Donald Trump can secure a bonus worth 1.3 billion dollars today, equivalent to 13 billion kroner. It is about his now-listed Truth Social – a company that was born out of him being thrown out of Twitter and Meta himself – and an allocation of 36 million shares.
Everything suggests that he will collect the big bonus. The stock only had to trade at $17.50 for 20 of the first 30 days after the company went public via a spac in late March. Trump Media closed at $35.50 last night.
The stock bonus corresponds to about half of the majority stake that the former president already owns in Trump Media, writes Reuters.
There’s just one catch. Donald Trump has to hold out a little longer before he is kicked out. The stock market’s lock-in rules mean the Republican cannot sell for six months. That is to say: He must at least hold out until the election spurt in September.
Donald Trump is not only current as a social media entrepreneur. He may see the share price as a litmus test of how much support he has among the American people ahead of the presidential election in November. Personally, with the listing, he has increased his paper fortune enormously and taken a place among the 500 richest people in the world, according to Bloomberg.
Including the new bonus, the value of Donald Trump’s holdings in Trump Media should amount to 4.1 billion dollars, corresponding to more than 40 billion kroner. It is money that comes in handy considering the many legal disputes that have piled up around the ex-president.
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