Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Shares In Truth Social Parent Trim Initial Gains But Still Impress In Nasdaq Debut, Boosting Value Of Donald Trump’s Majority Stake To $4.5B
deadline.comShares in Truth Social parent Trump Media & Technology Group gave back most of their initial gains but still posted a strong debut on the Nasdaq, boosting the value of Donald Trump‘s majority stake.
The start of trading for the stock, which resulted from a SPAC merger finalized last week, was not accompanied by the usual Wall Street pageantry of an opening-bell ringing ceremony or grip-and-grin photography.
Still, a surge of initial interest in the stock Tuesday morning prompted market officials to briefly halt trading. Once it resumed, shares eventually pulled back after rising as much as 50%, posting a 16% increase to finish the day at $57.99.
At that price, Trump’s roughly 60% stake in the company would be worth about $4.5 billion, a conveniently timed windfall given the former president’s many legal obligations.
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