Trump Media Company Surges in Market Debut, Boosting Former President's Net Worth

Shares in Trump's new media company, Trump Media & Technology Group, surged over 50% in its stock market debut, valuing Trump's stake at nearly $6 billion.

The company is the result of a merger between Trump's social media platform Truth Social and a blank-check company called Digital World Acquisition Corp.

The surge comes despite Trump's company losing $10.6 million in the first 9 months of 2022.

An appeals court agreed to let Trump post a reduced $175 million bond while he appeals a civil fraud judgment, preventing seizure of his assets.

Trump's net worth has now surged to $6.5 billion after the stock market debut, earning him a spot on the Bloomberg Billionaires Index.