Trump Wins Again!
Mar 26, 2024 12:54:18 #
Trump Joins Bloomberg's 500 Wealthiest Post-Merger; Net Worth $6.5B
Former President Donald Trump's wealth surged after his social media company, Truth Social, merged with a special-purpose acquisition company (SPAC), paving the way for a public listing on the Nasdaq.
The deal significantly boosted Trump's financial status, landing him on Bloomberg's list of the world's 500 richest individuals with an estimated net worth of around $6.5 billion. Trump, who holds approximately 58% of the new entity, saw his stake valued between $3 billion and $4 billion.
The merger, concluded after extensive negotiations and legal challenges, marks a notable shift in Trump's financial portfolio, traditionally dominated by real estate. The financial boost comes at a critical time amid Trump's recent legal and financial challenges.
Trump can neither sell shares nor use them as collateral for at least six months due to a lockup, a business-deal provision commonly used to boost investor confidence and quell concerns that major shareholders will sell soon after a deal closes, according to The Washington Post.
The media company will debut under the stock ticker "DJT." Libs must be pooping their depends!
Former President Donald Trump's wealth surged after his social media company, Truth Social, merged with a special-purpose acquisition company (SPAC), paving the way for a public listing on the Nasdaq.
The deal significantly boosted Trump's financial status, landing him on Bloomberg's list of the world's 500 richest individuals with an estimated net worth of around $6.5 billion. Trump, who holds approximately 58% of the new entity, saw his stake valued between $3 billion and $4 billion.
The merger, concluded after extensive negotiations and legal challenges, marks a notable shift in Trump's financial portfolio, traditionally dominated by real estate. The financial boost comes at a critical time amid Trump's recent legal and financial challenges.
Trump can neither sell shares nor use them as collateral for at least six months due to a lockup, a business-deal provision commonly used to boost investor confidence and quell concerns that major shareholders will sell soon after a deal closes, according to The Washington Post.
The media company will debut under the stock ticker "DJT." Libs must be pooping their depends!
Mar 26, 2024 13:45:43 #
Strycker
Loc: The middle of somewhere else.
Darling Mary wrote:
Trump Joins Bloomberg's 500 Wealthiest Post-Merger... (show quote)
Poetic justice. The harder Democrats try to destroy Trump the more he wins.
Mar 27, 2024 21:00:12 #
Darling Mary wrote:
Trump Joins Bloomberg's 500 Wealthiest Post-Merger... (show quote)
So now they’ll raise the anti
Mar 27, 2024 21:00:32 #
Strycker wrote:
Poetic justice. The harder Democrats try to destroy Trump the more he wins.
Praise God!
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