New York Times: “From the moment Trump Media was founded in 2021, Mr. Trump has treated it as a low-cost, low-effort venture. While he once served as chief executive and owns nearly 65 percent of the company, he has been only marginally involved in its day-to-day operations, mostly posting on Truth Social and delegating the business to others. At times, he considered working on competing ventures.”
“Mr. Trump now finds himself in a strange position, with his financial future hinging on an endeavor that he sometimes seemed indifferent toward. Trump Media’s Wall Street debut in March turned Mr. Trump’s stake into a more than $5 billion bonanza. It has tripled his net worth, providing a potential monetary lifeline as he runs for president and grapples with steep legal bills tied to the civil and criminal cases against him.”
“Yet his newfound fortune is precarious.”
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