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

Trump’s Billionaire Rank Soars to 377th on Bloomberg List after Successful Truth Social IPO, Potential Value of His Position Reaches $5.3 Billion.

In February, the former President Donald Trump saw his net worth reach over $4 billion, placing him at 377th on the Bloomberg list of billionaires. This increase in wealth was due to the successful IPO of his social network, Truth Social, which surpassed tycoon George Soros who is now one rank below him on the list.

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 and rose by 14% on Wednesday on Wall Street.

The potential value of Trump’s position could reach approximately $5.3 billion, increasing his total wealth to about $7.9 billion. Despite this increase in wealth, he will be restricted from selling shares in the merged company for at least six months.

Trump has stated that he will use some of his money for a potential presidential campaign in November. His lawyers had previously indicated that he could not afford bail, but now it seems he has the resources to do so as he tries to avoid paying the money owed and prepare for a political comeback. Meanwhile, there are links at the bottom of this article that seem unrelated to its topic and should be reviewed or removed.

In summary, Trump’s wealth increased by over $400 million following the successful IPO of Truth Social and landed him at 377th place on Bloomberg’s list of billionaires. He has stated that he plans to use some of his newfound wealth for a potential presidential campaign in November while also trying to avoid paying off debts owed by his companies and preparing for a political comeback.

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