Donald Trump’s Stake In Truth Social Helped Push His Net Worth To $3 Billion | Forbes

Donald Trump, master of reinvention, has a new title: tech entrepreneur. It’s a stretch for the 75-year-old, who doesn’t even use email, preferring instead to scrawl notes in marker. But he doesn’t mind jumping into ventures in which he has little previous experience—and this gig should prove far more lucrative than the presidency. In fact, it has already boosted his net worth by $430 million, according to our math, helping lift his fortune from $2.4 billion a year ago to $3 billion today.

Banned from Twitter, the former president announced in October that he was creating his own social media platform, Truth Social, through the Trump Media and Technology Group, which uses his rapidly appreciating Palm Beach club, Mar-a-Lago, as its address. The app became available in February. Trump now has 835,000 followers—less than 1% of his previous total on Twitter. He has posted only once: “Get Ready. Your favorite President will see you soon!”

Investors don’t seem to care. Trump Media plans to merge with a SPAC that retail traders are buying like crazy, boosting its shares from $10 to more than $50. Based on clues buried in regulatory filings, Trump probably owns at least 50%. We estimated the value of the shares Trump should eventually receive at $10 apiece, reflecting the discounted rate that a handful of smart-money investors recently agreed to pay to jump into the frenzy.

Since the deal hasn’t gone through, the former president can’t sell his presumed shares on the open market today. There are also some doubts about whether the merger will happen at all. Both the Securities and Exchange Commission and the Financial Industry Regulatory Authority are probing the deal. Bottom line: The SPAC is good news for Trump, but it’s not something he should be banking on quite yet.

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[enough]

You mean he lost the $3 BILLION HE NEVER HAD! But good click bait….you prolly made more on this video! Hahahah

[marioahu]

Good because he deserves that all the freaks out there that try to crush a like to crush our elected president should also reimburse him for all the pain that they have caused

[ravindertalwar]

Congratulations sir and all the best for its success 👍👍👍👍👍

[jarodstorm]

Those of us who support him are pissed. We can’t get on.

[carplazallccarplazallc]

Bought 6, 000 shares 2 days ago at $43.50 mark this post. I will Tripple my money within 24 months. 1/2 million proffit on the way!

[stephenhatt]

And yet he's still milking his followers for every cent he can get
When Truth Social goes down & it will everyone will lose money but the old con man ....
Zoe, Ca

[peachesjames]

False my accounts theifs of 311 highland cross drive houston TX 77073

[kevindukes]

So being a part owner of a dud media app increases one's net worth? The dude is bankrupt

[davegibbs]

Dude probably owes 4 billion...what a crook!

[pennyking]

Huh???/ He ran this company into the ground. It lost MILLIONS!

[george.a]

He he he... Truth social is now worth 10 billion!

[materialwitness]

4 months ago, Forbes post a click bait video of 10 billion valuation, now only 3? Business is Good🤔

[walterbrownstone]

This is how American politicians get paid.

[walterbrownstone]

This is how they purchase politicians.

[dral]

That makes no sense when DWAC is tanking !

[SolidSiren]

Lol it's only "worth" that temporarily. It is a complete flop, and half the downloads were trolls. 2 execs have quit and the whole thing will fail and bankrupt like everything else he has tried to do without daddy.

[sictransitgloriamundi]

Truth social sucks too much censorship

[rhomis]

Can you access that website with Windows and Chrome browser?

[ledzeppelin]

💪 awesome he deserves it & if you have to ask why then you don’t know anything

[adamgivan]

Hopefully the sec will uncover his stock market scam and throw him in jail for life