shareholder.
Based on approximately 276.9 million shares of DJT outstanding, Trump’s stake represents around 144 million shares, worth roughly $1.49 billion at the current closing price of $10.38.
That compares to a value of approximately $1 billion as of June 26 when shares were trading at $6.96, representing a gain of nearly $492.5 million in shareholder value.
The stock’s recovery closely followed the July 17 launch of Truth API, a real-time data service giving financial and trading firms access to posts from major Truth Social accounts.
TMTG Interim CEO Kevin McGurn said Truth API will provide financial firms with real-time access to market-moving Truth Social posts, creating a new recurring revenue stream and adding shareholder value.
The company said Truth API delivers posts within milliseconds and is built specifically for high-frequency and algorithmic trading firms seeking real-time social media data.
Set to launch for institutional investors on August 1, the service is expected to cost between $60,000 and $100,000 a month, according to The Wall Street Journal.
The new product has drawn sharp criticism from prominent financial and political commentators who argue it creates an uneven playing field between institutional and retail investors.
Anthony Scaramucci criticized Truth API, alleging it gives hedge funds a trading advantage by providing faster access to Trump-related Truth Social posts, potentially disadvantaging retail investors.
Economist Peter Schiff went further, alleging the service lets institutional investors pay for faster access to Trump’s market-moving posts, calling it an exploitation of the presidency for personal financial gain.
Political commentator Ed Krassenstein called the launch “blatant Trump family corruption,” saying hedge funds and algorithmic traders could react before retail traders have a chance to respond.
