Former President Donald Trump will become one of the 500 richest people in the world after his media company begins public trading on Tuesday, according to a report by Bloomberg News.
Trump, the presumptive Republican presidential nominee, established the Trump Media & Technology Group (TMTG) in February of 2021 to develop an alternative social media website, following his removal from Twitter after the events of Jan. 6, 2021, with the new website “Truth Social” being unveiled in 2022. On Monday, TMTG completed a merging process with DWAC, a special-purpose acquisition corporation, that would allow the company to be publicly traded on the National Association of Securities Dealers Automated Quotations stock exchange, also known as the “Nasdaq” exchange, with Trump’s 58% stake in the company being valued at $3.9 billion, according to Bloomberg News.
The share price of DWAC increased by 35.22% to close at $49.95 on Monday when the closing of the deal was announced, with the new company retaining the TMTG name and changing its stock ticker to Trump’s initials, “DJT.” The process will increase Trump’s net worth to $6.4 billion, according to Bloomberg.
Trump’s net worth, which until recently has primarily comprised real property of The Trump Organization, has been subject to varying estimates. The Australian Financial Review estimated his net worth to be $9.8 billion following the TMTG acquisition process, while Forbes maintains his net worth at $2.6 billion as of Monday — making him the 1,265th richest person in the world — with its highest-ever estimate for his net worth being $4.5 billion in 2016.
Truth Social has reported many losses since its creation, with Trump being the primary user of the platform with the largest number of followers. He often announces major legal and campaign decisions on the platform, similar to his use of Twitter during his presidency.
Trump will not be able to sell his stake in TMTG for at least six months following the commencement of trading
As Florida legislators weigh a proposal to rename Palm Beach International Airport after President Donald J. Trump, a related trademark filing by a company associated with the Trump Organization is drawing national attention — and predictable political reactions.
Public records show that DTTM Operations, an entity tied to the Trump Organization, filed trademark applications on Feb. 13 for “President Donald J. Trump International Airport” and “Donald J. Trump International Airport.”
A spokesperson for the Trump Organization said the filings are purely defensive and not intended to generate revenue.
“To be clear, the President and his family will not receive any royalty, licensing fee, or financial consideration whatsoever from the proposed airport renaming,” spokesperson Kimberly Banza said in a statement. She explained that the trademark applications are meant to prevent “bad actors from infringing upon or misusing the name.”
The proposal to rename the airport comes as Florida’s GOP-controlled legislature considers honoring Trump, whose Mar-a-Lago residence is located in Palm Beach. Supporters see the move as a fitting recognition of a former and current president with deep ties to the region and a significant political legacy.
Critics, however, have seized on the trademark filings to raise concerns about potential conflicts of interest. Dylan Hedtler-Gaudette of the nonprofit Project on Government Oversight argued that the situation highlights broader questions about presidential business holdings.
Trademark attorney Josh Gerben, who first reported on the filings, described the move as unusual, noting that while airports have been named after past presidents, a sitting president’s private company seeking trademark protection in advance appears to be unprecedented.
Gerben suggested that the filings raise technical legal questions about whether a publicly owned airport would need permission to use the name if it were trademarked — though no such arrangement has been proposed.
The broader political backdrop is hard to ignore. President Trump has long been a polarizing figure, and even routine legal filings tied to his name tend to generate outsized scrutiny. Supporters argue that trademark protection is standard practice for high-profile public figures and brands, particularly given Trump’s long history as a global business leader.
The White House has not indicated that the president is personally involved in the legislative effort. Trump has also denied reports that he is seeking to have other major transportation hubs, such as Washington’s Dulles Airport or New York’s Penn Station, renamed in his honor.
For now, the proposal remains in the hands of Florida lawmakers. Whether the renaming effort moves forward — and whether the trademark filings ultimately matter — will depend on decisions made at the state level.
On Thursday night, RNC chair Lara Trump released her second single and teased the release of several more songs coming soon.
According to Mediaite, Trump—who made headlines with her 2023 cover of Tom Petty’s “I Won’t Back Down”—spontaneously dropped yet another single, “Anything is Possible,” at midnight on Thursday evening.
“A little something I had fun with over the winter,” wrote Trump in a social media post announcing the song. “And a few more too that I’ll save for a future date, special for my YUGE fans in the liberal media [winky face emoji].”
