Trump to Double Net Worth With Truth Social Going Public

Shareholders voted to take the social media platform public.
Trump to Double Net Worth With Truth Social Going Public
Former President Donald Trump speaks to the media after voting at a polling station in Palm Beach, Fla., on March 19, 2024. Joe Raedle/Getty Images
Andrew Moran
Updated:

Former President Donald Trump is expected to gain $3 billion, doubling his net worth, as a result of a windfall from his social media outlet, Truth Social, going public.

Investors voted to approve a merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group (TMTG), the owner of Truth Social. The newly combined company could begin trading on the Nasdaq Composite Index as early as next week under the DJT ticker, the same symbol used for Trump Hotels & Casino Resorts before it filed for bankruptcy protection in 2004.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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