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Donald Trump receives earnout bonus worth $1.8 billion in DJT stock
Former President Donald Trump is now $1.8 billion richer.
The boost to Trump’s wealth comes thanks to his newly public company, Trump Media & Technology Group, whose main asset is the social media platform Truth Social. The company awarded Trump an additional 36 million shares as an “earnout” bonus for the stock staying above $17.50 a share for any 20 trading days within a 30-trading day period, according to a Tuesday regulatory filing.
With the stock bonus, Trump now controls 114.75 million shares of Trump Media, which trades under the ticker DJT — the same as his initials. Based on today’s closing price for the company, that values his entire stake at $5.7 billion.
Trump’s total net worth is about $8 billion, according to Bloomberg Billionaires Index, which says that the bulk of his fortune is now tied up in DJT shares.
The value of Trump’s stake in DJT was juiced by a recent surge in the stock’s value. Since going public in late March, Trump Media has been on a bumpy road, with the stock initially surging to a peak of $79.38 per share, followed by a weekslong slide that spurred CEO Devin Nunes to accuse some investors of manipulating the stock through an illegal type of short selling.
But since last Monday, the stock has surged 43%, regaining some of that lost ground. Shares on Tuesday rose $3.24, or 7%, to $49.93.
Still, Trump won’t be able to cash out on his new fortune anytime soon. That’s because of a so-called lockup period that restricts him and other Trump Media executives from selling their shares for another five months. Lockups are common with newly listed companies because they keep insiders from selling their stakes shortly after a company goes public, which could cause a stock to sink in value.
The additional stock grant means that Trump now owns about 65% of Trump Media & Technology Group, a company that’s in the red and that booked just $4.1 million in revenue last year.
But many of Trump Media’s shareholders are small investors who support the former president, with Nunes telling Fox Business that the company has roughly 600,000 retail investors. On Truth Social, some of them celebrated Trump’s new ownership stake, predicting that it could put pressure on short-sellers, who are traders that bet a stock will decline in value.
“Prezz and co just played them like a fiddle,” one supporter wrote on Truth, with a screenshot of an alert about the earnout.
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How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
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The Minnesota Vikings will take on the Chicago Bears today. The Vikings are currently 8-2, an impressive run so far this season, and will be looking to add a fourth win to their current streak after last Sunday’s 23-13 win against the Tennessee Titans. The Bears, on the other hand, are entering this game on the heels of a four-game losing streak after a tough 20-19 loss against the Green Bay Packers last Sunday.
Here’s how and when you can watch the Vikings vs. Bears game today, whether or not you have cable.
How and when to watch the Minnesota Vikings vs. Chicago Bears
The Vikings vs. Bears game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Minnesota Vikings vs. Chicago Bears game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Fubo offers you an easy, user-friendly way to watch NFL games on CBS, Fox, NBC, ABC, ESPN, and NFL Network, plus NCAA football channels. The Pro tier includes 200+ channels and unlimited DVR, while the Elite with Sports Plus tier adds NFL RedZone and 4K resolution. New subscribers get a seven-day free trial and all plans allow streaming on up to 10 screens simultaneously.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.