Former President Donald Trump’s net worth surpassed $6 billion after his social media company Truth Social completed a merger and began trading publicly.
Trump owns over 60% of Truth Social parent company TMTG, which could be worth around $3 billion based on recent stock prices.
The successful public listing landed Trump on the Bloomberg billionaire index.
However, Trump is facing over $500 million in court fines and judgments and must post a $175 million bond within 10 days to appeal a $464 million civil fraud ruling.
Trump said he would pay the bond in cash or bond and criticized the rulings as politically motivated, claiming President Biden wants to interfere in elections due to unpopular policies.
“It will be my honor to post [the bond],” he said.
“I greatly respect the decision of the Appellate Division, and I’ll post either $175 million in cash or bond for security, whatever is necessary very quickly within the 10 days,” Trump added, “and I thank the Appellate Division for acting quickly, but Judge Engoron is a disgrace to this country and this should not be allowed to happen.”
“This is all about election interference. This is all Biden-run … meaning Biden and his thugs because I don’t know if he knows he’s alive,” Trump said. Biden “can’t win an election because of the borders, because of energy prices, because of inflation, because of Afghanistan,” he said, “So what they do is they do election interference.”
The merger and lawsuits represent a major financial shift for Trump.
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