Trump Moves $4 Billion of Media Firm Stake Into Trust Run by Son
- President-elect was the largest holder in Trump Media
- Move is similar to approach taken during Trump’s first term
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President-elect Donald Trump transfered about $4 billion worth of shares in his media company to a trust that is controlled by his eldest son, Donald Trump Jr.
The soon-to-be president, who was the largest Trump Media & Technology Group Corp. shareholder with nearly 115 million shares, will now directly own zero shares and be the trust’s sole beneficiary, according to a filing with the US Securities and Exchange Commission.