- Donald Trump’s net worth rose by $868 million in one day, reaching a total of $7 billion
- The increase was driven by a 20% spike in Trump Media & Technology Group's stock price
- The financial surge positions Trump among the wealthiest political figures
President-elect Donald Trump experienced a remarkable $868 million increase in net worth in just one day, pushing his total wealth to $7 billion.
The significant spike, which occurred only days before his inauguration, was fueled by a sharp rally in the stock price of his media company, Trump Media & Technology Group.
The 78-year-old business mogul’s fortune rose from $6.2 billion recorded a month earlier, driven by a 20% surge in Trump Media’s stock price.
The stock closed at $42.91 on January 13, marking its highest level since late October.
This rise highlights the growing intertwining of Trump’s business interests with his political career.
Trump Media’s stock movements have historically been tied to news about the former president rather than to the company’s financial performance or internal developments.
The recent rally represents a $1 billion increase in Trump’s personal valuation since December 20, when he transferred his 57% stake in Trump Media to Donald J. Trump Revocable Trust.
While ensuring Trump remains the sole beneficiary, this move grants his son, Donald Trump Jr., who serves as the trust’s trustee, the flexibility to manage or sell shares.
However, Trump has publicly stated that he has no intention of divesting his stake.
Although there was no specific financial catalyst behind the stock’s 20% jump, investor enthusiasm appears to be tied to Trump’s upcoming inauguration and the continued spotlight on his political and business ventures.
Trump media’s market performance
Trump Media & Technology Group, which went public in March 2024, has seen a turbulent trading history. The stock peaked at $66.22 shortly after its debut but plummeted to $12.15 by September.
A recovery began in October following Trump’s election victory, with shares climbing to $51.51 before experiencing further volatility.
In December, Trump transferred approximately 114.75 million shares of Trump Media to Donald J. Trump Revocable Trust, further solidifying his financial interest in the company while enabling his son to oversee its management.
The surge in Trump Media’s stock underscores the close relationship between Trump’s political prominence and the company’s market performance.
As the inauguration approaches, investor interest in Trump-related ventures remains high.
This financial boost positions Trump as one of the wealthiest figures in the political sphere, with potential implications for his business dealings and broader economic influence during his presidency.
With Trump Media gaining momentum, further fluctuations in his net worth are likely to remain closely tied to his political activities.
Elon Musk’s net worth hits $447 billion
Meanwhile, TheRadar earlier reported that Elon Musk’s net worth had climbed to $447 billion, fuelled by the success of his numerous ventures, including electric vehicles, space exploration, Artificial Intelligence (AI), robotics, and tunnelling technologies.
According to Bloomberg, Musk’s wealth increased by $62.8 billion in 2024 alone, largely due to the increasing valuation of SpaceX, his privately held aerospace company.