Jimmy Kimmel shattered one of Donald Trump’s favorite myths about himself Tuesday night with a brutal fact check on the former president’s rapidly declining wealth.
“If you bought Trump stock two weeks ago — and shame on you if you did — you lost half your money,” Kimmel said. “But if you hold on a little longer, you risk losing everything.”
Kimmel was referring to the falling value of Trump Media & Technology Group – the company behind his Truth Social platform – whose price jumped when it went public last month.
While Trump owned about 60% of the company’s stock, his net worth soared along with the stock price, briefly putting the former president on the Bloomberg Billionaire Index.
Since then, stocks have crashed and remain in free fall, losing billions in market value, wiping billions from Trump’s personal net worth and getting him kicked off that billionaire index.
This fall is also undoubtedly embarrassing for the former president, given how he tries to present himself as a successful businessman.
Kimmel called this bad news for Trump’s children, like Donald Trump Jr. and Eric Trump.
“Daddy’s out of money,” Kimmel said.
Read more in his Tuesday evening monologue:
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