Former President Donald Trump could pocket more than $1 billion in paper wealth by the end of the day Tuesday. Trump stands to earn 36 million earnout shares of Trump Media & Technology Group if its dollar volume-weighted average price — the average share price for a period of time, weighted by volume of shares — is at least $12.50 for a minimum of 20 trading days within any 30 trading day period, according to a Securities and Exchange Commission filing last week.
Trump Media stock closed at $36.38 per share on Friday, bringing the potential value of the earnout shares to $1.3 billion. Trump owned 78.75 million, or approximately 57.6%, of the outstanding shares of Trump Media when it debuted on the public markets. Trump Media closed out last week with a market capitalization of $4.97 billion. The stock was down 1.8% in Monday morning trading, to $35.73 per share. In its first trading week, Trump Media stock hit a high of $79.