Trump’s wealth dented after Democrats trounce Republicans in midterms

<report>Trump’s wealth dented after Democrats trounce Republicans in midterms</report>

Following the Democrats' decisive victory in the 2024 midterm elections, Donald Trump's wealth has taken a hit as his various investments and assets have suffered declines. Trump Media and Technology Group stock, which trades on the Nasdaq exchange, saw its lowest mark ever, plunging 11% overnight and dropping from $5.90 to just over $5.

The asset, once valued at an all-time high of $101, is now down significantly. Trump reported owning 114 million shares of DJT, but the stock's decline has undoubtedly impacted his overall net worth. Despite this setback, Trump remains wealthier than when he assumed office in 2024, with an estimated net worth of $2.7 billion. The political fortunes of former President Trump appear to be waning in tandem with the financial performance of his investments.

Brief written by urgent.news from The Guardian US's own syndicated text. Machine-written — may contain errors; check the original before relying on it.