Trump’s Partnership with Truth Social Boosts Him Into the Ranks of the World’s 500 Wealthiest Individuals

Recent events have brought a surge in former President Donald Trump’s net worth, landing him a spot on Bloomberg’s rich list. This increase in fortune came after his social media platform, Truth Social, became part of a publicly traded company. As a result, Trump now ranks among the 500 richest people in the world with a net worth of $6.5 billion, an impressive $4 billion increase from before.

In recent weeks, Trump has faced numerous challenges but has seen some positive developments. Truth Social, which he heavily invested in, finally joined a publicly traded company, providing him with much-needed financial support. Additionally, a New York appeals court reduced his bond in a civil fraud case from $454 million to $175 million, bringing some relief to the former president.

Trump Media & Technology Group began trading on the New York Stock Exchange under the symbol “DJT.” Shares surged by as much as 56%, leading to a temporary halt in trading. Despite this setback, they were still up by approximately 36% in early afternoon trading and hovered around $68. With over 5 million users and its potential to be valued at over $5 billion, Truth Social is poised for even greater success.

Representatives for Trump and his company have not yet responded to requests for comment on these recent developments indicating that they are optimistic about their financial standing moving forward.

By Samantha Johnson

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