Donald Trump’s Net Worth Rises $460 Million As Trump Media Shares Surge

Former President Donald Trump’s net worth jumped $460 million Friday as his media company, Trump Media & Technology Group, continued a five-week-long rally from the record lows it hit last month.

Trump Campaign
Donald Trump walks out to speak at a Turning Point Action Rally in Duluth, GA.
The Washington Post via Getty Images
Key Facts

Trump’s estimated net worth is up $459 million, a 7.5% increase, bringing his net worth to $6.6 billion.

The boost coincides with a strong day of trading for Trump Media, which closed up more than 11% at $38.95.

It is unclear what contributed to the jump in Trump Media shares, which have risen more than 30% in the last five days of trading, though the gains over the past few weeks have come as the former president has surged in betting odds for the 2024 election, surpassing Vice President Kamala Harris as the odds-on favorite.

Trump’s net worth is up more than $2.5 billion since the middle of September, when the former president’s net worth dropped alongside Trump Media’s stock.

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Big Number

More than 200%. That is how much Trump Media shares have spiked since Sept. 23, when they reached a record low of $12.15.
Tangent

The betting odds on betting platform Polymarket favoring Trump to win the 2024 election rose to 66% early this week, marking their highest level since President Joe Biden withdrew from the presidential race in July. His odds are down to 65% as of Friday.
Key Background

Trump’s net worth is significantly tied to the performance of his media company’s stock, which has proven volatile since it went public in March. The firm’s stock price has more than tripled in the last five weeks, providing a boon for Trump’s net worth as he owns almost 115 million shares valued at about $4.4 billion as of Friday. Trump Media has performed well since the former president vowed last month to not sell his shares in the company despite a lockup period that prevented him from doing so ending last month.
Further Reading

Here’s How Much Trump Has Made By Not Selling His Truth Social Stock (Forbes)

Trump’s Polymarket Election Odds Top 65% – As Site Investigates Big Bets (Forbes)

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Antonio Pequeño IV is a reporter who covers breaking news, with a focus on
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