President-elect Donald J. Trump transferred his 115 million shares in Trump Media & Technology Group to a trust controlled by his eldest son without receiving any financial consideration.
Donald Trump Jr., who is on the Trump Media board, has sole voting and investment power over the trust's securities, while his father remains the beneficiary of the trust.
Despite losing money and earning only a few million dollars in revenue, Trump Media & Technology Group's market valuation elevates Mr. Trump's nearly 53% stake to about $4 billion.
Mr. Trump's transfer of assets to the trust echoes actions he took before he assumed the presidency, raising questions about the motives behind this latest maneuver.
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