Trump Media’s Stock Price Soars, Adding $2 Billion to Trump’s Stake

Over the past few weeks, former President Donald J. Trump has become a lot richer, and so have shareholders in the social media company that bears his name.

Shares of Trump Media & Technology have nearly tripled in value since bottoming out in late September, a week after a rule expired that prevented some early investors, including Mr. Trump, from selling tens of millions of shares.

The stock of the parent company of Truth Social jumped about 10 percent on Tuesday, on top of Monday’s 18 percent gain.

Over the past few weeks, the surge has added about $2 billion to the value of Mr. Trump’s nearly 60 percent stake in the company. The former president’s 115-million-share stake is now worth about $3.8 billion.

Ever since Trump Media became a public company in March, its stock has been on a roller-coaster ride, rising and falling often in sync with the perceived odds of Mr. Trump’s chances of victory in the presidential election.