You are currently viewing Trump’s net worth has jumped about $600 million since leaving office

Trump’s net worth has jumped about $600 million since leaving office

Banned from social networks, Donald Trump revealed that he was creating his own platform in October. Truth Social has already been downloaded, bugs and all, over a million times and boosted Trump’s net worth by around $430 million.


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Donald Trump, master of reinvention, has a new title: tech entrepreneur. That’s overkill for the 75-year-old, who doesn’t even use email, preferring instead to scribble irregular notes in marker. But he doesn’t mind getting into businesses he has little experience in – and that job should prove far more lucrative than the presidency. In fact, it’s already boosted his net worth by $430 million, according to our calculations, helping to boost 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 Palm Beach club, Mar-a-Lago, which s ‘appreciate quickly, as an address. The app became available in February. Trump now has 835,000 followers, less than 1% of his previous total on Twitter. He only posted 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 stock from $10 to over $50. Based on clues buried in regulatory documents, Trump likely owns at least 50%. We’ve estimated the value of the shares Trump should eventually receive at $10 each, reflecting the cut rate a handful of smart investors recently agreed to pay to jump into the frenzy.

Since the deal has not been completed, the former president cannot sell his alleged shares on the open market today. There are also doubts as to whether the merger will take place. The Securities and Exchange Commission and the Financial Industry Regulatory Authority are investigating the deal. Bottom line: The SPAC is good news for Trump, but it’s not something he should bank on right away.

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