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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
NY Post ^ | 03/26/2024 | Victor Nava

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 ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: media; people; richest; trump
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Lefty had a meltdown in 3,2,1
1 posted on 03/26/2024 8:33:56 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

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.


2 posted on 03/26/2024 8:38:09 AM PDT by z3n (Kakistocracy)
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To: ChicagoConservative27

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.


3 posted on 03/26/2024 8:38:29 AM PDT by Steven Scharf
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To: ChicagoConservative27

Joe Biden is yellow with envy.


4 posted on 03/26/2024 8:38:42 AM PDT by rovenstinez
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To: rovenstinez

JAMES provided all of this to TRUMP when you look at it hard.


5 posted on 03/26/2024 8:41:08 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: ChicagoConservative27

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.


6 posted on 03/26/2024 8:47:37 AM PDT by RoosterRedux (A person who seeks the truth with a closed mind will never find it. He will only confirm his bias.)
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To: ridesthemiles

“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?


7 posted on 03/26/2024 8:48:28 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: ChicagoConservative27

Gotta love it, coming on the heels of the campaign to break him financially.


8 posted on 03/26/2024 8:53:46 AM PDT by hinckley buzzard ( Resist the narrative. )
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To: Steven Scharf
Second, the $3 billion increase in net worth is all paper. Until he sells that stock, it really means nothing but bragging rights.

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.

9 posted on 03/26/2024 9:01:00 AM PDT by RoosterRedux (A person who seeks the truth with a closed mind will never find it. He will only confirm his bias.)
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To: hinckley buzzard

ROTFL.

This is so funny, after Trump got his victory yesterday I went to the left to enjoy their reactions, and now this headline.


10 posted on 03/26/2024 9:05:42 AM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
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To: ChicagoConservative27

Nonsense. Trumps net worth only went up $18 million and this is all fraud and Leticia better get on this to save democracy...


11 posted on 03/26/2024 9:11:21 AM PDT by Manic_Episode (A government of the government, by the government, for the government)
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To: ChicagoConservative27

God DOES have a sense of humor!


12 posted on 03/26/2024 9:17:20 AM PDT by Albion Wilde (Either ‘the Deep State destroys America, or we destroy the Deep State.’ --Donald Trump)
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To: ChicagoConservative27

Donald Trump can make money 30 ways from Sunday, but the timing of this shows God’s hand at work.


13 posted on 03/26/2024 9:31:41 AM PDT by CaptainPhilFan ( Bring back insane asylums)
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To: ChicagoConservative27

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.


14 posted on 03/26/2024 9:38:21 AM PDT by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: Albion Wilde

God said vengeance is Mine


15 posted on 03/26/2024 10:08:37 AM PDT by frnewsjunkie
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To: ChicagoConservative27

I’m pissed!
He pushed past me onto the list...


16 posted on 03/26/2024 10:11:45 AM PDT by SuperLuminal ( hen we so desperately need him)
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To: SuperLuminal

Yeah, me too. I gotta give Letitia James a call. Sleeping on the Jay Oh Bee...


17 posted on 03/26/2024 10:16:55 AM PDT by Billthedrill
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To: ChicagoConservative27

Where is that fat ass ghetto jig Trish James denouncing FMV and Frog Lips judge.


18 posted on 03/26/2024 10:36:44 AM PDT by Hyman Roth
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To: ChicagoConservative27

Getting banned from twitter was the best thing to happen to Trump, financially speaking. All he needed was the wisdom to seize the opportunity.


19 posted on 03/26/2024 10:42:36 AM PDT by ETCM (“There is no security, no safety, in the appeasement of evil.” — Ronald Reagan)
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To: z3n

Such a weird rule that he can’t sell for six months. By then, it could be less then it is now.


20 posted on 03/26/2024 10:44:01 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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