Former President Donald Trump is on the cusp of scoring a major financial bonanza – at least on paper.
As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track to receive another 36 million shares as the owner of Truth Social.
This milestone is on track to be hit after the market closes on Tuesday.
Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices.
Trump’s net worth has been on a roller coaster ride ever since his social media company finalized its deal to go public late last month. The former president is the dominant shareholder in a stock that has been called a “meme stock on steroids.”
Even if he makes a billion, the two judgments against him is like ~$700 million. The other trails fines and legal fees will be in the billions as well.
Nah, the GOP and PACs will pay for it all. Trump’s a drifter, he doesn’t pay his bills.
Haven’t you heard?! The GOP is broke as well. Trump has more money than they do at the moment.