Trump Scored Gargantuan Win Over His Two Biggest Nemeses

Following the merging of Digital World Acquisition Corp. and Trump Media & Technology Group on Monday, the former president Donald Trump’s net worth increased. Over the course of the current year, Trump’s net worth has increased by $4 billion, overtaking liberal financier George Soros and gaining ground on Dallas Mavericks owner Mark Cuban.

By 2024, Trump’s net worth increased to $7.2 billion, based on the Bloomberg Billionaires Index.

As of Tuesday’s market closing, Trump was number 377 on the list, above billionaires like Reed Hastings, the co-founder of Netflix, and Bernie Marcus, the co-founder of Home Depot, who is worth $6.9 billion.

Following the merger of Digital World Acquisition Corp. and Trump Media & Technology Group earlier this week—the latter being best known for being the home of Trump’s X alternative Truth Social—the former president’s wealth skyrocketed. As of right now, Trump has 78.75 million shares of the newly floated DJT stock, which jumped over 70% on the NASDAQ in its first day of trading.

Even though DJT shares had a roughly 6% decline by Thursday’s market closing, the company still ended the week up about 40%. Analysts have stated that ordinary investors are mostly to blame for the stock’s rise.

The former president’s net worth may surpass that of George Soros ($7.2 billion) and Mark Cuban ($7.3 billion) on the Bloomberg list if DJT keeps rising when markets resume after the Easter break. As per certain estimations, Trump’s net worth has reached the sum of $7.3 billion.

If he keeps up his current success, he would also be close to the $8.3 billion net worth of George Lucas, the creator of Star Wars, and Robert Kraft, the owner of the New England Patriots.

For the next six months, the executives of Trump Media & Technology Group are prohibited from selling shares due to a “lock up” period. However, the wait period may be waived or shortened by its board.