Former President Donald Trump’s net worth has seen a significant increase following the merger between Trump Media & Technology Group and Digital World Acquisition Corp. His net worth has surged by $4 billion in the current year, reaching $7.2 billion in 2024 according to the Bloomberg Billionaires Index. This places him ahead of prominent figures such as George Soros and close to others like Mark Cuban.
As of market close on Tuesday, Trump ranked 377 on the list of billionaires, surpassing individuals like Bernie Marcus and Reed Hastings. The surge in his wealth came after the successful merger of Trump Media & Technology Group and Digital World Acquisition Corp., resulting in a substantial increase in the value of the new DJT stock. Trump currently owns 78.75 million shares of DJT stock.
While DJT stock experienced a slight drop of approximately six percent by market close on Thursday, it still finished the week up by nearly 40 percent. The surge in DJT stock has largely been attributed to retail investors.
If DJT stock continues to climb after the Easter holiday, Trump’s net worth could surpass that of George Soros and Mark Cuban on the Bloomberg list. Some analysts even suggest that his net worth has already exceeded $7.3 billion. This continued success would also place Trump in close proximity to other billionaires like Robert Kraft and George Lucas, both of whom have a net worth of around $8.3 billion.
It’s important to note that Trump Media & Technology Group has a “lock-up” period, preventing its executives from selling shares for the next six months. However, the board has the authority to waive or reduce this waiting period.
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