Trump Net Worth Hits All-Time High

The American Lookout Headlines homepage has 60 new headlines every 24 hours - click here to see it.

Donald Trump’s net worth has soared.

As of Thursday, May 9, 2024, his net worth was $8.84 billion.

This is an all-time high.

The gain in net worth comes from Trump Media shares rising.

Nairamertics reported:

Former President of the United States of America, Donald Trump is now worth a hefty $8.84 billion, marking an all-time high for his net worth.

This is all thanks to Trump Media shares which rose by over 10% as of Thursday, May 9, 2024, reaching their highest closing price since late March and substantially boosting former President Donald Trump’s net worth according to data tracked on the Bloomberg Billionaire index.

Closing up more than 10% at $54.39, Trump Media’s stock experienced its fourth-highest closing price of the year, a significant rebound from its April slump.

The notable significance is Trump’s increased stake in Trump Media, with his holdings now consisting of 114.8 million shares in the parent company of Truth Social, valued at $5.6 billion—the highest value it has ever reached. This remarkable turnaround follows a period of decline earlier in the year, with the stock plummeting to $22.84 per share in mid-April, coinciding with a decrease in Trump’s net worth to $3.8 billion.