Mr Trump was awarded the shares based on the company’s stock hitting certain price benchmarks.
Former US president Donald Trump has secured an additional 1.8 billion dollars worth of shares in Trump Media, according to a regulatory filing this week.
That brings his total ownership to more than 114 million shares, which based on Wednesday’s closing stock price, are worth about 5.2 billion dollars . Mr Trump, the presumptive Republican presidential nominee, now owns close to two-thirds of the company’s outstanding shares. On March 26, the first day of trading after Trump Media closed the merger with Digital World Acquisition, shares in the newly combined company reached nearly 80 dollars each in intraday trading before closing at 57.99 dollars .
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