President Donald Trump saw a significant increase in his net worth, with shares of Trump Media & Technology (NASDAQ:DJT) surging on Thursday after the company announced a merger with TAE Technologies valued at $6 billion.
Media Deal Could Benefit From Political Support
According to Forbes, Trump’s net worth rose by $504 million in a single day due to his majority ownership of Trump Media and Technology Group, which is currently managed by his Donald J. Trump Revocable Trust.
Forbes now estimates his wealth at $6.8 billion.
Trump Media’s stock closed 41.93% higher at …Full story available on Benzinga.com
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