Fact Check: "Trump holds more than 100,000 shares of Trump Media and Technology Group, which went public in 2024, and he is the largest shareholder with nearly 53% ownership."
What We Know
Former President Donald Trump is indeed the largest shareholder of Trump Media and Technology Group (TMTG), which went public in 2024. According to a regulatory filing, Trump holds approximately 115 million shares of TMTG, which constitutes about 53% of the company's outstanding shares. This ownership stake was confirmed by multiple sources, including Reuters and NBC News, which reported that Trump's shares are valued at several billion dollars.
In April 2024, it was reported that Trump was awarded an additional 36 million shares worth $1.6 billion after the company's stock hit certain price benchmarks, bringing his total share count to over 114 million (AP News). The company, which owns the social media platform Truth Social, has experienced significant fluctuations in its stock price since going public, but Trump's ownership percentage remains substantial.
Analysis
The claim that Trump holds more than 100,000 shares and is the largest shareholder with nearly 53% ownership is supported by credible sources. The SEC filing provides official documentation of Trump's share ownership, while news outlets like AP News and Reuters corroborate this information with detailed reports on the company's financial status and Trump's stake.
However, it is essential to consider the context of the company's financial performance. TMTG has faced challenges, including reported losses and fluctuating stock prices, which may impact the perceived value of Trump's holdings (Reuters). Despite these challenges, the core claim about Trump's share ownership is factual and well-supported.
The reliability of the sources is generally high, as they include official filings and reputable news organizations. The SEC filing is a primary source, while the news articles provide secondary confirmation and context. However, it is worth noting that some reports may carry inherent biases, particularly those from outlets with known political leanings.
Conclusion
Verdict: True
The claim that Donald Trump holds more than 100,000 shares of Trump Media and Technology Group and is the largest shareholder with nearly 53% ownership is accurate. The evidence from regulatory filings and reputable news sources confirms that Trump controls a significant majority of the company's shares, solidifying his position as the largest shareholder.
Sources
- Trump Media & Technology Group Corp.
- Trump awarded 36 million more Trump Media shares worth $1.6 billion ...
- Trump transfers his stake in Trump Media to revocable trust
- Major Trump Media shareholder sells nearly entire stake
- Trump Media Moves to Register the President's $2 Billion ...
- Trump Media & Technology Group
- Trump's financial disclosures reveal tens of millions in income from ...
- Qui est Massad Boulos, ce libanais conseiller de TRUMP
