Donald Trump's victory gives him a radical increase in wealth as DJT stock rises

If you want to get rich, you might want to think about running for president. Donald Trump's surprise election victory on Tuesday caused shares of his Trump Media & Technology Group, which owns Truth Social, to jump about 35 percent, with its 114.75 million shares jumping to $5.3 billion in premarket trading rose – an increase of $3.9 billion at the close on election day. Trading in the stock was halted three times after the market opened on Wednesday, with shares still up about 16 percent at the third stop. That would value Trump's stake in the company at $4.6 billion if the 16 percent increase continued throughout the day. Matthew Tuttle, a frequent Fox Business News panelist and CEO of Tuttle Capital Management, said CNN Given how frequently the stock has been used by traders betting on a Trump victory, it's hardly surprising to see such a rise. However, further finesse is required to secure profits in the longer term, as the company itself has little income and Truth Social only holds a tiny share of the entire social media market. “The magnitude of his victory helps, but longer-term they need to come up with a strategy,” Tuttle said.

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