More than $1 billion has been added to former President Donald Trump’s net worth on Monday,
as shares of Trump Media—the parent of social media platform Truth Social—surged days after an assassination attempt on Trump, who holds a majority stake in the company.
Shares of Trump Media & Technology Group increased by 32% to under $41 as of about 1:15 p.m., pacing the company’s third-largest gain this year behind a 35% jump on March 25.
The value of Trump’s nearly 65% stake in the company, totaling 114.75 million shares, has increased to $4.6 billion from $3.5 billion since trading closed on Friday.
Trump Media shares previously closed at over $40 on June 12, when Trump’s stake was valued at just under $4.7 billion, before falling below $28 last week.
