Photo: Alamy
New York City has been the focal point for ongoing news coverage as 45th President Donald Trump has been traveling to and from Manhattan criminal court amid an ongoing “hush money” trial that is expected to last several more weeks.
In 2024, Trump is in the middle of campaigning for presidential reelection, and the multiple legal battles that he is fighting in court have proven to be a drain on his finances. Despite the inconvenience of courtroom schedules and costs, Trump has somehow managed to become richer in 2024, despite his opponents’ machinations.
Last week, RSBN reported that President Trump was poised to receive a bonus earnout of DJT stock, amounting to 36 million shares worth more than $1 billion.
Since the anticipated merger between Trump’s media company, TMTG, and Digital World Acquisition Corp (DWAC), the president has raked in billions, boosting his own net worth by leaps and bounds and paving the way for his free-speech platform, Truth Social, to rapidly expand.
This week, Trump did indeed receive his bonus with DJT stock, adding a total of $1.8 billion to his coffers, according to CBS News. The outlet reported that TMTG awarded the president the extra shares as a reward for “the stock staying above $17.50 a share for any 20 trading days within a 30-day trading period,” and upon this payout, Trump now has 114.75 million shares of TMTG under his control.
Per RSBN, Trump would have to wait at least 150 days before selling off any stock if he wanted to cash in on the multi-billion-dollar windfall. Currently, Trump is the majority stakeholder in the company.
In the wake of the merger and the financial boons it has afforded the president, Truth Social is set to expand exponentially, and they currently in the developmental phases of rolling out a live-streaming app.