Trump moves his entire $4 billion stake in Truth Social into his trust ahead of White House move
The IndependentSign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump has transferred all 114.75 million of his shares in the parent company that runs his Truth Social platform into a revocable trust before he returns to the White House. Donald Trump has transferred all of his shares of the company that runs Truth Social into a trust overseen by his son Donald Trump Jr But the former president — whose Trust came under scrutiny in a years-long investigation into fraud within the Trump Organization — has spent the years since he left office engaging in new deals across his real estate and branding interests, from opening a new golf course to promoting Bibles and guitars and investing in cryptocurrency. “Without a clear plan, the American public is left in the dark about how Trump — a wealthy businessman with a real estate empire and ties to numerous industries — will navigate the potential conflicts of interest that may arise in his second term,” according to the Campaign Legal Center. Trump has also nominated several Truth Social board chairs to his administration, including professional wrestling mogul Linda McMahon as Secretary of Education, and conspiracy theorist Kash Patel as the next director of the FBI.