77 years old Donald Trump has just profited $4 billions. Shares in his media company $TRUMP MEDIA & TECHNOLOGY GROUP CORP(DJT)$ soared as the firm made its formal debut on the stock market.
DJT Shares surged as much as 59% past $70 on early Tuesday in their Nasdaq debut, lifted by the firmer U.S. president's supporters.
The long-awaited moment hands the former president a stake worth more than $4bn.
Wall street noted that DJT share price is far more than the firm's performance warrants. DJT's Truth Social media platform only generated $1.06 million in revenue during the third quarter of 2023.
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