Posted on 03/26/2024 8:33:56 AM PDT by ChicagoConservative27
Former President Donald Trump’s net worth jumped to $6.4 billion 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.
The real estate mogul’s previous peak net worth was $3.1 billion.
Trump’s net worth ballooned by $4 billion after the merger of his Trump Media group and blank-check acquisition company Digital World.
(Excerpt) Read more at nypost.com ...
Sell a little bit of it while it’s riding high! Even if it’s just a couple of percent. I know the Donald wants to keep majority control. I get that. I’m sure he has faith in it’s long term growth too. But don’t miss the opportunity to take, when the taking is ripe.
First, I am surprised he was not previously on the list of Richest 500. With the global wealth explosion, I can imagine he had moved off of it.
Second, the $3 billion increase in net worth is all paper. Until he sells that stock, it really means nothing but bragging rights.
Joe Biden is yellow with envy.
JAMES provided all of this to TRUMP when you look at it hard.
His current holdings in DWAC alone (now trading as DJT) are worth $5.44 billion (80 million shares X $68). That would be in addition to the net value of his other assets.
“JAMES provided all of this to TRUMP when you look at it hard”
Got a nice Roadrunner v/s Coyote thing going doesn’t it?
Gotta love it, coming on the heels of the campaign to break him financially.
Few people, billionaires or otherwise, keep their wealth in cash. Stock is a liquid asset BTW.
That said, there is a 6 month post merger lock-up agreement in place during which shareholders of TMTG who own more than 10% of stock are not allowed to sell or exchange.
ROTFL.
This is so funny, after Trump got his victory yesterday I went to the left to enjoy their reactions, and now this headline.
Nonsense. Trumps net worth only went up $18 million and this is all fraud and Leticia better get on this to save democracy...
God DOES have a sense of humor!
Donald Trump can make money 30 ways from Sunday, but the timing of this shows God’s hand at work.
There are notices up at Schwab and others that trading in Trump Social is having “issues”, apparently there too many buy orders clogging up the works.
God said vengeance is Mine
I’m pissed!
He pushed past me onto the list...
Yeah, me too. I gotta give Letitia James a call. Sleeping on the Jay Oh Bee...
Where is that fat ass ghetto jig Trish James denouncing FMV and Frog Lips judge.
Getting banned from twitter was the best thing to happen to Trump, financially speaking. All he needed was the wisdom to seize the opportunity.
Such a weird rule that he can’t sell for six months. By then, it could be less then it is now.
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