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

The former president, Donald Trump, has seen his net worth increase to over $4 billion thanks to the IPO of his social network, Truth Social. This has landed him at 377th place on the Bloomberg list of billionaires, surpassing tycoon George Soros who is now one rank below him.

Trump’s wealth skyrocketed thanks to his majority stake in Trump Media & Technology Group, which 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 while also reviewing or removing any irrelevant links at the bottom of the original content.

By Sophia Gonzalez

As a content writer at newsgreg.com, I am dedicated to crafting engaging stories that captivate our readers. With a knack for turning complex topics into accessible and compelling narratives, I weave words together to inform and inspire. My passion lies in delivering accurate and thought-provoking content that keeps our audience informed and entertained. From breaking news stories to in-depth features, I strive to bring a fresh perspective to every piece I create. Join me on this journey of exploration and discovery through the power of words at newsgreg.com.

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