Former US President Donald Trump is no longer on the list of The 500 biggest billionaires in the world, after the shares in his company Trump Media & Technology Group, which owns the social network Truth Social, fell by almost half, the newspaper USA Today reported.
According to the publication, the value of Truth Social's stock has fallen by almost 50% since late March, when the company merged with another Trump venture, Digital World Acquisition Corp. and began trading on the stock exchange under the ticker DJT. Thus, the assets of the former US president, who owns a 60% stake in the company, decrease from approximately USD 6 billion to USD 3 billion.
As the publication notes, now Trump occupies only the 652nd place in the list of the richest people in the world, which ag. Bloomberg updates daily.