Trump Loses $168 Million in a Day as DJT Stock Crashes After Midterm Rout: Peter Schiff Says Investors Ar

Donald Trump’s estimated net worth fell by $168 million on Wednesday after Trump Media & Technology Group (NASDAQ:DJT) stock plunged. Shares dropped 24.54% to close at $4.49, just above the 52-week low of $4.46, following midterm election results in which Democrats won sweeping control of Congress. Forbes estimates Trump’s wealth at $6.4 billion, with much tied to real estate. The drop mainly reflects his majority stake in Trump Media held via the Donald J. Trump Revocable Trust, which includes about 114.75 million DJT shares (roughly 41% of outstanding stock). At the Nov. 3 close of $5.95, that stake was worth about $683 million; after Wednesday’s selloff, it fell to roughly $515 million. The day’s market rally came as the Dow posted its biggest post-midterm gain in 44 years.