• Mon. May 20th, 2024

Donald Trump’s Wealth Surges to Over $7.9 Billion, Eclipsing George Soros on Bloomberg Billionaires List

BySamantha Jones

Mar 27, 2024
Donald Trump’s Truth Social makes him richer, surpasses George Soros on Bloomberg’s wealth list

Donald Trump’s net worth has surged to over $4 billion, landing him at 377th place on the Bloomberg list of billionaires. This increase in wealth was attributed to the IPO of his social network, Truth Social, which surpassed tycoon George Soros who is now one rank below him at 378th place.

Trump’s wealth skyrocketed thanks to his majority stake in Trump Media & Technology Group, the company that owns Truth Social. The company went public under the symbol DJT after merging with Digital World Acquisition Corp. Trump Media & Technology Group’s shares surged 54% within half an hour of going public on Tuesday, with a 14% rise on Wednesday on Wall Street.

The potential value of Trump’s position could reach about $5.3 billion, increasing his total wealth to approximately $7.9 billion. Despite this, he will be restricted from selling shares in the merged company for at least six months. Trump has stated that he will be able to pay a cash bail of $175 million to appeal a sentence requiring him to pay $454 million, and expressed his desire to use some of his money for a potential presidential campaign in November.

Trump’s lawyers had previously indicated that he could not afford bail, but now it seems he has the resources to do so. He has been trying to avoid paying the money owed and is preparing for a potential political comeback. Meanwhile, the list of links at the bottom of the original content seems to be unrelated to the topic of Trump’s wealth and should be reviewed or removed.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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