Donald Trump’s estimated $4 billion earnings from his 2024 presidential campaign have raised eyebrows and sparked speculation. Despite recent civil fraud judgments and defamation cases against him, Trump has managed to make a staggering sum of money, largely driven by the publicity from his campaign for the White House.
One of the main contributors to Trump’s windfall is the forthcoming initial public offering (IPO) of his social-media platform, Truth Social. Launched in 2021 after being kicked off Twitter, Truth Social has gained approval for its IPO from the Securities and Exchange Commission. The platform will go public through a merger with Digital World Acquisition Corp, a blank-check company.
According to SEC filings, Trump personally stands to gain 79 million shares in Truth Social, currently valued at $48 per share. This values his stake in the company at $3.8 billion. The value of these shares has skyrocketed since Trump’s victory in the Iowa caucuses, rising from just $17 in early January. If the stock stays above $17.50, Trump and his partners will receive an additional 40 million shares, currently valued at $1.9 billion.
The stock’s boom can be attributed to traders riding the Trump hype train and speculating on his potential return to the White House. During his first term, Trump effectively used Twitter as a semiofficial presidential communication tool, with his tweets permeating the culture. Twitter’s value tripled during his presidency, reaching $40 billion.
Trump’s windfall from Truth Social comes at a convenient time as he faces significant fines and mounting legal costs. He is currently involved in four criminal trials, including charges related to attempts to overturn the 2020 election result and mishandling classified documents. Trump’s access to his new billions from Truth Social may be challenging when it comes to paying legal fees, but he could potentially borrow against his shares.
The timing of Trump’s windfall is intriguing, with some speculating that the establishment’s indictments against him have provided him with an advantage in the Republican presidential race. The publicity surrounding his legal troubles may have given him an edge and led to his significant financial gain. It raises questions about whether the establishment and Trump are working together, with the rest of society being played as a result.
In conclusion, despite recent legal troubles, Donald Trump has managed to amass a substantial fortune from his 2024 presidential campaign. The IPO of Truth Social has proven to be a lucrative venture, with Trump’s personal stake in the company valued at $3.8 billion. The stock’s boom can be attributed to speculation surrounding Trump’s potential return to the White House and his successful use of Twitter during his first term. While Trump faces significant fines and legal costs, his newfound wealth may help offset these expenses. The timing of his windfall raises suspicions about collusion between Trump and the establishment, leaving many wondering if they are being manipulated.
