Trump's wealth surges by $5.5bn as Truth Social starts trading in New York [Yahoo! Finance]
Digital World Acquisition Corp. - Units (DWACU)
Company Research
Source: Yahoo! Finance
Shares in Trump Media and Technology Group (TMTG), the entity behind Mr Trump's Twitter rival Truth Social, rose by more than 50pc at one point after it arrived on the Nasdaq exchange through a merger with a listed cash shell. This values Mr Trump's majority stake in the company at more than $5.5bn (£4.3bn), sending his estimated net worth to more than $8bn. This would be enough for entry into the list of the world's 500 richest people according to Bloomberg's Billionaires Index. TMTG started trading on Tuesday under the stock ticker “DJT”. Dealing in the company's shares was so frantic that trading was briefly suspended. Shares later fell back slightly though were still up 33pc on the day. The deal cleared its final hurdle last Friday when voters in Digital World Acquisition Corp, the listed shell company that TMTG has combined with, approved the merger. It will give TMTG a $300m cash injection. Mr Trump is likely to be unable to sell shares for six months as a result of r
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