Trump's wealth rises to $6.4 billion and joins the list of the 500 richest people in the world

Policy

by Victor Nava

Former President Donald Trump's net worth jumped to $6.4 billion on Monday after the merger between Digital World Acquisition Corp and Trump Media & Technology Group Corp was officially completed, according to a report.

For the first time ever, Trump, 77, will be included in the Bloomberg Billionaires Index of the world's 500 richest people. According to the director.

The real estate mogul's previous net worth was $3.1 billion.

Trump's net worth swelled by $4 billion following the successful merger between his Trump Media group and the blank-check buyout company Digital World.

Trump Media will begin trading on the Nasdaq under the symbol “DJT,” a nod to the presumptive Republican nominee for the president's initials, the company. He said in a statement.

Trump has a personal 58% stake in the publicly traded entity.

Trump Media's largest asset is Truth Social, the social media platform on which the former president – through @realDonaldTrump – has amassed a following of more than 6.7 million users.

Trump launched Truth Social after being suspended from both Twitter and Facebook in 2021 following the January 6, 2021 riot at the US Capitol.

The massive increase in his wealth comes on the same day he scored a last-minute legal victory when a New York appeals court ruled he could post a dramatically reduced $175 million bond to fight the huge ruling in his civil fraud case.

Trump's lawyers previously told the court that the former president failed to secure the initial bond amount of $464 million despite approaching more than 30 guarantor companies.

The appeals court gave Trump 10 more days to post bond before the state, led by Attorney General Letitia James, can begin seizing his assets.

“I have a lot of money,” Trump said during a press conference on Monday.

“We will be offering cash or bonds very quickly, or securities, or cash, or bonds, whatever it is,” he added. “We will bring it up very quickly and win the case.”