Donald Trump's Net Worth Increases by $600 Million in a Month
President Donald Trump’s net worth has increased by approximately $600 million since June, largely due to the rising value of his stake in Trump Media & Technology Group (TMTG). Forbes reports that this surge is attributed to TMTG's stock price climbing nearly 49% from its low on June 26. As of August 1, shares closed at $10.38 compared to a previous closing of $6.96. The growth in Trump’s net worth comes as his ownership stake in the company has slightly decreased due to dilution since TMTG's public listing but remains significant at around 52%. His holding is now valued at approximately $1.49 billion, up from about $1 billion earlier this month. The rise coincides with the launch of Truth API on July 17, a new data service offering real-time access to posts from major accounts on Trump’s social media platform. Truth API has drawn criticism for potentially giving institutional investors an unfair advantage by providing faster access to market-moving information before it reaches retail traders. TMTG claims this will generate recurring revenue and add value for shareholders.
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