Donald Trump Biographer Says Election Loss Could Decimate Net Worth [Video]

Former President Donald Trump‘s former biographer said on Saturday that if the GOP presidential nominee loses November’s election, it could decimate his net worth.

While speaking with MSNBC‘s Alex Witt on Saturday afternoon, Tim O’Brien, author of the 2005 biography TrumpNation: The Art of Being The Donald explained why Trump’s social media platform, Truth Social, is declining and how an election loss could make things worse.

When Trump Media & Technology Group (TMTG), which owns Truth Social, went public in late March, its stock price was at $66.22. As of Friday, it is down to $22.81. Last quarter, TMTG reported over $16 million in losses and less than a million dollars in revenue.

Meanwhile, TMTG said in a report to the United States Securities Exchange Commission (SEC) that the company’s “success depends in part on the popularity of our brand and the reputation and popularity of President Donald J. Trump. The value …