Trump’s Wealth Surges to Over $4 Billion Thanks to Truth Social IPO; Potential Value of Stake Could Reach $5.3 Billion

Donald Trump’s Truth Social makes him richer, surpasses George Soros on Bloomberg’s wealth list

The former president Donald Trump has seen his net worth rise to over $4 billion, placing him at 377th on the Bloomberg list of billionaires. This increase in wealth was attributed to the IPO of his social network, Truth Social, which surpassed tycoon George Soros who is now one rank below him at 378th place.

Trump’s wealth skyrocketed thanks to his majority stake in Trump Media & Technology Group, the company that owns Truth Social. The company went public under the symbol DJT after merging with Digital World Acquisition Corp. Trump Media & Technology Group’s shares surged 54% within half an hour of going public on Tuesday, with a 14% rise on Wednesday on Wall Street.

The potential value of Trump’s position could reach about $5.3 billion, increasing his total wealth to approximately $7.9 billion. Despite this, he will be restricted from selling shares in the merged company for at least six months. Trump has stated that he will be able to pay a cash bail of $175 million to appeal a sentence requiring him to pay $454 million and expressed his desire to use some of his money for a potential presidential campaign in November.

Trump’s lawyers had previously indicated that he could not afford bail but now it seems he has the resources to do so. He has been trying to avoid paying the money owed and is preparing for a potential political comeback while the list of links at the bottom of the original content seems unrelated to the topic of Trump’s wealth and should be reviewed or removed.

Sophia Reynolds

As a content writer at newsloki.com, I'm always on the lookout for the next intriguing story to share with our audience. With a passion for crafting engaging and informative content, I delve into a variety of topics ranging from breaking news to feature pieces. My goal is to captivate readers through my words and keep them coming back for more. When I'm not typing away at my keyboard, you can find me exploring new coffee shops, diving into a good book, or taking long walks in nature. Join me on this journey of storytelling and discovery at newsloki.com - where every word has the power to inform and inspire.

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