Tuesday, March 26, 2024

Trump Media & Technology Group (Part 2)

From Tom Maloney's 3-25-24 BLOOMBERG article entitled "Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People":

Facing a deadline to post a bond of more than $500 million in a New York fraud lawsuit, a state appeals court tossed him a lifeline, slashing the amount he’d have to post to $175 million — an amount he says he’ll cover. Around the same time, his social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of dollars on paper are now officially Trump’s.

All told, his net worth increased by more than $4 billion. That means for the first time ever, Trump joined the ranks of the world’s wealthiest 500 people on the Bloomberg Billionaires Index, with a fortune of $6.5 billion.
 
To read the entire article, click HERE.

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