{"id":113448,"title":"Trump’s net worth increases by $5.5 billion as Truth Social begins trading in the U.S.","publisher":"Share Talk","author":"sharetalk","published":"2024-03-26T17:48:01+00:00","modified":"2024-03-26T17:48:01+00:00","canonical_url":"https://www.share-talk.com/trumps-net-worth-increases-by-5-5-billion-as-truth-social-begins-trading-in-the-u-s/","markdown_url":"https://www.share-talk.com/trumps-net-worth-increases-by-5-5-billion-as-truth-social-begins-trading-in-the-u-s.md","json_url":"https://www.share-talk.com/trumps-net-worth-increases-by-5-5-billion-as-truth-social-begins-trading-in-the-u-s.json","category":"Investment Reports","categories":["Investment Reports"],"tags":["Alvin Bragg","Digital World Acquisition Corp","Donald Trump","Juan Merchan","Judge","Manhattan District Attorney","New York","Truth Social","USA","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/03/Wall-Street.webp?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"Donald Trump has joined the list of the world’s top 500 wealthiest individuals following a surge in the value of shares of his social media firm on their first day on Wall Street.\n\nTrump Media and Technology, the creator of Truth Social, which competes with Twitter, saw its shares jump over 50% following its debut on the Nasdaq. This was achieved through a merger with Digital World Acquisition Corp, a publicly traded special purpose acquisition company.\n\nThis surge in share value has raised the worth of Trump’s majority holding in the company to over $5.5 billion (around £4.3 billion), boosting his total estimated net worth to over $8 billion.\n\nThis increase qualifies him for a spot in Bloomberg’s Billionaires Index, featuring the world’s 500 richest people.\n\nTMTG began its trading journey on Tuesday, represented by the stock ticker “DJT.”\n\nThe merger’s final approval came last Friday when Digital World Acquisition Corp’s shareholders voted in favour of the deal.\n\nHowever, due to listing rules, Trump is restricted from selling any shares for a six-month period."}