BREAKING: Trump Set To Receive $1.25 Billion In Truth Social Stock

Presumptive GOP nominee Donald Trump is on the brink of a monumental financial windfall. An 'earnout' bonus is set to grant him access to a staggering 36 million shares of Trump Media and Technology Group, currently trading as the ticker 'DJT' at approximately $35 a share. This bonus, a game-changer for a man running a costly presidential campaign, could potentially make Trump over a billion dollars richer. The stock, which initially opened at around $70 before soaring to about $80, has experienced some fluctuations in recent weeks but has consistently remained above the $17.50 benchmark for 30 days, thereby paving the way for the bonus to be awarded to Trump.

The 36 million shares given to Trump are in addition to the 78.75 million shares he already owned, making him by far the company's biggest shareholder. With the infusion of stock in the coming days, Trump's net worth will increase dramatically, given that the total value of his holdings equates to over $4 billion at the current stock price.

"Assuming the full issuance of the Earnout Shares, President Donald J. Trump will receive 36,000,000 Earnout Shares," the company explained in a securities filing, per CNBC. The Trump Media and Technology group merged with Digital World Acquisition Corp. last month after being approved by shareholders.

Truth Social, a platform that emerged in early 2022 in response to the decision by major social media companies to ban Trump at the end of his presidency, has reported about $3.5 million in revenue over the first three quarters of 2023 and $49 million in losses over the same period. The company's stock price experienced a boost last week after the announcement of its plans to launch a streaming platform. This platform, as Truth Social CEO Devin Nunes explained, will be a beacon of free speech, ensuring that creators aren't silenced. "There is a lot of great content that simply can't find an audience for unjust reasons, and we want to let these creators know they'll soon have a guaranteed platform where they won't be canceled," he said. 

In a statement, the company added that the service will include "news networks; religious channels; family-friendly content including films and documentaries; and other content that has been canceled is at risk of cancellation, or is being suppressed on other platforms and services."

Trump's net worth will increase significantly thanks to the earnout bonus and the general success of the company's stock price. Despite this, however, Trump will be unable to pull money out of the stock due to a "lock up" provision that would not allow him to sell his shares until six months after the merger. Nevertheless, the increase in Trump's net worth led him to join a prestigious list of some of the wealthiest people in the world, with the former president having a similar net worth to Joe Ricketts, Gordon Getty, and Tony James, as previously reported by the DC Enquirer

You can follow Sterling on X/Twitter here.

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