Trump's net worth reportedly soars to $6.5 billion after media company stock jumps

Trump's net worth has in recent days shot up by more than $4 billion, bringing his current total to about $6.5 billion, according to Bloomberg, which tracks the 500 wealthiest people in the world.

A New York appeals court dramatically lowered the amount of cash Trump needs to get a bond that will save him from having to immediately pay a $454 million civil fraud penalty. The bonanza was the result of a merger approved Friday between Trump's social media company, Trump Media & Technology Group, and a shell company, Digital World Acquisition Corp., known asTrump turns to his ‘old cast’ to raise millions for 2024 and the PAC paying his legal billsTrump owns nearly 80 million shares, or roughly 58%, of Trump Media, which operates his social media site Truth Social.

Early Monday, Trump appeared to be unable to put up the more than $550 million to secure a bond that would stop the state from moving to seize his real estate assets.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump can't secure $454 million appeal bond in New York fraud case, his lawyers sayDonald Trump cannot fully secure his $454 million civil business fraud judgment, his attorneys said in a court filing. The lawyers for Trump and his…
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Alleged billionaire Trump can't post 'impossible' $454 million bond for civil fraud judgment:Donald Trump’s lawyers told a New York appellate court Monday that it's impossible for him to post a bond covering the full amount of his $454 million civil
Source: amNewYork - 🏆 336. / 59 Read more »