Trump Media & Technology (DJT) has suffered a 75% stock decline since March 27, resulting in a $9.8 billion loss for investors. The entrance of Kamala Harris into the presidential race on July 21 further intensified the losses, with shares plummeting 54%, wiping out $3.7 billion more. Trump, the company’s largest shareholder, has lost $5.7 billion. Major investors like Vanguard and BlackRock have also faced significant losses, with Vanguard down $144 million and BlackRock losing $110 million. Investors are shifting as betting odds now favour Harris.
Who’s Taking the Hit?
As the largest shareholder, Donald Trump has faced the brunt of the losses, personally losing $5.7 billion from the stock’s peak. The remaining 41% of losses are borne by other investors, including United Atlantic Ventures, which is down $377 million.
Vanguard and BlackRock Get Hit, Too
Vanguard and BlackRock, both large fund companies, have also suffered. Vanguard’s 1.5% stake in Trump stock is now down $144 million, while BlackRock’s 1.1% holding is down $110 million.
‘Failing Nation?’
Despite the massive losses in Trump Media, the S&P 500 is up nearly 7%, starkly contrasting with Trump’s company’s fortunes.
So who’s failing?
Biggest Losers From Trump Media & Tech
| Owner | % outstanding owned | Loss from peak ($ millions) | Loss from Harris entrance ($ millions) |
|---|---|---|---|
| Donald Trump | 58.9% | -$5,754 | -$2,170 |
| United Atlantic Ventures | 3.8% | -377.3 | -142.3 |
| Patrick Orlando | 3.8% | -371.1 | -139.9 |
| Vanguard | 1.4% | -144.4 | -54.5 |
| BlackRock | 1.1% | -109.5 | -41.3 |
