Massive fall: Donald Trump’s net worth plummets by $900m since Kamala Harris' entry
Donald Trump may win or lose the US Presidential Election 2024, as the voters will decide his political fate, but the billionaire businessman has started suffering economically. CNN has reported that the net worth of the Republican candidate has plummeted by an estimated $900m since Vice President Kamala Harris entered the presidential race and became the presumptive Democrat nominee last month. It happened after the market value of Trump Media and Technology Group (TMTG), the parent company of his Twitter clone Truth Social came down by 23% from $4bn to about $3.1bn since July 21.
Donald Trump's firm suffer
According to CNN, TMTG stock slipped during the hush money trial, but it soon picked up after Joe Biden's disastrous performance in June 27 presidential debate when he could not counter Donald Trump, who dominated the debate. It soared again after the Republican nominee survived an assassination attempt.
Also Read: Could Mercury really have a hidden diamond layer? Explore the new findings
TMTG's value comes down
The other reason for the fall of TMTG value is that the number of its users has come down drastically. According to media analysis, Truth Social has suffered some of its worst-ever audience numbers as in June, it was left with just over 2.11m unique visitors, down 38% compared to its number in the same period last year.
Truth Social suffers
According to Howard Polskin of media monitoring firm TheRighting, the traffic on the site witnessed its second fall since June 2022, when Truth Social attracted
Read more on economictimes.indiatimes.com
