Trump Scores $1.8 Billion Windfall as He Boosts Stake in Truth Social, and Rally Sends Stock Price Soaring

Regulatory filings show that former President Donald Trump increased his stake significantly in the company behind his social media platform Truth Social, with the former president now owning nearly 65 percent of Trump Media & Technology Group (TMTG) and becoming around $1.8 billion richer.

President Trump, who faces mounting legal bills from a bevy of court cases that he says are part of a plot to undermine his presidential comeback bid, has secured an additional 36 million shares of TMTG, increasing his stake to 114.75 million shares, according to an Securities and Exchange Commission filing made on April 30.

The move brings his stake in the company that operates Truth Social from 57.6 percent to 64.9 percent. It also means he’s amassed an additional $1.8 billion on paper, bringing the value of his TMTG stake to just over $5.7 billion, according to the latest price of nearly $50 per share.

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