Recent developments have seen a significant boost in former President Donald Trump’s net worth, landing him a spot on Bloomberg’s rich list. This increase in fortune came after his social-media platform, Truth Social, became part of a publicly traded company. Trump is now among the 500 richest people in the world with a net worth of $6.5 billion, an impressive $4 billion increase from before.
The past few weeks have been positive for Trump, who has faced numerous challenges. However, recent news has brought some relief to the former president. Truth Social, which he heavily invested in, has finally joined a publicly traded company and provided him with a financial boost. Additionally, a New York appeals court reduced his bond in a civil fraud case from $454 million to $175 million.
Trump’s company, Trump Media & Technology Group, began trading on the New York Stock Exchange under the symbol “DJT.” Shares surged by as much as 56% to $78 during early afternoon trading, leading to a temporary halt in trading. Despite this setback, shares were still up by approximately 36% around midday. Truth Social has 5 million users and has the potential to be valued at over $5 billion.
Representatives for Trump and his company have not yet responded to requests for comment regarding these recent developments or their impact on his financial standing. However, it appears that Trump’s recent successes with Truth Social and the stock market indicate that his financial standing may be turning around positively.
