2 weeks Ago
Topline 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. Key Facts Get Forbes Breaking News Text Alerts : We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here.
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).
