Newsmax is owned primarily by Christopher Ruddy, who is the founder, CEO, and majority shareholder. Ruddy holds about a 31% stake in the company, with significant voting power through Class A shares. Other notable shareholders include billionaire Thomas Peterffy with an 18% stake and Naples Investment Holdco LLC owning around 15%. Newsmax went public in March 2024 and trades on the New York Stock Exchange under the ticker NMAX, with Ruddy maintaining a controlling interest and leadership role.