Trump’s Net Worth Rises by $1 Billion After Assassination Attempt

On Monday, former President Donald Trump witnessed a remarkable increase in his net worth, with an additional $1 billion added to his financial portfolio. This surge comes in the wake of a dramatic rise in the shares of Trump Media, the parent company of Truth Social, the social media platform he is closely associated with. The stock price of Trump Media & Technology Group saw a notable increase of 32%, reaching just below $41 per share by early afternoon, around 1:15 p.m. This gain represents one of the company’s most significant increases this year, second only to a 35% rise observed on March 25. The recent spike in stock value has significantly bolstered the worth of Trump’s stake in the company, which currently stands at nearly 65% of the total shares, amounting to 114.75 million shares.

The recent trading sessions have seen Trump Media’s shares fluctuate notably. As of June 12, the shares were valued at over $40, which translated to a valuation of Trump’s stake at nearly $4.7 billion. However, the stock experienced a significant downturn last week, falling below $28 per share. This volatility makes the recent 32% gain even more pronounced and noteworthy.

Currently, Trump’s net worth is estimated at $6.6 billion, positioning him among the top 500 wealthiest individuals globally, based on the latest evaluations. This figure represents a substantial increase from earlier in the year. When Trump Media went public on March 26, Trump’s net worth spiked to over $8 billion, largely due to the stock reaching a peak price of $79.38. Since then, the value of Trump Media has been estimated to fall within the range of $40 million to $90 million.

The substantial increase in Trump’s net worth comes on the heels of a harrowing incident on Saturday in Butler, Pennsylvania. During a rally, Trump was the target of an assassination attempt, resulting in one fatality and two serious injuries among attendees. The attack has drawn widespread condemnation and calls for a swift and comprehensive federal investigation. Trump Media’s CEO, Devin Nunes, has strongly criticized the attack, denouncing it as an act of “cowardice” and advocating for increased security measures. In response to the attack, there have been heightened concerns about Trump’s safety, leading to calls for enhanced security arrangements at this week’s Republican National Convention.

In the wake of the assassination attempt, Trump’s campaign has issued a memo affirming that the Republican National Convention will proceed as scheduled. The campaign has announced plans to implement new security protocols, including additional security personnel and increased measures to ensure the safety of staff and attendees. Trump is scheduled to address the convention on Thursday, where he will accept the party’s presidential nomination for a third term. The anticipation surrounding his speech is expected to be heightened by the recent events, and it is also anticipated that Trump will reveal his choice for vice-presidential candidate on Monday afternoon.

This situation underscores the volatility and unpredictability of both Trump’s financial fortunes and his public life. The dramatic increase in Trump Media’s stock price, coupled with the serious security threat against him, reflects the complex interplay of factors influencing both his financial standing and his political career. As Trump prepares for a pivotal moment in his political journey, the combination of rising stock value and heightened security concerns marks a significant period in his life and career.