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The former president donald trump (2017-2021) rose to 377th place on Bloomberg’s list of billionaires by reaching a net worth of more than US$4 billion thanks to the IPO of his social network, Truth Social, according to the Bloomberg Billionaires Index, thus surpassing the mogul George Soros.
Serumswhich in recent years has become the enemy of trumphe is one step below the former president, in position 378.
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The real estate mogul and Republican presidential candidate’s wealth has soared thanks to his 58% stake in Trump Media & Technology Group, the company that owns Truth Social and which merged with Digital World Acquisition Corp. before going public on Tuesday under the ticker symbol DJT.
On Tuesday, Trump Media and Technology Group saw its shares soar 54% just half an hour after going public and this Wednesday on the stock exchange Wall Street Its increase of 14% stood out.
If that gain holds, Trump’s position will be worth about $5.3 billion. increasing his total wealth to around $7.9 billion.
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However, for trump He will be prohibited from selling shares in the merged company for at least six months, but there is a chance the board of directors will vote to allow Trump to offer shares before then.
On Monday, Trump said he will be able to pay $175 million in cash bail to appeal the sentence that ordered him to pay $454 million.
“I have a lot of money”said the Republican candidate at a press conference in New York, although he later added that he would like to be able to use some of his money “to get elected” in the next presidential elections in November.
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For weeks, trump He tried to avoid paying that money and, as the Republican candidate’s lawyers indicated last week, Trump could not afford bail.
Source: Elcomercio
I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.
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