Billionaire Donald Trump earned $ 600 million after leaving the White House
Former US President Donald Trump now has a new role – that of a technology entrepreneur. This can be considered a surprise for the 75-year-old billionaire – who doesn’t even use email, instead prefers to scribble notes with markers.
Trump is not afraid to take on projects with which he has little prior experience, and it seems that this is helping the former president earn more money than during his time in the White House.
According to the list of world billionaires in 2022, just published by the magazine Forbes announced, Donald Trump owns a net worth of 3 billion USD, up from 2.4 billion USD last year. He is currently ranked 1,012 in the world, up 287 places compared to 2021.
Former US President Donald Trump. Photo: AFP. |
Banned by Twitter, the former US President announced the creation of his own social network, called Truth Social, through Trump Media and Technology Group. In February, this social network officially went live and has more than 1 million downloads. Trump now has 835,000 followers on Truth Social – less than 1% of Twitter followers before.
He also just posted a status: “Get ready. Your favorite President will see you soon.” However, Forbes It is estimated that Truth Social alone has increased Trump’s fortune by $430 million in the past year.
Besides, Trump Media’s plan to merge with a SPAC (special purpose acquisition company) has helped the stock of this SPAC increase from 10 USD to more than 50 USD. Based on public documents, Forbes assumes that Trump owns at least 50% of the shares.
Because the deal hasn’t happened yet, the former US President cannot sell his hypothetical shares on the market. There is also some doubt as to whether the merger will happen. Both the US Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) are reviewing the deal.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
