How much are Truth Social's executives making after Trump Media lost millions?
With share prices falling, key players at Trump Media & Technology Group will still stand to have good payday
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With share prices falling, key players at Trump Media & Technology Group will still stand to have good payday
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. The company's share price is high relative to its revenue.
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. The company’s share price is high relative to its revenue.
Former president Donald Trump’s social media company generated just $4 million in revenue last year - about as much as the average McDonald’s franchise in the United States, according to a report last year by the fast-food industry publication QSR. But that hasn’t stopped Trump Media & Technology Group, which runs Truth Social, from granting Trump a share package now worth billions of dollars - or from paying its leaders millions of dollars in salaries, bonuses and stock, according to documents
The biggest beneficiary is Trump, the company's largest shareholder, whose stake is worth more than $5 billion, on paper. No other shareholder comes close, according to regulatory filings, but many of Trump Media's executives have seen their net worth swell this week, in some cases by many millions of dollars.