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The Guardian - UK

World

Dan Milmo Global technology editor

Donald Trump to make $3.4bn if shareholders back plan to float Trump Media

Donald Trump Trump Media Digital World Joe Biden United States SPAC

Donald Trump — Trump’s finances are under pressure as he prepares to contest the US presidency with Joe Biden for a second time. Photograph: Chip Somodevilla/Getty Images

Donald Trump’s wealth is set to increase by about $3.4bn (£2.7bn) if a shareholder vote on Friday paves the way for the float of his Trump Media business.

The former US president is preparing to list Trump Media & Technology Group, which operates the Truth Social tech platform, via a merger with a special purpose acquisition company, or Spac.

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