Photo: Alamy
President Donald Trump is a man of business, first and foremost, so it comes as little surprise to many that he has deftly maneuvered a financial comeback early in 2024 that has boosted his net worth and reestablished his position as one of the world’s wealthiest men.
Last week, a long-awaited shareholder vote took place that solidified the anticipated merger between the president’s media company (TMTG) and Digital World Acquisition Corp. (DWAC). The merger allowed Trump’s company to go public, and on Tuesday, it hit the Nasdaq exchange with soaring numbers.
As reported by RSBN, the stock (DJT) rose to a whopping $9 billion value this week, spiking upward of 37 (52 percent upon opening) percent per share, with share prices ballooning up to nearly $70 even days after its launch.
This rapid rise carried the company up to a $9 billion value, kicking off Trump’s powerful return to the stock market with a bang. Now, Trump himself has a personal net worth of more than $7 billion and has hopped up the ladder on the Bloomberg Billionaire Index, they revealed.
By Friday, Trump’s net worth had exceeded businessman and television personality Mark Cuban, who has infamously criticized the 45th president in the past. Trump had even surpassed shadowed political contributor George Soros.
Per Bloomberg, Trump owns the majority stake in TMTG, which is the parent company of his free speech platform, Truth Social. In fact, Trump owns more than 78 million shares in the company.
The president’s financial windfall comes during a 2024 election season that will pit him, once again, against Joe Biden and the mega-million-dollar Democrat machine. Trump must also post $175 million in bond in the New York civil fraud suit so that he can appeal a more than $450 million judgment.