President Trump’s Net Worth Surges Thanks to Stock Jumps

While President Trump has had money issues throughout this past year thanks to the ridiculous charges, his net worth recently received a surge.

The boost in his net worth is due to his public company, Trump Media & Technology Group.

Forbes updated their list of billionaires net worth’s and President Trump’s went from $2.2 Billion dollars to $5.1 Billion dollars because of his ownership of Truth Social. pic.twitter.com/mIhNm9jwSF

— The TRUMP PAGE 🇺🇸 (@MichaelDeLauzon) April 29, 2024

The main asset within this company is the social media platform Truth Social.

CBS News adds more on the specifics of his shares and net worth:

The company awarded Trump an additional 36 million shares as an “earnout” bonus for the stock staying above $17.50 a share for any 20 trading days within a 30-trading day period, according to a Tuesday regulatory filing.

With the stock bonus, Trump now controls 114.75 million shares of Trump Media, which trades under the ticker DJT — the same as his initials. Based on today’s closing price for the company, that values his entire stake at $5.7 billion.

Trump’s total net worth is about $8 billion, according to Bloomberg Billionaires Index, which says that the bulk of his fortune is now tied up in DJT shares.

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While this is fantastic news for President Trump, he is not able to cash out on his increase in net worth.

President Trump is currently on a lockup period, restricting him and other Trump Media executives from selling their shares for an additional five months.

President Trump holds roughly 65% of Trump Media & Technology Group, which booked just $4.1 million in revenue in 2023.

Many people have taken to X to react to the news:

Former President Donald Trump’s net worth soared by another $1.8 billion on Tuesday as a result of the continued success of the Trump Media & Technology Group, which trades under the ticker “DJT.”

NYC judge🤡 fines Trump $9K 🤣 pic.twitter.com/MFK4Yw9vRK

— Mark Nantz (@BullseyeBanjo) May 1, 2024

The Democrats thought they were going to bankrupt Trump and instead he tripled his net worth. 😂

Trump never misses. pic.twitter.com/XNWk0IN6KY

— Daily Trite 🇺🇸 (@realDailyTrite) May 1, 2024

Funny, I didn't see a single tweet today laughing at Trump's falling net worth…wonder why… pic.twitter.com/CVXnvNjMMV

— Waffle Ladders (@waffle_ladders) May 1, 2024

This just goes to show while President Trump is dealing with made up charges, his businesses continue to succeed.