‘So why can’t he pay his debts?’ Internet weighs in as Trump’s net worth soars to $6.4B making him one of world’s 500 richest people

WASHINGTON, DC: The formal closing of the merger of Digital World Acquisition Corp and Trump Media & Technology Group Corp on Monday, March 25, caused former president Donald Trump's net worth to rise to $6.4 billion, according to Bloomberg.

Notably, Trump will be included among the 500 richest persons in the world on the Bloomberg Billionaires Index for the first time. His net worth reached a peak of $3.1 billion before.

Donald Trump joins list of world’s 500 richest people

With the successful merging of his Trump Media group with the purchase business Digital World, Trump's net worth skyrocketed by $4 billion, as per the New York Post.

The business stated in a statement that Trump Media would start trading on the Nasdaq market with the symbol DJT, a reference to the initials of the presumed Republican presidential nominee.

Notably, Trump personally owns 58% of the publicly listed company. Truth Social, the social media site where the former president, who goes by @realDonaldTrump, has gathered a following of more than 6.7 million followers, is the most valuable asset of Trump Media. 

After being banned from X (formerly Twitter) and Facebook in 2021 following the incident at the US Capitol Building on January 6, 2021, Trump created Truth Social.

Notably, his enormous financial gain coincides with the day he secured a dramatic last-minute legal win when a New York appeals court decided he could contest the substantial verdict in his civil fraud case by posting a much lower bail of $175 million.

Despite contacting over 30 underwriting businesses, Trump's attorneys previously informed the court that the former president was unable to get the initial $464 million bond sum.

Before the state, led by Attorney General Letitia James, can start seizing Trump's assets, the appeal court has given him a further 10 days to post the bail.

During a press conference on Monday, March 25, Trump said, "I have a lot of cash. We’ll put up cash or bond very quickly, securities, cash, or bond, whatever it is. We’ll put it up very quickly and we’ll win the case."

Internet reacts as Trump joins list of world’s 500 richest people

People on the Internet remained divided and gave mixed reactions as Donald Trump's net worth rose to $6.4 billion and he joined the ist of the world’s 500 richest people.

A user posted on X, "Wow This is amazing."

One added, "Must suck to be against Trump."

A user also wrote, "His social media company only has $3m in revenues and massive losses. I know local carwashes that make more money. It should be worth about $10 million max. Sad to see people taken in by yet another overvalued SPAC targeted to naive retails buyers."

 A user also mentioned, "Winning!!!!"

One stated, "So why can't he pay his debts?"

A user also wrote, "All the Trump haters will double down and he'll get richer. Ah well...no one to blame but themselves."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.