Donald Trump’s fortune got another boost as stock in Trump Media & Technology Group surged again.
Trump Media shares climbed 14% to $66.22 on Wednesday, giving the company a market value of roughly $8 billion. That would make Trump’s approximately 60% stake worth about $5.2 billion. The company’s stock market debut under the DJT ticker followed its merger with special-purpose acquisition company Digital World Acquisition Corp.
That would give Trump an overall net worth of $7.1 billion and make him one of the 400 richest people in the world, according to the Forbes list of billionaires.
The move in shares on Wednesday boosts his wealth on paper by nearly $700 million in one day. The former president could receive tens of millions of additional shares if the stock stays above certain levels in the coming weeks.
BTW Rico is reaping the rewards of this goldmine.
Trump Media shares climbed 14% to $66.22 on Wednesday, giving the company a market value of roughly $8 billion. That would make Trump’s approximately 60% stake worth about $5.2 billion. The company’s stock market debut under the DJT ticker followed its merger with special-purpose acquisition company Digital World Acquisition Corp.
That would give Trump an overall net worth of $7.1 billion and make him one of the 400 richest people in the world, according to the Forbes list of billionaires.
The move in shares on Wednesday boosts his wealth on paper by nearly $700 million in one day. The former president could receive tens of millions of additional shares if the stock stays above certain levels in the coming weeks.
BTW Rico is reaping the rewards of this goldmine.