A little something I had fun with over the winter ☺️🎹🎶 (and a few more too that I’ll save for a future date, special for my YUGE fans in the liberal media 😜) pre-save link below. Officially available at midnight tonight! 🙌🏽https://t.co/ll09EN3X9lpic.twitter.com/ltREDIybqW
In the uplifting single about faith, which is currently available to stream on Spotify and Apple Music, Trump sings, “I’ve had my ups and downs, cried when no one’s around. Still I gotta put my game face on, even when I’m not feeling strong. No matter how it seems, I wouldn’t trade a thing, ’cause all of it makes me who I am.”
She continues in the chorus, “Don’t think, just jump, you can’t give up. Know that anything is possible. Have faith, believe, just trust, you’ll see, anything is possible.”
It is unclear whether Trump currently has an album in the works or whether she has just produced a collection of singles.
Earlier this month, Trump was elected to serve as co-chair of the Republican National Committee following Ronna McDaniel’s exit.
Ark Invest CEO Cathie Wood said she would vote for former President Trump over President Biden in the November presidential election.
Wood took part in an interview with ‘Meet Kevin’ financial analyst and YouTuber Kevin Paffrath, during which she was asked the popular question, “Trump or Biden?”
Wood told the host she has three children with whom she has discussed the upcoming election and its consequences.
“As I’ve said to them, ‘Look, I am going to vote for the person who’s going to do the best job for our economy,’” Wood told Paffrath. “I am a voter when it comes to economics, and on that basis, Trump.”
She further explained that Laffer Associates founder and chairman Art Laffer “describes the first three years of the Trump presidency as the best in U.S. economic history, not the last one because of COVID, and I would agree.”
Watch:
🔥🔥Cathie Wood Ark investor and one of the most influential people in the business world just publicly announced that she'll be voting for Trump and that he had the best economy in history.
Dont vote based off personal feelings. Vote based off personal experience.
Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.
Billionaire Stephen Schwarzman, the CEO and co-founder of Blackstone, announced last month he will back Trump in the 2024 race after he previously called for the Republican Party to turn to a “new generation of leaders.”
A Washington, D.C.-based server has been fired after proudly saying in an interview that she planned to refuse service to Trump officials.
The server was previously employed by Beuchert’s Saloon on Capitol Hill. She took part in a report by Washingtonian magazine about how the service industry would respond to President-elect Donald Trump’s team if they patronized her place of employment.
Most individuals who were interviewed remained anonymous, but Suzannah Van Rooy provided her real name.
“I personally would refuse to serve any person in office who I know of as being a sex trafficker or trying to deport millions of people,” the server told the outlet, as The Daily Wire previously reported. “It’s not, ‘Oh, we hate Republicans.’ It’s that this person has moral convictions that are strongly opposed to mine, and I don’t feel comfortable serving them.”
“People were a lot more motivated the first time around to do those kinds of shows of passion. This time around, there is kind of a sense of defeat and acceptance,” Van Rooy added. “But I hope that people still do stand up to this administration and tell them their thoughts on their misbehavior.”
Beuchert’s Saloon denounced Van Rooy’s comments and confirmed she was no longer employed there, per Fox News Digital. The neighborhood restaurant and bar called her statements “reprehensible” and “unforgivable.”
“Recent comments made by a member of staff who had no authority to speak on behalf of our entire restaurant have been, quite rightly, flagged as inappropriate, hostile, intolerant, and unacceptable. This staff member does NOT speak for us as a restaurant,” Beuchert’s Saloon said in a statement.
Beuchert’s saloon provided a follow-up after the backlash from the employee’s comments.
“Not only do Ms. Van Rooy’s comments clearly violate our zero-tolerance policy on discrimination, but her decision to sign into our social media accounts in the middle of the night to post her own rhetoric in wildly offensive responses to comments is a further breach of conduct and protocol. She has no authority to speak on our behalf, and her comments do not reflect the positions of over twenty other people who make up our staff,” the statement said.
“For these reasons as well as the sheer dismay and disgust we feel at her unforgivable behavior, Ms. Van Rooy has been dismissed immediately. Our staff and families (many of whom are personally offended by Ms. Van Rooy’s comments about them) are still reeling from what Ms. Van Rooy said and did, and we as a restaurant are simply horrified to be associated with base prejudice.”
United Airlines CEO Scott Kirby is reportedly floating a blockbuster idea inside the Trump orbit: a potential merger with American Airlines that would create the largest airline in the world — and instantly reshape the U.S. aviation industry.
