Regulatory filings show that former President Donald Trump increased his stake significantly in the company behind his social media platform Truth Social, with the former president now owning nearly 65 percent of Trump Media & Technology Group (TMTG) and becoming about $1.8 billion richer.
President Trump, who faces mounting legal bills from a bevy of court cases that he says are part of a plot to undermine his presidential comeback bid, has secured an additional 36 million shares of TMTG, increasing his stake to 114.75 million shares, according to a Securities and Exchange Commission filing made on April 30.
