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Axios

Business

Truth Social stock surges, making Trump much richer (on paper)

Donald Trump Truth Social

Former President Trump got a lot wealthier on Tuesday, at least on paper, as the value of social media company Truth Social's stock jumped by as much as 55% in early trading.

By the numbers: Shares opened Tuesday at $70.90 per share, after closing on Monday at $49.95 per share. They rose as high as $77.67 in early Tuesday trades, before a mild retreat.

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