Donald Trump's Net Worth Up $4 Billion After Truth Social Deal, Now Among 500 Richest In The World
Donald Trump is now one of the 500 wealthiest people in the world.
The former president made it on the Bloomberg Billionaires Index after his net worth increased by more than $4 billion in recent days, Bloomberg reported.
This brought Trump's total net worth, which previously peaked at $3.1 billion, to an estimated $6.5 billion as of Monday, accorrding to the outlet.
The jump in Trump's fortune was attributed to Trump Media and Technology Group's recent merger with Digital World Acquisition Corp. (DWAC).
Trump has a 58% stake in his social media company, which runs Truth Social.
DWAC shares were priced at $49.95 Monday, which meant Trump's stake is worth $3.9 billion, Bloomberg said.
"We have a great company and are incredibly honored," Trump Organization executive vice president Eric Trump said in a statement obtained by the outlet.
Trump Media and Technology Group is set to start trading on the Nasdaq exchange Tuesday, NPR reported.
It is expected to have a market value of around $5.5 billion, according to USA Today.
Prior to the merger, Trump's fortune mostly consisted of his real estate properties.
The news comes as Trump scored a legal victory Monday.
A New York appeals court ruled he could post a reduced bond of $175 million within 10 days to appeal the massive civil fraud judgment against him, CNN reported.
Trump was previously expected to post a total bond of more than $500 million by Monday, and would have faced possible seizures of his real estate and other assets if he failed to do so.
While speaking to reporters Monday, Trump said, "It will be my honor to post, and we'll post whatever is necessary, whether it be cash, security or bond," according to the New York Post.
Trump also declared, "I have a lot of cash," during a press conference later in the day.
"We'll put up cash or bond very quickly, securities, cash, or bond, whatever it is," he added. "We'll put it up very quickly and we'll win the case."
A judge fined Trump, his two older sons, and his company more than $464 million, including interest, after finding that they fraudulently inflated the value of the billionaire's assets in order to dupe banks and insurers.
Posting the bond means Trump will have until September to file the appeal.
It also puts on hold other parts of the judgment, including the penalties barring Trump and his sons from running a business in New York and getting loans from financial institutions in the state.
During a hearing for a separate case Monday, a judge dismissed Trump's motion to toss out the indictment in his hush-money case or delay the trial.
The judge set the trial date for the case for April 15.