Trump’s worth jumped by a whopping $1.8 billion following the assassination attempt. This surge in his fortune was credited to the rise in stock of his social media company known as Truth Social after an assassination threat. In this article, the impact on his company, Trump Media and Technology Group, and its future prospects are discussed.

An assassination attempt is likely to swell the fortune of Donald Trump by $1.8 billion when Wall Street opens, with his social media company’s shares drastically increasing.

Shares of Trump Media and Technology, the parent of Truth Social, surged 50% as trading started in New York. It added $1.8 billion to Trump’s wealth. Trump owns about 60% of the company. The massive jump in the share price came a day after an assassination bid on Trump in Pennsylvania on Saturday.

Truth Social’s Role
Truth Social was set up after Trump was banned from Twitter in 2022. It works in a similar way to Twitter. Trump was initially chairman of the company before stepping down as a director in 2022.
Truth Social was set up after Trump had been banned from Twitter in 2022. It works in a similar way to Twitter. Trump was initially chairman of the company before stepping down as a director in 2022. He is still very active on the platform, often making several posts each day. If Trump were to win November’s presidential election, the site would likely see a mass influx of new users.

Shares Reflect Election Chances
Even though viewed as a meme stock, the shares of Trump Media and Technology Group (TMTG) were largely considered a proxy for Trump’s presidential win. Many believe that these odds have been enhanced due to the attempt on his life. TMTG is heavily meme-held, as retail shareholders are in Trump’s corner, who perceive the investment in the company as a way to provide both political and financial support to him.

Public Offering and Share Performance
TMTG is listed on Wall Street under the stock ticker DJT. It went public in March. Its shares had slid since its public offering but the assassination attempt pumped up the share price, exponential to Monday. Despite the uptick on Monday, from when it went public the shares were on a downward slide.

Trump’s Big Stake in TMTG
Trump owns 114.8 million TMTG shares which at Monday’s share price were worth $5.2 bln. That stake formed a large portion of his total wealth. However, under lock-up provisions Trump cannot sell his shares until September. These provisions prevent major shareholders from selling their shares too soon after a company goes public as this can cause a share price to drop.

Market Reactions and Future Prospects
Markets have reacted hard to the news of the assassination attempt. The investors now view the share movements of TMTG as a proxy for Trump’s political future, as if Trump really does return to the White House, Truth Social would witness a surge in user activity, bumping TMTG in the first place. This activity and value surge could consecrate Trump into financial and political position at large, underpinning how his business ventures merge into his political ambition.

Conclusion
following last week’s assassination attempt on Trump’s life, his wealth saw a mockery shift towards the increase in value of his social media company. If TMTG and Truth Social are to be judged by the event, then they have really bright prospects in the future with possibilities of Trump returning to the White House. It is not all about Trump’s personal fortune; even his base of investors and lovers shows high morale. The performance of TMTG’s shares, hence, more than likely signals a leading indicator on Trump’s political fortunes as the election draws closer.