CNBC: Trump's Net Worth Will Be $6.5B After Stock Increase of His Media Company (legal, dollars)
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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.
...
Trump owns nearly 80 million shares, or roughly 58%, of Trump Media, which operates his social media site Truth Social. At DWAC’s closing price Monday of $49.95 a share, Trump’s stock was worth $4 billion on paper.
The newly merged social media company said it will begin trading Tuesday under the ticker symbol DJT.
DWAC’s share price soared 35% in Monday trading, after a New York appeals court slashed the amount of cash the former president needs to get a bond saving him from having to immediately pay a $454 million civil fraud penalty.
So - let me understand.
He was banned from Twitter and started his own media company.
He has all of these lawsuits and charges against him - and times it just right to when the bond that was supposed to break him is lowered... and shortly afterwards becomes richer than he's ever been through the media company he created because Twitter banned him.
Talk about turning lemons into lemonade...
Now - he can't sell any stock for 6 months, so who knows what will happen between now and then.
Might be an attempted buy off to get him to drop the campaign. Trump's the only guy who didn't get richer going into politics.
Honesty has its drawbacks financially.
Might be an attempted buy off to get him to drop the campaign. Trump's the only guy who didn't get richer going into politics.
Honesty has its drawbacks financially.
Why would he do that?
He is obviously creative enough to make money just about whenever he puts his mind to it.
He understands that giving in to them is not the long term answer.
'Create your own Twitter' - they shouted at him while he hung on the social media cross Twitter made for him. Well, he did.
One of the greatest counterpunchers of all time. Trump is close to his best when you take a swing at him, but at his absolute best when you actually land a punch.
In any fight in any arena, the best thing you can do with him is let him wander around looking for a fight, and the worst thing you can do is actually go at him.
Seriously, find even half a dozen better counterpunchers in business/politics history. It's his greatest skill. He sucks at throwing the 1st punch, but is the Sith lord of countering a punch thrown at him.
The best thing that could happen for Trump would be if it got out that several wealthy Democrat donors took short positions on his stock.... not learning from the "GameStonks" fiasco.
Trump supporters could then buy the stock to donate to Trump while at the same time costing DNC donors a fortune if that happens..... all while feasibly making a profit at the same time
If $DJT stays over $17.50 for the next 30 days, Trump gets a bonus of another ~1.5 billion.
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