Shares of Trump Media & Technology Group have stumbled since the company went public 13 months ago, but former President Donald Trump and CEO Devin Nunes have still reaped major financial rewards, Barrons reported last week. 

Despite recent gains, the company’s stock — trading under Trump’s initials, DJT, on the Nasdaq — closed Tuesday at less than half its price on its first day of trading. So far this year, the stock is down 26.7% — more than twice the 9.6% drop in the Nasdaq Composite.

Trump, however, remains a big winner. His stake, held in a revocable trust in his son Donald Trump Jr.’s name, is valued at $2.9 billion. Nunes, who left his Tulare County congressional seat in 2022 to lead Trump Media, was awarded a compensation package last year worth $47.6 million — more than 13 times the company’s revenue of $3.6 million.

That ratio far exceeds norms for similarly sized companies. A review by compensation research firm Equilar found no CEOs of comparable firms earning more than their company’s annual revenue.

Trump Media, which owns the Truth Social platform, went public in March 2024 via a merger with a blank-check company.

A company spokeswoman defended Nunes’ pay as based on independent recommendations.

Read more at Barrons.