Trump's social media company surges in trading debut in a big boost to Trump's wealth

Trump Media and Technology Group surged in its trading debut, substantially boosting the former president's wealth — at least on paper.News of Trump Media & Technology Group public trading is seen on television screens at the Nasdaq Marketplace on March 26, 2024 in New York City. At one point, the company was valued at over $9 billion after trading began.

Trading in Trump Media & Technology Group, the company behind the Truth Social app, was so frantic that it was briefly halted at one point. At the end of trading, Trump's stake was worth more than $4 billion — a paper gain that comes as he faces a slew of legal cases. But as of now, he won't be able to sell his shares for another six months.

Trump's real net worth has always been disputed however, making it hard to get a true sense of how much he's actually worth.While Trump stands to gain billions thanks to his more than 50% ownership of Trump Media, he can't sell just yet— unless he's able to renegotiate his current agreement.

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