In what was being touted as a do-or-die moment for former President Donald Trump’s business empire, his opponents were salivating at the prospect of seeing him fail.
The New York civil case, looming large on the horizon, threatened to strip Trump of a whopping half a billion dollars, with his prized assets in the crosshairs. The liberal media was getting ready to crack open the champagne, waiting for the clock to strike zero, and revel in what they saw as Trump’s financial downfall.
But as we have seen time and again, Trump is not one to be underestimated. With the deadline fast approaching, New York Attorney General Letitia James set her sights on Trump’s golf course and Seven Springs estate, ready to seize them to pay off the $454 million judgment against him.
But to everyone’s surprise, and to the chagrin of his opponents, Trump managed to secure a significant reduction in the bond amount, bringing it down to a manageable $175 million. Once again, Trump proved he has the Midas touch, and his fortunes refuse to be tethered down.
But that wasn’t all. Monday also turned out to be Trump’s highest-earning day on record. Trump Media & Technology Group finalized its merger with Digital World Acquisition Corp., with Trump gaining control of shares valued at billions of dollars. Shares of DWAC soared by a staggering 190 percent, putting Trump’s stake at a remarkable $3.9 billion. This catapulted Trump’s overall net worth to $6.4 billion, making him one of the wealthiest people in the world.
What Dems hoped for today: Trump could not post a $454 million bond and Letitia James and her goons would begin seizing Trump properties.
What Dems got: An appellate court slashed the bond to $175 million. Trump will pay it in cash. Truth Social goes public making Trump $3…
— Charlie Kirk (@charliekirk11) March 26, 2024
Despite the new influx of wealth, Trump will have to wait six months before he can cash in on his windfall. The merger agreement includes a standard lock-up clause, preventing major shareholders from selling their stocks immediately after the merger. This clause is essential to maintain stability and prevent stock dumping that adversely affects the company’s value. Attempts to modify this restriction could lead to legal battles and require significant effort to convince shareholders of its benefits.
Democrats’ hatred of Trump, has only made him richer! pic.twitter.com/9p22pvCrSr
— Jeanine Pirro (@JudgeJeanine) March 26, 2024
Eric Trump, the former president’s son and Executive Vice President of the Trump Organization, expressed his gratitude to his team for their hard work and dedication. In a statement, he hailed the merger’s success, saying, “We have a great company and are incredibly honored.” It is a tremendous achievement for Trump and his team, showcasing Trump’s incredible business acumen.
Thank you to my incredible team at The Trump Organization – I am incredibly proud of all of you! @Trump
— Eric Trump (@EricTrump) March 25, 2024
