Trump’s AG Nominee to Divest of $1 Million-Plus in Truth Social Stock If Confirmed

President-elect Donald Trump's nominee for attorney general, Pamela Bondi, testifies before the Senate Committee on Judiciary on Capitol Hill, on Jan. 15, 2025. Madalina Vasiliu/The Epoch Times

President-elect Donald Trump’s nominee for attorney general, Pam Bondi, said she will divest of more than $1 million in stock she holds in the parent company of Truth Social, Trump’s social media company, if confirmed, according to a form released on Jan. 17.

Bondi’s shares in Trump Media & Technology Group, the parent company, are valued at between about $1 million and $5 million, according to her financial disclosure.

She also has more than $1 million in warrants, giving her the ability to purchase additional shares in the future.

Bondi received shares and warrants for Digital World Acquisition Corporation as compensation for her consulting work for Renatus LLC, she said in her ethics agreement. The shares converted to Trump Media and Technology Group shares after the corporation and group merged in 2024, according to the documents.

Bondi promised not to participate personally in any matter that would affect Trump Media’s financial interests until she has divested from the company, or unless she receives a written waiver or qualifies for a regulatory exemption.

“I do not hold restricted stock, stock options, or any other equity interest in Trump [Media] & Technology Group,” Bondi said in her agreement. “I will divest my interests in Trump Media & Technology Group, as soon as practicable but not later than 90 days after my confirmation.”

Federal law bars U.S. officials from participating in matters that affect their financial interests or those of family members. Federal regulations require a waiver to participate in matters involving parties that officials know will affect the financial interests of themselves or others in their households.

“You also may have to disqualify yourself from a matter if someone with whom you have a personal or business relationship is a party or represents a party to the matter,” the Department of Justice says on its website. “This would include a former employer, even without a continuing financial interest, your former clients, an organization you worked for actively in the last year and your spouse’s employer.”

Bondi’s position with Renatus, which also merged with the Trump group, ended in the spring of 2024, according to Bondi.

No other top-level Trump nominees hold shares in Trump’s company, according to their financial disclosures, although not all of their disclosures have yet been made available by the U.S. Office of Government Ethics.

Robert F. Kennedy Jr., who Trump selected to lead the U.S. Department of Health and Human Services, and Howard Lutnick, Trump’s nominee for secretary of commerce, are among the nominees whose financial forms have not yet been posted by the office.

Bondi in her forms reported a $1 million annual income from Ballard Partners, where she’s currently employed, as well as $520,000 in consulting fees from the nonprofit America First Policy Institute and $203,738 yearly income from the law firm Panza, Maurer, & Maynard P.A. Bondi said she would resign from her jobs if confirmed and that she recently resigned from positions with technology company SOMA Global and Newsmax, a media outlet.

Bondi, a former Florida attorney general, answered questions from the Senate earlier in the week. The Senate will decide whether to confirm her after Trump takes office on Jan. 20.

The GOP holds a majority in the Senate, and only a simple majority is required to confirm presidential nominees.