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

by 24USATVMarch 26, 2024, 9 a.m. 22
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Former US President Donald Trump arrives at 40 Wall Street after his court hearing to determine the date of his trial for allegedly covering up hush money payments linked to extramarital affairs in New York City on March 25, 2024.

Donald Trump faces hundreds of millions of dollars in legal penalties, his presidential campaign is confronting a cash crunch and his businesses have reported operating losses for years.

But on Monday afternoon, Trump was richer than he has ever been.

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

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 as DWAC .

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