Donald Trump’s $3 billion fortune rises due to Truth Social

Shareholders of Digital World Acquisition Corporation (DWAC) agreed on Friday to merge with Truth Social, the social media platform owned by former US President Donald Trump, in a move that would boost Trump’s net worth by $3 billion.

Under the merger, shareholders of publicly traded Digital World will become shareholders of Trump Media & Technology Group (TMTG), the parent company of Truth Social. Trump’s media company is scheduled to begin trading on the Nasdaq under the symbol (DJT) starting next week, according to Associated Press reports.