Trump Media Deal Propels Former President Onto Billionaire List

Truth Social owner Trump Media & Technology Group has finalized its deal to go public, creating a $4 billion windfall for Trump and doubling his net worth.

Trump for the first time joined the Bloomberg Billionaires Index list of the world's 500 wealthiest people, with an estimated $6.5 billion net worth.

Shares of Digital World Acquisition Corp, the shell company acquiring Trump Media, surged over 20% on the news, valuing Trump's stake at $4 billion.

Trading of the combined public company under the ticker "DJT" on the Nasdaq begins Tuesday.

Experts warn the market is overvaluing Trump Media given its limited revenue and shrinking user base on Truth Social.