The naysayers were wrong yet again!
President Trump’s media stock, represented by the ticker symbol “DJT“, has surged in price during its first week of trading, and the former President’s net worth has gone up as a result.
At the time of this writing, DJT is trading at $61.96 per share and boasts a $15 billion market cap. If we use the current numbers then President Trump’s net worth has surged by $9 billion in unrealized gains.
This puts DJT squarely in the S&P 500 index—not on the outskirts of the index.
Letitia James can fine the former President all she likes, plus interest. That is not going to put a dent in his wealth or slow down his campaign.
Take a look at the stock’s remarkable performance over the first week of trading:
BREAKING: Trump's media stock ($DJT) is soaring a whopping 50% on its first day.
It has a $15 Billion market cap, higher than EIGHTY companies listed on the S&P 500 including American Airlines.
Trump owns a 58% stake in the company, meaning he is now $9 BILLION richer.
The… pic.twitter.com/yrYMoJ7c1g
— End Wokeness (@EndWokeness) March 26, 2024
The Epoch Times explained:
President Trump holds 78.75 million shares in the company.
At $61.96 per share, the former president’s stake in TMTG is now worth $4.87 billion, while TMTG’s market capitalization is at $8.39 billion.
According to the Bloomberg Billionaires Index, President Trump’s net worth was at $7.48 billion as of March 30.
He ranked at the 350th spot in the list of the world’s 500 richest people.
“The DWAC-TMTG merger resulting in a DJT stock ticker has to be one of the most based 5D chess moves made in the Info War so far.
The American public will now have the opportunity to be literal shareholders in an ideology, making them directly invested in the future direction of the country.
The America First culture swing is already on in full. When you add financial FOMO to that equation, things are going MAGAbolic,” Burning Bright remarked:
The DWAC-TMTG merger resulting in a DJT stock ticker has to be one of the most based 5D chess moves made in the Info War so far.
The American public will now have the opportunity to be literal shareholders in an ideology, making them directly invested in the future direction of…
— BurningBright (@reBurningBright) March 22, 2024
Trump Media stock has soared by more than 50% in its debut on the Nasdaq.
The American people are buying $DJT to send this message to Washington and Big Tech:
Stop ignoring us and stop silencing us. pic.twitter.com/txQfLDmyhe
— David Nicholas (@DavidANicholas) March 26, 2024
The Hill provided this statement from Trump campaign spokesperson Steven Cheung:
In a statement to The Hill, Trump campaign spokesperson Steven Cheung said Truth Social “is hot as a pistol” and “the only place, aside from speeches and interviews, where the American people can get President Trump’s message directly from him.”
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!