Former President Donald Trump’s net-worth has soared to $6.4 billion following the recent merger between Digital World Acquisition Corp. and Trump Media & Technology Group Corp. This significant increase in wealth will see Trump being listed on the prestigious Bloomberg Billionaires Index for the first time in his career.
The merger has also paved the way for Trump Media’s “DJT” stock to begin trading on the Nasdaq exchange, marking a new chapter for the media company. Trump’s net-worth had previously peaked at $3.1 billion, making this latest increase of $4 billion a monumental achievement for the former president.
One of Trump Media’s most valuable assets is Truth Social, a social media platform that has garnered attention for its conservative approach to content moderation. This platform is expected to play a crucial role in Trump Media’s future growth and success.
However, Trump is currently facing legal troubles as he has been ordered to post a reduced bond of $175 million to fight a civil fraud judgment. He has been given a 10-day deadline to post the bond before the state can seize his assets. Despite this setback, Trump has expressed confidence in his ability to win the legal battle and emerge victorious.
The news of Trump’s skyrocketing net-worth and legal challenges has sent shockwaves through the business and political worlds. As Trump continues to make headlines, all eyes will be on his next moves and the impact they will have on his legacy. Stay tuned to Matzav Blog for the latest updates on this developing story.
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