Trump's net worth slips by $1 billion as Truth Social stock plummets.

Former President Donald Trump's net worth decreased by $1 billion when Trump Media & Technology Group

which owns Truth Social, reported large losses and little revenue last year, according to CNN.

Shares of Trump Media plunged 21% on Monday, but are still up roughly 200% this year, according to the report.

The dip occurred when the company disclosed in a regulatory filing that it lost $58 million in 2023, compared to a profit of $50.5 million in 2022.

The company reported only $4.1 million in revenue, up from $1.5 million in 2022.

Trump controls 78.8 million shares in the new company. The share is now valued at $3.8 billion, down from over $6.3 billion only last week.

Despite the regulatory filing, Wall Street has valued the company at up to $11 billion, though that figure dropped to around $8.8 billion on Monday.

"If your child had a lemonade stand, it would make more money than this," tech journalist Kara Swisher told CNN. "But if people are willing to pay for it, this is what they will receive. It's inexplicable.

Pink posts a video of a heart on a cloud to remember her late father.