Trump's assets reduce and fall below R$21 billion

Former US President Donald Trump's assets are below US$4 billion, equivalent to R$21.1 billion reais, this Wednesday (17). The amount represents a drop of US$ 280 million dollars (R$ 1.47 billion reais), justified by the devaluation of shares in the company “Truth Social”, defined as a social media platform similar to “X” (formerly Twitter). The information comes from the American magazine Forbes.

About Truth Social

The application, created by “Trump Media & Technology Group” (TMTG), was launched on February 21, 2022 and went public in March of the same year, after Donald Trump's profile was banned from social media due to some publications made before the invasion of the United States Capitol that took place in January 2021: the content published by the former president on the networks raised false statements and incited violence, causing turmoil against the North American Congress.

According to Forbes, Trump is facing legal problems, including the start of a trial in criminal court in New York City and earlier this month the payment of bail in the amount of US$ 175 million in dollars (equivalent to R$ 921 million real).

_{Donald Trump, former president of the United States (Reproduction: Instagram/@realdonaldtrump)}

In an article published by the American magazine on the subject, Forbes reported that since the beginning of trading, the shares of the former US president's company have plummeted by 61% and that although he is not yet authorized to convert his stake into cash for Because of federal regulations, the possibility that Trump will continue to lose money has not been discounted.

Asset devaluation

In chronological terms, Forbes magazine demonstrated in detail how the decline has been accentuated since March 26th of this year until last Tuesday (16th):

The former president's net worth rose with the Truth Social app's first day of trading as an independent stock: values ​​rose from US$2.3 billion to US$6.4 billion dollars (an increase equivalent to US$4, 1 billion dollars or R$21 billion reais), the increase in assets took place on March 26th.

On April 8, this amount was reduced to US$5 billion dollars, a very big difference for Trump Media, considering that the highest peak was just two weeks ago, considering assets of US$10 billion dollars ( R$ 52.6 billion reais).

This Tuesday (16), Donald Trump's fortune fell by more than US$200 million and Truth Social's shares fell by 11%, which represents a loss of 61% and reduces Trump's participation in social media to US$1.9 billion reais, approximately R$10 billion reais. A considerable difference for the former president, considering that half of his net worth is represented by his stake in the company.

Featured photo: Donald Trump, former president of the United States (Reproduction: Instagram/@realdonaldtrump)