Former US President Donald Trump is set to receive a windfall of $1.3 billion in stock bonuses from Truth Social’s parent company, Trump Media & Technology Group (TMTG). This substantial payout represents nearly half of Trump’s current stake in the company and brings his total shareholding to a staggering $4.1 billion. The award is a reflection of TMTG’s recent share price surge, which has resulted in a significant increase in Trump’s wealth.
Former President Donald Trump stands to receive an additional 36 million shares of his social media company, Truth Social, worth approximately $1.2 billion. This bonus, known as an earnout, was triggered by Truth Social parent company, Trump Media & Technology Group (TMTG), meeting a performance threshold of trading above $17.50 for 20 trading days. Trump now holds a majority stake of 115 million shares, equivalent to 65% of the company and valued at over $4 billion. However, access to these funds may be limited by a lock-up period of 150 days following the company’s public listing, unless an exemption is granted by the board.
