Donald Trump is a lot poorer than he was yesterday — on paper at least.
Donald Trump’s net worth has shrunk by $1.5 billion as investors reacted to bad news about one of his companies.The former US president and presumed Republican nominee recently joined the ranks of the 500 richest people on the planet. His net worth jumped by $A5 billion on Thursday as his social media company Truth Media & Technology Group went public.
That’s a mere splash in the pond compared to the 1 billion people on Tiktok, 1.4 billion on Instagram and 2.2 billion on YouTube.Truth Social is massively overvalued, experts have warned. Picture: Getty Images via AFP “The underlying business doesn’t seem to be worth much. There is no evidence this is going to become a large, highly profitable company,”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump: How the least divided place in America feels about Trump’s returnIn the land of billionaires, of all political stripes, the only downside will be the traffic jams.
Read more »
Donald Trump to make $3bn if shareholders back plan to float Trump MediaEx-US president planning to list Trump Media & Technology Group if merger with special purpose acquisition company goes ahead
Read more »
Donald Trump to make $3.4bn if shareholders back plan to float Trump MediaEx-US president planning to list Trump Media & Technology Group if merger with special purpose acquisition company goes ahead
Read more »
Donald Trump: Trump Media merger wins investor approvalThe approval clears a near-final hurdle for Trump Media & Technology Group and a potential windfall for the former president.
Read more »
Donald Trump and US presidential election 2024: Australia can’t muddle through Trump 2.0A re-elected Donald Trump will be better prepared to reshape America’s place in the world. Australia and its allies must be ready too.
Read more »
Donald Trump, Truth Social: Trump Media tumbles as 2023 losses overwhelm modest salesTrump Media & Technology Group reported that it lost more than $US58 million on just $US4.1 million in revenue for all of 2023.
Read more »