Politics
By Victor Nava
Revealed
March 25, 2024, 10:27 p.m. ET
Former President Donald Trump’s net-worth jumped to $6.4 billion on Monday after the merger between Digital World Acquisition Corp. and Trump Media & Know-how Group Corp. was formally finalized, in line with a report.
For the primary time ever, Trump, 77, will probably be listed on the Bloomberg Billionaires Index of the world’s wealthiest 500 individuals, in line with the outlet.
Trump Media’s “DJT” inventory will start buying and selling on the Nasdaq change Tuesday, in line with the corporate. James Keivom
The true property mogul’s earlier peak net-worth was $3.1 billion.
Trump’s net-worth ballooned by $4 billion after the profitable merger between his Trump Media group and blank-check acquisition firm Digital World.
Trump Media will start buying and selling on the Nasdaq change underneath the ticker “DJT,” a nod to the presumptive Republican nominee for president’s initials, the corporate stated in an announcement.
Trump has a 58% private stake within the publicly traded entity.
Trump Media’s largest asset is Fact Social, the social media platform the place the previous president – going by @realDonaldTrump – has amassed a following of greater than 6.7 million customers.
Trump launched Fact Social after being suspended from each Twitter and Fb in 2021 within the aftermath of the Jan. 6, 2021, riot on the US Capitol Constructing.
Trump on Monday was ordered to publish a decreased bond of $175 million to battle the civil fraud judgement towards him. Andrea Renault/ZUMA Press Wire / SplashNews.com
His huge enhance in wealth comes on the identical day he snagged a last-minute authorized victory when a New York appeals court docket dominated he may publish a drastically decreased bond of $175 million to battle the large judgment in his civil fraud case.
Trump’s legal professionals beforehand advised the court docket that the previous president did not safe the preliminary $464 million bond quantity regardless of approaching greater than 30 underwriting corporations.
Trump’s net-worth ballooned by $4 billion after the profitable merger between his Trump Media group and blank-check acquisition firm Digital World. REUTERS
Comply with together with The Put up’s protection of former President Donald Trump’s search to discover a mortgage for his $175 million bond cost
The appellate court docket has given Trump one other 10 days to publish the bond earlier than the state, led by Lawyer Common Letitia James, can start to grab his belongings.
“I’ve a whole lot of money,” Trump stated throughout a press convention Monday.
“We’ll put up money or bond in a short time, securities, money, or bond, no matter it’s,” he added. “We’ll put it up in a short time and we’ll win the case.”
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