Donald Trump's Wealth and Meme Stock Decline

SOURCE dnyuz.com
Donald Trump has fallen out of the world's 500 wealthiest people list as the value of his meme stock nosedived, leading to a significant decline in his net worth.

Key Points

  • Donald Trump's net worth has dropped below the required amount to be on the Bloomberg Billionaires Index.
  • The decline in Trump's wealth is attributed to the nosedive of his meme stock, Trump Media & Technology Group (TMTG).
  • TMTG shares plummeted by 53% in two weeks, reducing the value of Trump's stake by $3.3 billion.
  • The company's market capitalization dropped significantly despite an initial surge in value.
  • Trump faces financial challenges including a $454 million fraud judgment and a $175 million bond demand.
  • Trump's net worth now ranks him 659th in the world according to Forbes' rich list.