Trump's wealth decreased by almost $1 billion after Harris' activity.

Large business owner Donald Trump lost a significant amount of money due to the emergence of a strong competitor in the presidential elections. According to CNN, the price of Trump Media shares dropped by $900 million.

After U.S. Vice President Kamala Harris announced her candidacy, Trump's stake in Truth Social plummeted. During Harris' statement, the price of Trump Media shares fell by about 23%. According to stock market data, Trump's share valuation in the media company decreased from $4 billion to $3.1 billion.

Experts assert that such fluctuations in Truth Social share prices are normal for Trump's media asset, as his strategy is predominantly based on emotional topics rather than a sustainable approach. Even after the significant decline, the market valuation of Trump Media remains high at $5.9 billion. However, there are critics who believe that this valuation is overestimated, as the business has a low level of profitability and its social networks have limited reach.

Source: ZN.UA