Trump's net worth surges to $6.4 BILLION to make him one of the world's 500 richest people for the first time after he completed his social media company's lucrative merger.
Donald Trump's net worth is shooting up even as he is forced to assemble piles of cash to pay court judgments – now climbing onto at least one coveted billionaire's list.
The former president's net worth has climbed to $6.4 billion following last week's announcement that Digital World Acquisition shareholders voted the special purpose acquisition company to merge with the Trump firm that owns his Truth Social platform.
After a jump in its stock price, Trump's net worth jumped by an astonishing $4 billion – which comes on top of his golf, real estate, and branding empire.
The timing couldn't be better for Trump, says he has almost $500 million in cash and has 10 days to come up with $175 million after a New York appeals court slashed a $454 court judgment against him.
Even that lesser amount could be a pinch. Trump recently posted bond for a $91 million payment in the E. Jean Carrol defamation case. He must pay both amounts pending his appeals of verdicts against him.
Trump already has an empire that includes golf properties in Florida and Scotland, plus buildings including Trump Tower and 40 Wall Street, where Trump on Monday held a wild press conference where he said he would use cash, securities, or a bond to pay the $175 million amount.
Even with that outlay, Bloomberg added Trump to its list of the world's 500 richest people.
The main driver was the stock price of the merged company, which will be publicly traded on the NASDAQ starting Tuesday.
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