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