Breaking 19:00 Kheng Grou dam in Figuig nears completion with 2026 delivery target 18:22 Trump puts US intelligence chief in charge of AI strategy as Washington prioritizes coordination over regulation 18:00 Laayoune viaduct reaches 56% completion as Morocco advances major road project 17:39 Mali-Maroc: Morocco reshapes starting XI for Tanger friendly without Hakimi 17:30 Tangier arrest: Morocco detains French-Algerian suspect wanted by Interpol 17:00 Agadir prepares to revive paid parking amid growing public opposition 16:56 UN outlines transition framework as Western Sahara talks move toward autonomy negotiations 16:30 Tebboune softens Sahara rhetoric as UN diplomacy enters a decisive phase 16:15 PAM faces difficult alliance talks after legislative election victory 16:00 Morocco’s Sahara autonomy plan faces a decisive October at the UN Security Council 15:45 Switzerland glaciers lose nearly 20% of their volume in just five years 15:30 Morocco sets five priorities for public finance reform through 2032 15:15 Formula 1: Verstappen secures first win of the season in rain-hit Bahrain Grand Prix 15:00 Moroccan cinema takes center stage at Cotonou’s 2026 film and digital meetings 14:45 PPS to let central committee decide on participation in Morocco’s next government 14:30 Washington weighs trilateral talks with Russia and Ukraine by late October 14:00 Moroccan freediver Oulfa Chellaï sets new national record at 71 metres 13:32 France student protests: police face scrutiny over alleged excessive use of force 13:00 Morocco’s regional project agencies more than double investment capacity since 2021 12:40 12 Sebou basin dams assessed for Morocco's floating solar expansion 12:20 France: Teenager referred to judge over violent attack during Marseille student protests 12:05 OpenAI faces renewed scrutiny over AI safety culture and risk management 11:50 Morocco’s students strengthen their position in France’s higher education system 11:35 Luxury cars in Morocco put the spotlight on the origin of funds 11:20 Mohamed Ouzzine tasked with negotiating Popular Movement’s role in Morocco’s next government 11:05 Spain housing protests tense as far-right activists confront Madrid encampment 11:01 Ceuta Evacuates Migrant Camp on Beach Ahead of Spanish Royal Couple's Visit 10:50 Moroccan tourists report prolonged airport delays and entry restrictions in Tunisia 10:35 Morocco U20 seal AFCON qualification with decisive win over Egypt 10:24 A 16,000-Foot Plunge in 30 Seconds: What the Simulation Reveals About Flight FZ1073 Incident 10:11 Nearly 1,500 Burmese Nationals Sent Back from Malaysia 09:53 Medical Plane Missing in the United States: Debris Found Off Massachusetts 09:45 Morocco ranks third worldwide for Russian pharmaceutical product certifications 09:30 Wydad Casablanca ends losing run with victory over Difaâ El Jadida 09:28 West Bank: Israeli Soldiers Accused of Facilitating Settlers' Access to Palestinian Olive Groves 09:19 Two Iranian Diplomats Expelled from the United States After Refusing to Leave 09:15 Oil surge tests Morocco’s economy as energy bill jumps 29.1% 09:15 Raja Casablanca edge Renaissance Zemamra 1-0 to claim Botola victory 09:03 Peru: Fire Threatens Access to Machu Picchu and Claims One Life 09:00 Marrakech Airshow 2026: Lockheed Martin opens new industrial opportunities for Morocco 08:55 Ethiopia: Government Forces Retake Mekele from Rebel Alliance 08:51 Norway: Two Dead and One Seriously Injured in Hunting Incident, Suspect Arrested 08:46 In India, Traditional Theaters Fade Away as Multiplexes Rise 08:42 Revolut Emerges as a New Rival to Major European Banks 08:37 Floods in Catalonia: two dead and one missing 08:36 A tanker hit by an unidentified projectile in the Strait of Hormuz 08:36 Donald Trump announces a $90 payment for Medicare beneficiaries 08:25 Morocco healthcare: 73% of citizens worried about access and medical costs 08:09 GTA VI Could Break Video Game Revenue Records 08:07 Amine Harit selected by OM for the Europa League 08:05 A Flaw in Chinese Kimi Models Raises Concerns About AI Security 22:00 Bayer commits $2.2 billion to new pharmaceutical plant in Ohio 21:00 Morocco elections 2026: electoral complaints fall by more than 60 percent 20:15 Belgium rejects Fouad Belkacem’s asylum bid, clearing a legal path toward Morocco 20:00 Hanane Kawalina reconnects with Amazigh heritage through the living tradition of Ahwach

Trump Transfers Stake in Trump Media to Revocable Trust

Friday 20 December 2024 - 11:36
Trump Transfers Stake in Trump Media to Revocable Trust

In a recent filing with the Securities and Exchange Commission (SEC), it was revealed that President-elect Donald Trump has transferred his entire stake of 114,750,000 shares in Trump Media to his revocable trust. This move, which took place on Tuesday, has no immediate financial compensation for Trump, as the shares were gifted to the Donald J. Trump Revocable Trust, of which he remains the sole beneficiary.

Despite transferring the shares, Trump retains indirect ownership of the stock through the trust. The trust’s sole trustee is his son, Donald Trump Jr., who holds the exclusive power to vote and manage the securities within the entity. This transfer is valued at over $4 billion based on Trump Media’s trading price of $35.41 per share.

Trump, who is set to be sworn in for a second term as president on January 20, had previously been the largest individual shareholder in Trump Media. His stake represented nearly 53% of the company’s outstanding shares. Trump Media is known for its Truth Social app, and the company began public trading earlier this year after merging with Digital World Acquisition Corp.

This move is not new for Trump, who had made similar transfers to his revocable trust before his first inauguration in 2017. These transfers included various real estate holdings, assets, and liabilities, and were done through his accounting firm, Mazars. In 2016, Trump also transferred assets to the trust during his presidential campaign.

Although Trump has not held an executive position in Trump Media, he has nominated key figures associated with the company to significant roles in his administration. Notably, Linda McMahon, former pro-wrestling mogul, was nominated for education secretary, while Kash Patel, a former White House official, was tapped for FBI director. Trump also appointed Trump Media’s CEO, Devin Nunes, to chair the President’s Intelligence Advisory Board.

This latest share transfer underscores Trump’s continued influence over Trump Media while adhering to the structure of his revocable trust, which allows him to maintain control over his assets indirectly.

Keywords:



Latest News
  • Fajr
  • Sunrise
  • Dhuhr
  • Asr
  • Maghrib
  • Isha

Newsletter

Subscribe now to the Walaw website newsletter to receive all the latest updates

Email address

Read more

Trump puts US intelligence chief in charge of AI strategy as Washington prioritizes coordination over regulation Technology Trump puts US intelligence chief in charge of AI strategy as Washington prioritizes coordination over regulation
Bayer commits $2.2 billion to new pharmaceutical plant in Ohio Economy Bayer commits $2.2 billion to new pharmaceutical plant in Ohio
G7 agrees to release 100 million barrels as energy markets face renewed pressure Economy G7 agrees to release 100 million barrels as energy markets face renewed pressure
Trump threatens to double South Korea’s bill over Alaska LNG project Politics Trump threatens to double South Korea’s bill over Alaska LNG project

This website, walaw.press, uses cookies to provide you with a good browsing experience and to continuously improve our services. By continuing to browse this site, you agree to the use of these cookies.