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Donald Trump’s Truth Social makes him richer, surpasses George Soros on Bloomberg’s wealth list

The former president Donald Trump’s net worth soared to over $4 billion, landing him at 377th place on the Bloomberg list of billionaires. This increase in wealth was attributed to the successful IPO of his social network, Truth Social, which surpassed tycoon George Soros who is now one rank below him at 378th place.

Trump’s wealth skyrocketed thanks to his majority stake in Trump Media & Technology Group, the company that owns Truth Social. The company went public under the symbol DJT after merging with Digital World Acquisition Corp. Trump Media & Technology Group’s shares surged 54% within half an hour of going public on Tuesday, with a 14% rise on Wednesday on Wall Street.

The potential value of Trump’s position could reach about $5.3 billion, increasing his total wealth to approximately $7.9 billion. Despite this, he will be restricted from selling shares in the merged company for at least six months. Trump has stated that he will be able to pay a cash bail of $175 million to appeal a sentence requiring him to pay $454 million and expressed his desire to use some of his money for a potential presidential campaign in November.

Trump’s lawyers had previously indicated that he could not afford bail, but now it seems he has the resources to do so. He has been trying to avoid paying the money owed and is preparing for a potential political comeback while also keeping an eye on the list of links at the bottom of the original content that seem unrelated to the topic of Trump’s wealth and should be reviewed or removed.

By Samantha Jones

As a dedicated content writer at newsaca.com, I bring a unique blend of creativity and precision to my work. With a passion for storytelling and a keen eye for detail, I strive to craft engaging and informative articles that captivate our readers. From breaking news to thought-provoking features, I am committed to delivering content that resonates with our audience and keeps them coming back for more. Join me on this exciting journey as we explore the ever-evolving world of news and information together.

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