Former President Donald Trump's net worth fell by about $475 million as shares of Trump Media & Technology Group continued their downward trend. 

Donald Trump's Net Worth Declines Due to Drop in Trump Media Shares

According to Forbes, the declining stock prices have slashed the value of his holdings in the social media company by over $2 billion this month. Trump Media, which owns the Truth Social platform, saw its stock price drop more than 13% to $27.17 on Thursday morning.

Donald Trump's majority stake in the company, roughly 65%, amounts to 114.75 million shares, which fell from $3.5 billion to $3.1 billion in value.

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Donald Trump's Net Worth

The company's stock has dipped approximately 43% from just over $49 at the beginning of the month, significantly impacting the former president's $5.6 billion stake, reducing it by about $2.4 billion.

Forbes now estimates Donald Trump's net worth at $5 billion, reflecting a nearly 8% decline on Thursday. 

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