Trump Media stock nosedives, erasing $5B from Trump family wealth
Trump Media & Technology Group (DJT) shares just crashed to an all-time low—down nearly 70% this year—wiping out over $5 billion from the Trump family's fortune.
The biggest hit is to a trust holding about 115 million shares, controlled by Don Trump Jr.
Why does this matter?
The Trump family's holdings in DJT have plunged from nearly $6.5 billion last year, showing just how risky high-profile stocks can be.
This kind of drop isn't just about one company—it's a reminder that betting big on volatile assets (like crypto or meme stocks) can backfire fast.
What's behind the fall?
The crash followed DJT's massive $2 billion Bitcoin buy in August and a recent crypto slump—Bitcoin briefly dipped below $90,000 this week.
With investors ditching risky bets and interest-rate cuts looking unlikely soon, both digital coins and related stocks are taking a hit.