How Ex-President Donald Trump is Getting Richer Again – Read The Story

The Launch of TRUTH SOCIAL 

Donald Trump has got a new title lately known as the Tech Entrepreneur. After following a ban from Twitter, the former President created a new social media platform, and he broke this news in October 2021. The Truth Social uses Trump Media and Technology Group and the address of Palm Beach club, Mar-a-Lago, as its address.

Since February, this revenge App has been running, and  Trump has 835,000 followers. The number is only 1% less from his past Twitter handle. Furthermore, the App is available on all platforms, available for download, and glitch-free. Surely, this App led to an increase in his net worth by $430 million.

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He has posted only once in his new App: “Get Ready. Your favorite President will see you soon!”. Ironically, Trump, the lover of new ventures, is a 75-year-old man who completely prefers notes and pens over electronic media. He doesn’t even like to use e-mail. Yet, humorously, he is into this project with his heart and soul to prove that he can still manage and slay the haters.

Interesting Facts About Trump’s Financial Growth

According to the data, Trump’s net worth was $4.5 billion in 2016 when he became the President of the USA. During this period, he lost money and came down to $2.1 billion in 2020. His wealth rose marginally, to $2.4 billion, in 2021, his first year out of office. The major factors are the Truth Social App and his investments.

Trump also mentioned from time to time that being President is costing him money. Some of his exact words are, “I told one of my friends, a very rich friend, I said, ‘You know, I bet you it cost me $2 or 3 billion, and it’s worth every penny,‘” Trump told Fox News in 2018. “I don’t need the money, and it’s worth every penny because I’m doing a lot for the country.

Further Factors Responsible for Trump’s Becoming Richer

Former President Donald Trump has amazing real estate properties in New York, San Francisco, Miami, and other top-notch places. The properties have been experiencing all-time high rates for the past few years. 

Also, Trump media is all set to merge with SPAC, which retail traders love. The crazy retailers are boosting their shares from $10 to more than $50. Trump probably owns 50% of the claims. The Securities and Exchange Commission and the Financial Industry Regulatory Authority will investigate the deal. It’s great news for Trump, and it will lead to some good money.

All these factors are leading to an increase in his net worth. You will be surprised to know that Mr. Trump is now the 1,012th richest person against all odds.

Bonus Tips

Donal Trump is, ofcourse, a very interesting personality, and his ventures of the Truth Social App, stock market, and other assets are all contributing to his wealth. He has very few loans, and the interest rate is low. So, let’s see the future of the App and Trump’s Wealth in the coming time!