- 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.
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.
