Trump can sell his 115 million shares on September 25th, everyone trying to get out before that happens.
Absolutely wild campaign finance workaround though. If he sells it all he’s still on track to get $1 billion or so. That’s his personal wealth, which can be contributed without limit to his campaign.
It’s insane to me that he could even cash out, who out there even thinks the stock is worth anything, especially when trump starts selling . With my lack of knowledge about the stock market it makes no sense there would be anything on the buying side.
If it goes down in value at the same rate as the last month or something, it’ll be ~$1 billion at the end of September. I forget the exact math but something like that.
Trump can sell his 115 million shares on September 25th, everyone trying to get out before that happens.
Absolutely wild campaign finance workaround though. If he sells it all he’s still on track to get $1 billion or so. That’s his personal wealth, which can be contributed without limit to his campaign.
It’s insane to me that he could even cash out, who out there even thinks the stock is worth anything, especially when trump starts selling . With my lack of knowledge about the stock market it makes no sense there would be anything on the buying side.
It’s a way to donate money without donating money. Basically a money laundering scheme.
It is still about $2 billion at today’s price.
Good luck getting any of that for the campaign though. A billion of that goes to him. The rest goes to lawsuits.
If it goes down in value at the same rate as the last month or something, it’ll be ~$1 billion at the end of September. I forget the exact math but something like that.