Wait a minute. I thought he was in trouble because of his NY judgment? No! He's getting richer! A lot richer!
Let me get this straight. The Dems get him thrown off social media, so he starts his own platform and makes $4 billion in a few short years.
The more you whack him the stronger he gets.
Trump’s net-worth balloons to $6.4B, joins list of world’s 500 richest people, on eve of his media company’s Nasdaq debut
By Victor Nava, NY Post
Published March 25, 2024
Former President Donald Trump’s net-worth jumped to $6.4 billion on Monday after the merger between Digital World Acquisition Corp. and Trump Media & Technology Group Corp. was officially finalized, according to a report.
For the first time ever, Trump, 77, will be listed on the Bloomberg Billionaires Index of the world’s wealthiest 500 people, according to the outlet.
Trump Media's "DJT" stock will begin trading on the Nasdaq exchange Tuesday, according to the company.
The real estate mogul’s previous peak net-worth was $3.1 billion.
Trump’s net-worth ballooned by $4 billion after the successful merger between his Trump Media group and blank-check acquisition company Digital World.
Trump has a 58% personal stake in the publicly traded entity.
Trump Media’s largest asset is Truth Social, the social media platform where the former president – going by @realDonaldTrump – has amassed a following of more than 6.7 million users.
Trump launched Truth Social after being suspended from both Twitter and Facebook in 2021 in the aftermath of the Jan. 6, 2021, riot at the US Capitol Building.
Trump on Monday was ordered to post a reduced bond of $175 million to fight the civil fraud judgement against him.
His vast increase in wealth comes on the same day he snagged a last-minute legal victory when a New York appeals court ruled he could post a drastically reduced bond of $175 million to fight the massive judgment in his civil fraud case.
Trump’s lawyers previously told the court that the former president failed to secure the initial $464 million bond amount despite approaching more than 30 underwriting firms.
Former U.S. President Donald Trump
Trump says it will be ‘honor’ to post $175M fraud case bond after appeals court cuts funds due from $454M
“I have a lot of cash,” Trump said during a press conference Monday.
“We’ll put up cash or bond very quickly, securities, cash, or bond, whatever it is,” he added. “We’ll put it up very quickly and we’ll win the case.”
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