Truth Social is owned by Trump Media & Technology Group Corp., a Florida-based public company that trades on Nasdaq under the ticker DJT. The Donald J. Trump Revocable Trust held 114,750,000 shares, roughly 41%, as of April 28, 2026. Trump Media closed at $8.51 on August 20, 2026, a market value near $2.4 billion.
Truth Social ownership at a glance
| Detail | Information |
|---|---|
| Ownership type | Product of a publicly traded company |
| Parent company | Trump Media & Technology Group Corp. |
| Largest shareholders | Donald J. Trump Revocable Trust (41%), Vanguard (5.7%), BlackRock (3.0%) |
| Market cap | About $2.4 billion (August 20, 2026) |
| Last major transaction | Digital World Acquisition merger, closed March 25, 2024 |
| Founded | TMTG in February 2021; Truth Social launched February 21, 2022 |
| Headquarters | Sarasota, Florida |
| CEO | Kevin J. McGurn, interim, since April 21, 2026 |
Who owns Truth Social today?
Truth Social has no shares, no cap table and no board of its own. Buying into it means buying stock in parent Trump Media & Technology Group, which also runs Truth+ and Truth.Fi.
Trump Media reported 276,953,828 shares outstanding as of April 28, 2026, up about 26% over the prior year. The Donald J. Trump Revocable Trust held 114,750,000 of them.
Donald Trump Jr. is listed as the beneficial owner of 114,787,498 shares, reflecting his role as trustee plus his own director awards. Directors and executive officers together control about 42% of the stock.
Institutional funds hold roughly 21%, and retail shareholders own most of the remainder.
Trump Media share ownership, April 2026
Who controls Trump Media, the company that owns Truth Social?
Trump Media lists one class of common stock, so voting power follows economic ownership rather than splitting from it.
President Trump is neither an officer nor a director. His shares sit in a revocable trust, and Donald Trump Jr. is the sole trustee with authority over how they are voted.
The board turned over in 2026. Robert Lighthizer resigned in March and Eric Swider in April, and Boris Epshteyn became chairman effective April 30, 2026.
He sits alongside Donald Trump Jr., David Bernhardt, W. Kyle Green, George Holding and Meredith O’Rourke. That concentration is far tighter than the diluted founder stakes at Databricks and other late-stage tech companies.
Trump Media’s funding and ownership history
Andy Litinsky and Wes Moss founded the company in February 2021. In October 2021, it announced a merger with Digital World Acquisition Corp., a blank-check company that had raised $300 million in its 2021 IPO.
Truth Social reached the Apple App Store on February 21, 2022. The company raised more than $15 million in bridge loans that year while the merger stalled amid SEC scrutiny.
The merger finally closed on March 25, 2024, and shares began trading as DJT the next day. In December 2024, Trump moved his stake into the revocable trust run by his eldest son.
Trump Media added a bitcoin treasury in 2025 and launched five Truth.Fi ETFs that December, ending the year with about $2.5 billion in financial assets. The company reported a $238.1 million second-quarter loss on under $2 million of revenue on August 10, 2026, with most of the loss coming from digital asset markdowns.
Who are the biggest investors in Truth Social’s parent company?
One holder dominates the register, and everyone else holds a small fraction by comparison.
- Donald J. Trump Revocable Trust: 114,750,000 shares, about 41%
- Vanguard Group: 15.86 million shares, 5.71%
- BlackRock: 8.25 million shares, 2.98%
- Yorkville Advisors Global: 7.28 million shares, 2.63%
- Citadel, Susquehanna, Geode Capital and State Street hold smaller positions
Vanguard and BlackRock hold their stakes through index funds tracking the Russell 1000, not through active picking.
Is Truth Social publicly traded?
Not on its own. Truth Social has no ticker, and the only way to own a piece of it is through DJT shares on Nasdaq and NYSE Texas.
Trump Media, TAE Technologies and Texas Ventures Acquisition III discussed spinning the platform into a separate listed company in February 2026, then dropped the plan on June 10, 2026. That leaves it inside the parent, unlike the private ownership structure at Perplexity AI, where no public stock exists at all.
What the TAE Technologies merger means for who owns Truth Social
Trump Media agreed in December 2025 to merge with TAE Technologies, a California fusion power developer, in an all-stock deal valued at roughly $6 billion. Shareholders of each company would hold about half of the combined business.
The companies reaffirmed a fourth-quarter 2026 target on June 10, 2026, and said the post-merger board will review options for the media assets. Truth Social would then sit inside a fusion energy company, a structure closer to Alphabet’s control of Waymo than to a standalone platform.
FAQ
Who founded Truth Social?
Andy Litinsky and Wes Moss founded parent company Trump Media & Technology Group in February 2021. Truth Social launched on iOS on February 21, 2022, under CEO Devin Nunes, who led the company until April 2026.
Does Elon Musk own any part of Truth Social?
No. Musk has no stake in Truth Social or Trump Media. He owns X, a competing platform, through xAI Holdings. The two companies have no ownership connection.
How much of Truth Social does Donald Trump own?
The Donald J. Trump Revocable Trust held 114,750,000 Trump Media shares as of April 28, 2026, about 41% of the company. Donald Trump Jr. is the sole trustee and controls voting decisions.
Who is the CEO of Truth Social?
Kevin J. McGurn has served as interim CEO of Trump Media since April 21, 2026, on a nine-month agreement. He replaced Devin Nunes and previously held senior roles at Hulu and Vevo.
Can you buy Truth Social stock directly?
No. Truth Social has no separate listing. Investors buy shares of parent Trump Media & Technology Group under the ticker DJT on Nasdaq and NYSE Texas.
