Trump’s net worth surges to $6.4 BILLION to make him one of the world’s 500 richest people for the first time after he completed his social media company’s lucrative merger

Donald Trump’s net worth is skyrocketing even as he’s forced to raise piles of cash to pay court judgments, and he’s now climbing up to at least the list of a coveted billionaire.

The former president’s net worth has risen to $6.4 billion following last week’s announcement that Digital World Acquisition shareholders voted for the special purpose acquisition company to merge with the Trump firm that owns his Truth Social platform.

After a jump in his stock price, Trump’s net worth increased by a staggering $4 billion, adding to his golf, real estate and brand empire.

The timing couldn’t be better for Trump, who says he has almost $500 million in cash and has 10 days to raise $175 million after a New York appeals court slashed a $454 court judgment against him.

Even that smaller amount could be a problem. Trump recently posted bail for a $91 million settlement in the E. Jean Carrol defamation case. He must pay both amounts pending appeals of the rulings against him.

Trump already has an empire that includes golf properties in Florida and Scotland, as well as buildings like Trump Tower and 40 Wall Street, where on Monday Trump held a wild press conference in which he said he would use cash, securities or a bond to pay the 175 dollars. number of millions.

Even with that outlay, Bloomberg added Trump to his list of the 500 richest people in the world.

The main factor was the share price of the combined company, which will be listed on the NASDAQ starting Tuesday.

DWAC shares were trading at nearly $50 each on Monday, a 190 percent jump since the start of the year, putting Trump’s 58 percent stake at around $3.9 billion.

Unless he gets a waiver from a board packed with Trump loyalists, Trump would be prohibited from selling his shares until the end of a six-month period, so he cannot rely on the funds to pay his court judgment.

Trump has long competed to rise and remain on the Forbes 400 list, and his fraud trial in New York included testimony that he inflated valuations to get a preferable deal.

Forbes on Monday estimated Trump’s net worth at $2.6 billion, based on a September 2023 estimate of his branding and social media business at $160 million.

“I have a lot of cash,” Trump told reporters on Monday. “You know this because you have read my statement.”

Trump posted last week that he had $500 million in cash, although his letters said in a recent document criticizing the court ruling that he could not get bail.