Trump reestablished as one of the world’s wealthiest men

Former President Donald Trump arrives to board his airplane for a trip to a campaign rally in Waco, Texas, at West Palm Beach International Airport, Saturday, March 25, 2023, in West Palm Beach, Fla. (AP Photo/Evan Vucci)

Photo: Courtesy of the Trump Campaign

President Donald Trump scored big victories this week, landing him on Bloomberg’s top 500 wealthiest people list.

Bloomberg reported that his addition to the list is due to the finalization of the merger of Trump Media & Technology Group. 

President Trump’s social media platform, Truth Social, was approved to go public last Friday and officially started trading on Tuesday.

News of the merger’s finalization was reported by Bloomberg on Monday and pushed his net worth up to $6.5 billion, more than doubling his previous net worth. 

According to The Epoch Times, shares of Trump Media & Technology Group increased up to 52 percent within the first few minutes of opening. This stock frenzy became so volatile that trading had to be briefly halted. 

This occurred shortly after President Trump won in court, which allowed him to pay bond. Despite being ordered to pay more than $450 million in the New York civil fraud case, appellate court judges reduced the bond payment to $175 million on Monday.

President Trump responded to this victory by noting that he will pay the $175 million in cash, via RSBN.

Supporters have rallied around President Trump throughout his battles and celebrated this latest victory on social media. 

Political commentator Liz Wheeler stated, “When the left targets Trump with all their power & STILL Trump wins…”

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