Due to financial difficulties with his presidential campaign, Donald Trump has suddenly found himself in the midst of legal penalties and operating losses in his enterprises.
But despite these difficulties, Trump’s fortune increased on Monday afternoon, according to CNBC, rather than declining.
According to Bloomberg, a global list of the 500 richest individuals in the world, Trump’s net worth increased by almost $4 billion to over $6.5 billion when he attended the ruling of his New York civil fraud case on Monday.
The recent merger of Trump Media and Technology Group, his social media business, and Digital World Acquisition Corp., also known as DWAC, a shell corporation, was the reason for this rise.
At DWAC’s closing price of $49.95 per share on Monday, the 77-year-old Republican presidential candidate’s stock was worth $4 billion on paper. Trump networking, which runs his social networking site Truth Social, is over 58% owned by him.
A New York appeals court lowered the bail amount required, sparing the former president from having to pay a $454 million civil fraud penalty. As a result, DWAC’s share price increased by 35% on Monday.
