With the closing of a 29-month-long SPAC deal involving his social media company, Trump Media & Technology Group, and the lowering of the bond required in his New York civil fraud trial to appeal a $454 million legal verdict, former President Donald Trump’s net worth surpassed $6.4 billion on Monday.
Furthermore, even though Trump’s gains from the SPAC deal with the Digital World Acquisition company. may only be theoretical (any significant sales after his six-month lockup is over would probably destroy the price), the $4 billion increase was sufficient to get him added to the Bloomberg Billionaires Index, which ranks the 500 richest people in the world.
Trump received approval to appeal the NY civil trial about his real estate, with a greatly lowered bail demand of $175 million. Trump promptly responded by saying he would post it.
A deal with the SEC and last-minute litigation from executives and investors did not prevent the SPAC merger from going through.
For Democrats, the timing could not be worse: the Biden campaign of 2024 chose this precise moment to mimic Trump’s slurs and nickname the outgoing president “Broke Don.” Even former President Barack Obama basically acknowledged that Biden’s campaign team is a bunch of idiots, so it appears that they need to start again. That was based on a new campaign finance report that revealed Biden outraised Trump in February.
Or not, as long as there are things like curbside voting and vote drops that arrive at 2 a.m. that are meant to be kept under wraps.
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