ALBAWABA - Donald Trump, the former US President and 2024 presidential candidate, saw his fortune increase by approximately $460 million following a recent surge in stocks at Trump Media and Technology Group.
Trump's fortune increases by $460 million
Trump’s fortune increased by approximately 7.5%, $460 million, bringing his overall net worth to $6.6 billion.
This notable rise is driven by the high records achieved by Trump Media & Technology Group, the American media and technology company primarily owned by Trump that runs the Truth Social platform, over the past five weeks.
Trump’s fortune increased by approximately 7.5%, $460 million, bringing his overall net worth to $6.6 billion. (Shutterstock)
As the company’s shares jumped over 11% to $38.95, experts remain uncertain about the reasons behind this boost, especially given that shares have increased by 30% in the past five days.
This significant rise could benefit the former president in the 2024 elections against Vice President Kamala Harris.
It is worth noting that Trump's net worth increased by more than $2.5 billion since mid-September 2024.
Trump Media and Technology Group shares
Trump Media and Technology Group stocks surged over 200% since September 2024. It is important to note that Trump’s wealth is closely tied to the performance of his media company.
The stock nearly tripled in the past five weeks, significantly boosting Trump’s fortune, as he owns almost 115 million shares valued at approximately $4.4 billion.
