Trump’s Net Worth Could Triple

FILE PHOTO: Republican U.S. presidential candidate Donald Trump speaks during a news conference at his Trump National Golf Club in Jupiter, Florida, March 8, 2016. REUTERS/Joe Skipper/File Photo

Trump’s Net Worth took a hit when he became president.

The smears from the media and attacks from the Deep State made it hard for his business to still run at a high level.

However, that might be changing.

DWAC stock exploding his Net Worth could jump to $7.3 billion.

From Newsmax:

The special purpose acquisition company (SPAC) tied to Donald Trump’s DWAC stock could more than triple the net worth of the former president of the United States, from $2.5 billion to $7.3 billion, Business Insider reports.

Trump is reportedly set to receive a 58% stake in Trump Media & Technology Group (Digital World Acquisition Group; ticker DWAC) Bloomberg says. The 45th president of the United States’ net worth is currently $2.5 billion, according to the Bloomberg Billionaires Index. The deal will more than triple that.

This is only the beginning — billions more will line Trump’s pockets, Bloomberg says. If the meteoric rise of DWAC on its initial public offering (IPO) last week is any indication, the investing public is keen on joining a Trump-backed venture. DWAC opened at $10 and topped $100 midday Monday, Oct. 16, qualifying it as a “meme stock,” according to Business Insider.

Digital World Acquisition Group’s press release estimates that its initial value will be $875 million “with a potential additional earnout of $825 million in additional sahres [at the valuation they are granted]”.

The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions. You can help us beat Big Tech by following us on GETTR , Telegram, and Rumble.


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