Make Donald Trump rich(er) again.
Shares worth billions of dollars from Trump Media & Technology Group’s merger with Digital World Acquisition Corp. and a reduction in the bond that the former president must post in a New York civil fraud lawsuit increased his net worth by more than $4 billion Monday, catapulting him into the world’s wealthiest 500 people on the Bloomberg Billionaires Index for the first time.
Trump estimated his fortune at $6.5 billion, an increase of more than $4 billion.
That’s a massive uptick from his previous high of $3.1 billion, which consisted mostly of his real estate holdings. Trump and his company were accused of grossly inflating the value of those holdings to get better loan and insurance terms in the civil fraud suit.
Trump lost at trial in February and was supposed to post a bond of more than $500 million, but a state appeals court slashed that amount to $175 million Monday.
“We have a great company and are incredibly honored,” Eric Trump, executive vice president of the Trump Organization, said in a statement to Bloomberg.
