Article 6KGXD Donald Trump to make $3.4bn if shareholders back plan to float Trump Media

Donald Trump to make $3.4bn if shareholders back plan to float Trump Media

by
Dan Milmo Global technology editor
from World news | The Guardian on (#6KGXD)

Ex-US president planning to list Trump Media & Technology Group if merger with special purpose acquisition company goes ahead

Donald Trump's wealth is set to increase by about $3.4bn (2.7bn) if a shareholder vote on Friday paves the way for the float of his Trump Media business.

The former US president is preparing to list Trump Media & Technology Group, which operates the Truth Social tech platform, via a merger with a special purpose acquisition company, or Spac.

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