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00:02President-elect Donald Trump transferred over 100 million shares of Trump Media
00:06to a revocable trust, a move revealed in SEC filings Thursday.
00:09Trump is the trust's sole beneficiary and indirectly retains ownership of the shares,
00:13which are valued at over $4 billion.
00:16Donald Trump Jr. is the sole trustee, controlling voting and investment decisions.
00:20The transfer of Trump Media shares to the revocable trust mirrors similar asset
00:24transfers Trump made before his 2017 inauguration.
00:27Though the value of the shares far exceeds his previous moves.
00:31In 2017, Trump transferred real estate holdings, assets, and liabilities to the same trust.
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