Donald Trump significantly increased his fortune to $5.1 billion within a year through strategic maneuvers in social media and cryptocurrency.
Truth Social’s Public Debut
Trump Media & Technology Group (TMTG), the company owning Truth Social, went public through a merger with Digital World Acquisition Corp. (DWAC), a SPAC. Despite limited revenue and ongoing losses, the stock soared on political expectations, significantly boosting Trump's stake.
Trump's Cryptocurrency Ventures
Donald Trump launched successful cryptocurrency projects, World Liberty Financial (WLFI) and the $TRUMP token. WLFI targeted underserved communities and brought Trump approximately $245 million after taxes. The $TRUMP token launch secured significant revenue growth from speculative trading and media attention.
Liquidity Boost
The public offering of Truth Social and cryptocurrency ventures provided Trump with nearly $800 million in liquidity, helping him manage financial challenges such as legal expenses and debt payments.
Donald Trump's financial success demonstrates his ability to leverage public interest and cryptocurrency projects to significantly increase his capital.
