Trump is going to be a real billionaire

[Santander]

https://www.cnbc.com/2024/03/22/trump-could-net-3-billion-from-dwac-social-media-merger-vote.html

Shareholders in Digital World Acquisition Corporation voted Friday to approve a merger with Donald Trump’s social media company, a deal that could net the former president an eventual windfall of $3 billion or more.

The vote by DWAC shareholders comes about two-and-a-half years after the so-called special purpose acquisition company announced plans to merge with Trump Media & Technology Group, the private firm that owns the Truth Social app platform.

Master businessman.

[Joe Biden 2024]

https://www.cnbc.com/2024/03/22/trump-social-dwac-stock-falls-after-merger-approved.html

In related news.

[Electric Circus]

It's looked plausible for a while that his real reason for staying off of mainstream social media platforms, even after Facebook and Twitter rescinded their bans, is that he saw an opportunity to cash in elsewhere.

[Tekken_Guy]

Too bad he can’t spend any of his money for months.

[All Along The Watchtower]

From the article in the OP:

It is possible that the board of directors could vote to allow Trump to sell shares earlier than that. And that board could be stocked with people close to Trump, including his son Donald Trump Jr., former wrestling company executive Linda McMahon, and Trump’s former trade representative Robert Lighthizer, according to a list of planned nominees.

If the board signed off on lifting the share lock-up period, that could quickly free up a large source of cash for Trump, who is the presumptive Republican presidential nominee this year.

Gotta pay those legal bills.

[emailking]

Donald Trump may be about to get $3 billion richer. But that likely won’t solve his cash crunch

Former President Donald Trump is on the verge of a multi-billion dollar windfall at a time when he’s facing immense financial and legal pressure.

Trump Media & Technology Group, the owner of Trump’s struggling social media platform Truth Social, is on the cusp of going public as soon as next week following years of legal and regulatory obstacles.

If shareholders vote on Friday to approve Trump Media’s merger with a blank-check company, Trump will own a dominant stake in a public company, with shares worth more than $3 billion at current market prices.

However, experts tell CNN there are numerous practical, financial and legal reasons why this deal – even if it gets approved – is unlikely to solve Trump’s imminent cash crunch.

“President Trump won’t be able to monetize that stake right away,” said Matthew Kennedy, senior initial public offering market strategist at Renaissance Capital.

https://www.cnn.com/2024/03/22/business/trump-truth-social-dwac-shares/index.html

He'll get a lot eventually but it could be less than 3 billion if the stock goes down, which is very possible if everyone knows the majority holder is going to sell off his shares ASAP. It could go up too, who knows.