By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Trump’s Truth Social Merger Propels Him into Bloomberg’s Billionaires Club
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
Culture

Trump’s Truth Social Merger Propels Him into Bloomberg’s Billionaires Club

Rary Maharani
Last updated: April 2, 2024 2:34 am
Rary Maharani
Share
2 Min Read
SHARE
  • Donald Trump’s net worth surges to $6.5 billion, securing spot on Bloomberg Billionaires Index.
  • The boost comes from his investment in Truth Social, which recently completed merger.
  • Shares of “DJT” soared 56% on NYSE debut, potentially valuing Truth Social at $5 billion.

Contents
A timely boost for the former presidentTrading frenzy greets “DJT” on the NYSE

A timely boost for the former president

Donald Trump’s net worth surged to $6.5 billion, securing him a spot on the Bloomberg Billionaires Index.

The former US president’s fortune received a substantial boost of approximately $4 billion, largely due to his significant investment in Truth Social, his social media platform.

Trading frenzy greets “DJT” on the NYSE

Trump Media & Technology Group, the parent company of Truth Social, recently completed a delayed merger a shell company created to acquire it.

The merger comes at an opportune moment for Trump, who faces increasing legal costs and penalties. Following the merger, Trump Media & Technology Group began trading on the New York Stock Exchange under the ticker symbol “DJT” on Tuesday.

Shares soared as much as 56% to $78, triggering a brief trading halt, before settling at around $68 in early afternoon trading. Truth Social, boasting approximately 5 million users, could be valued at more than $5 billion.

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article Una Brands Achieves EBITDA Profitability Amid Industry Challenges
Next Article Singaporean Celebs Embrace AI Avatars with IdoLive

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Crypto & Web3

The Rise of Stablecoins in the High Inflation Countries of Latam is a Key Trend I’m Keeping an Eye on

May 16, 2024
Proptech

HDB’s New Property Listing Portal, A Game Changer for Singapore’s Housing Market?

May 23, 2024
FAANG

Amazon Grounds Drone Deliveries in California Town

April 26, 2024
Social Media

Reddit’s Resurgence: The Forum Giant’s Unexpected Growth Spurt

August 16, 2024
Social Media

Musk’s Middle Finger to Advertisers Boycotting X

February 17, 2024
Social Media

TikTok Set to Launch Instagram Rival App, Potentially Named “TikTok Notes”

April 11, 2024
AI

Top 10 AI Tools Most Being Used in SEA!

February 19, 2024
CreatorsStartups

Hunter Hammonds says “Borrow distribution if you don’t have it”

February 17, 2024
Food techVC

Thai Giant Betagro Bets Big on Future FoodTech with New VC Arm

May 6, 2024
AI

Tesla’s Optimus Project Seeks Human Mimics for Robot Training

August 26, 2024
Gaming

Gaming Scion Mario Ho Takes NIP Group Public, Betting on Esports Future

August 6, 2024
Gaming

Decoding Xbox Game Pass: More Than Meets the Gamepad

February 17, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?