“Donald Trump’s business empire was supposed to be in peril like never before on Monday. Instead, it turned into the single-greatest day on record for the former president’s wealth,” Bloomberg reports.
“Facing a deadline to post a bond of more than $500 million in a New York fraud lawsuit, a state appeals court tossed him a lifeline, slashing the amount he’d have to post to $175 million — an amount he says he’ll cover. Around the same time, his social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of dollars on paper are now officially Trump’s.”
“All told, his net worth will increase by more than $4 billion. That means for the first time ever, Trump is set to join the ranks of the world’s wealthiest 500 people on the Bloomberg Billionaires Index, with a fortune of $6.4 billion.”
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