Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.
Former President Donald Trump is now $1.8 billion richer. The boost to Trump's wealth comes thanks to his newly public company, Trump Media & Technology Group, whose main asset is the social media platform Truth Social. The company awarded Trump an additional 36 million shares as an 'earnout' bonus for the stock staying above $17.50 a share for any 20 trading days within a 30-trading day period, according to a Tuesday regulatory filing.
38 per share, followed by a weekslong slide that spurred CEO Devin Nunes to accuse some investors of manipulating the stock through an illegal type of short selling.But since last Monday, the stock has surged 43%, regaining some of that lost ground. Shares on Tuesday rose $3.24, or 7%, to $49.93. Still, Trump won't be able to cash out on his new fortune anytime soon.
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