Deborah Akinyosoye
Donald Trump’s net worth has hit an impressive $7 billion, thanks to the soaring value of his media company, Trump Media & Technology Group (TMTG).
The stock price of TMTG, which owns the social media platform Truth Social, increased by over 20%, specifically by $865 million on Monday, January 13, 2024, closing at $42.91—its highest point in months.
Trump owns 57% of TMTG, and this stake has become a major driver of his wealth. The company’s stock has experienced wild swings over the past year, with prices ranging from a low of $12.15 to highs exceeding $50. Experts believe the volatility mirrors Trump’s political career, with his public moves often influencing market performance.
Beyond his media empire, Trump’s fortune includes a glittering real estate portfolio, featuring iconic properties like Mar-a-Lago and Trump Tower.
He also rakes in millions from speaking engagements, book deals, and licensing agreements. In the digital space, Trump has capitalized on NFTs, earning $7.2 million from licensing deals and holding up to $5 million in Ethereum assets.
This surge has placed Donald Trump as one of the richest individuals to be in a great political position and also be a business mogul.