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Former President Donald Trump’s net worth continues to rise after the merger between Trump Media & Technology Group and Digital World Acquisition Corp. on Monday. Trump’s net worth has jumped by $4 billion in the current year, surpassing leftist financier George Soros while closing in on Dallas Mavericks owner Mark Cuban.
Trump’s net worth has surged to $7.2 billion in 2024, according to the Bloomberg Billionaires Index.
Trump ranked 377 on the list as of market close on Tuesday, surpassing billionaires like Home Depot co-founder Bernie Marcus ($6.9 billion) and Netflix co-founder Reed Hastings ($6 billion).
The former president’s wealth has shot up after the merger of Trump Media & Technology Group, which is most widely known for Trump’s X alternative Truth Social, and Digital World Acquisition Corp. earlier this week. Trump currently owns 78.75 million shares of the new DJT stock, which surged by more than 70% on its first day on the NASDAQ.
While shares of DJT dropped by roughly six percent as of market close on Thursday, the stock still finished the week up by nearly 40 percent. The stock’s surge has predominantly been credited to retail investors, analysts have said.
If DJT continues to climb when markets return after the Easter holiday, the former president’s net worth could surpass that of George Soros ($7.2 billion) and Mark Cuban ($7.3) billion on the Bloomberg list. According to some analysts, Trump’s net worth has already surpassed $7.3 billion.
Continued success would also place Trump not far behind New England Patriots owner Robert Kraft and Star Wars founder George Lucas, both of whom are worth roughly $8.3 billion.
BREAKING: Donald Trump is now richer than Mark Cuban pic.twitter.com/9tzdYoqaMK
— ALX 🇺🇸 (@alx) March 28, 2024
Trump Media & Technology Group has a “lock up” https://twitter.com/alx/status/1773477161183162848period that prevents its bosses from selling shares for the next six months. Its board has the ability to waive or reduce the wait period, however.