External investors in Trump Media lost over $2.2 billion, while Trump's stake was worth $460 million.

External investors in Trump Media & Technology Group have collectively lost more than $2.2 billion. The company's general counsel, Scott Glabe, disputed the calculation method, which Reuters reported was reviewed by three finance professors. US President Trump's 114.75 million shares of Trump Media stock are worth approximately $460 million, and the book value of this holding once exceeded $600 million. Trump Media's annual revenue over the past three years was approximately $4 million. Its Truth Social streaming service, launched in August 2024, generated only about $630,000 in revenue by the end of June 2026, and the company is facing pressure from losses on its cryptocurrency investments. (Source: Reuters)