According to reports, Kirby raised the possibility toward the end of a White House meeting focused on the future of Washington Dulles International Airport. The timing is notable. Transportation Secretary Sean Duffy has already launched an initiative to “revitalize” Dulles, signaling a broader push to strengthen major U.S. travel hubs and compete globally.
And the stakes are massive. Data from the Metropolitan Washington Airports Authority shows that a dominant 68.5 percent of commercial passengers at Dulles in December flew United — underscoring just how much influence one airline already holds at a key East Coast gateway.
Now imagine that power combined.
In 2023, United and American ranked first and third, respectively, in revenue by passenger miles among U.S.-based airlines, according to the Bureau of Transportation Statistics. A merger between the two wouldn’t just be big — it would create an aviation giant unlike anything seen before, potentially giving the U.S. a dominant global carrier at a time of rising international competition.
Kirby, who knows both companies well, previously served as president of American Airlines after its 2013 merger with U.S. Airways before joining United in 2016 — adding another layer of intrigue to the reported pitch.
Not surprisingly, the reaction from Washington’s political class — especially on the left — was immediate and hostile.
Sen. Ruben Gallego (D-Ariz.) fired off a blunt response on X, writing, “That’s gonna be a no.”
Matt Stoller, a researcher at the anti-monopolist American Economic Liberties Project, went even further, calling the idea “corporate crime” that is “now legal.”
But behind the outrage is a deeper policy divide. Under Trump appointee Andrew Ferguson, the Federal Trade Commission has taken a more business-friendly approach than it did under former Chair Lina Khan, whose aggressive antitrust stance often targeted large corporate mergers. For many conservatives, that shift reflects a broader belief that American companies need scale to compete with state-backed foreign rivals — particularly in industries like aviation.
Still, even some legal experts say the proposal would face an uphill battle.
Antitrust lawyer Seth Bloom told Reuters the deal would be unlikely to survive regulatory scrutiny, warning that it could hit consumers where it hurts most: prices.
“The administration has said it really cares about the issues that affect the consumer’s pocketbook, and this would give the airlines more pricing power,” Bloom said.
That tension — between building a stronger, more competitive American airline industry and protecting consumers from higher costs — is likely to define the debate if this idea gains traction.
For now, Kirby’s reported pitch remains just that — a pitch.
Shipping and logistics company DHL sued Mike Lindell’s MyPillow this week over an alleged shipping debt of nearly $800,000.
In the lawsuit filed in Minneapolis on Monday, DHL alleged Lindell’s company violated a previous lawsuit settlement from May 2023 which required MyPillow to pay off its $775,000 debt to DHL in 24 monthly installments.
According to the lawsuit, MyPillow only partially paid off the required installments, paying DHL $64,583.34, with the last installment in June.
DHL reportedly threatened to sue MyPillow in July and, after several months of no success, finally filed its lawsuit in court this week.
DHL is now seeking $799,925.59 from MyPillow, along with attorney fees and an 18% annual interest.
Gavel via Wikimedia Commons Image
Lindell who has been a vocal and active supporter of former President Donald Trump has been embroiled in a number of lawsuits over the past few years, including defamation lawsuits from Dominion Voting Systems and Smartmatic over his allegations that the 2020 election was rigged.
In February, Lindell was ordered to pay $5 million to a man after he lost his own “Prove Mike Wrong” challenge.
In March, MyPillow was evicted from a warehouse in Minnesota for allegedly being $200,000 behind on rent.
Former President of the United States Donald Trump speaking with attendees at the 2022 Student Action Summit at the Tampa Convention Center in Tampa, Florida. [Photo Credit: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons]
On a bustling Thursday night in San Francisco, former President Donald Trump marked another impressive milestone in his 2024 presidential campaign. The presumptive Republican nominee and front-runner, according to the polls, celebrated a monumental $12 million fundraising haul. The fundraising event, hosted by prominent Silicon Valley figures, David Sacks and Chamath Palihapitiya, highlighted the undeniable shift in the tech industry, an arena traditionally dominated by liberal ideologies.
“These are brilliant guys – AI guys – these are the guys that are doing all the things you read about,” Trump gushed to Fox News Digital. These are just a brilliant group of people. And they can’t relate to Biden because he is a stupid person – and I have a high IQ.”
Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons
“They don’t like dealing with an IQ that’s like, you know, 1/3 of theirs, because it is a difficult thing when someone has an IQ of 180, it is difficult to deal with a man with an IQ of 70 – or maybe lower,” Trump added, attempting to goad the current president.
Sacks endorsed Trump hours before the high-dollar fundraiser at his multimillion-dollar home, located near the residence of Nancy and Paul Pelosi, symbolizing the growing willingness of certain tech industry leaders to publicly support Trump, a stance that previously rendered individuals persona non grata in Silicon Valley. (RELATED: San Francisco Sued Over Gender Scheme Targeting Minority Men)
Known for his business acumen and successful investments, including his status as an angel investor for Facebook, Uber, SpaceX, and Airbnb, Sachs’ support signals a broader acceptance of Trump’s candidacy within a traditionally GOP skeptical community.
Trump told Fox News Digital that Sacks’ “strong” endorsement “is a great testament to what I’ve accomplished.”
“David Sacks — the king of that world — David Sacks and the group that we were with are the most respected people in San Francisco from both a business and high tech standpoint,” Trump told Fox News Digital. “They love our country and they understand what’s happening into the future with technology better than any group, anywhere in the world.”
“One of the primary reasons for the endorsement was the four years that we had in office, which was the best four years ever for high tech, which will play an increasingly important role in the future of our country, especially as it relates to AI and all of the other new and brilliant technologies coming right at this moment,” Trump said. “It is a very exciting time and it is a great honor to have the most brilliant minds supporting, by far, the most brilliant leader.”
Why I’m Backing President Trump
As many press accounts have reported, I’m hosting a fundraising event for President Donald J. Trump at my home in San Francisco this evening.
Over the last couple of years, I have hosted events for presidential candidates Ron DeSantis, Vivek…
“My reasons rest on four main issues that I think are vital to American prosperity, security and stability — issues where the Biden administration has veered badly off course and where I believe President Trump can lead us back,” Sacks said Thursday.
Other guests at Sacks’ Pacific Heights fundraiser included the Winklevoss twins, who successfully sued Facebook CEO Mark Zuckerberg for allegedly stealing their idea, which later became Facebook.
JD Lasica from Pleasanton, CA, US, CC BY 2.0 , via Wikimedia Commons
“He wasn’t the guy I see on TV,” one source told the New York Post. “He was very thoughtful and self-deprecating.” More than 100 guest attended the San Francisco soirée, paying as much as $300,000 a head.
Historically, Silicon Valley has been a bastion of liberal politics, with many tech leaders supporting Democratic candidates and policies. This alignment was driven by shared values around social issues and environmental sustainability. (RELATED: Google Shuts Down Its AI Chatbot ‘Gemini’ For Being Woke And Racist)
However, the dynamics may be changing. The industry’s rapid growth has brought increased scrutiny and regulatory pressures from Democratic lawmakers. Concerns over antitrust actions, data privacy regulations and labor practices have strained relationships between tech giants and the Democratic Party.
In contrast, Trump’s deregulatory stance, pro-business policies and tax reforms align with the interests of a growing number of Silicon Valley insiders.
Former Watergate prosecutor Nick Ackerman said former President Trump is “toast” in his New York civil fraud case.
New York Attorney General Letitia James’ case accuses Trump, his two adult sons, the Trump Organization, and top executives of falsely inflating the values of Trump’s real estate properties and other assets in order to get tax benefits and better loan terms.
James seeks around $250 million in damages, and she wants to bar Trump and his co-defendants from running another business in New York.
According to The Hill, Ackerman argued people are not only focused on the former president’s testimony but also his deposition with James’s lawyers last summer, where he invoked the Fifth Amendment more than 400 times.
“Now what does it mean to take the Fifth Amendment? It means that you are refusing to answer a question, because a truthful answer would tend to be incriminating,” Ackerman said. “Then what did Donald Trump do last week? He went into court and said, ‘Oh, I didn’t do anything fraudulent, I wasn’t involved in a fraud.’ Which is just the opposite what in effect he was saying when he took the Fifth Amendment in his deposition.”
“So you’ve got contradictory testimony,” Ackerman continued. “You can use his assertion of the Fifth Amendment against him to basically find that he’s lying, that he’s manipulating the system when he goes in, refuses to answer questions, answers the questions in a half-baked manner.”
Earlier this week when Trump took the stand he fiercely defended his business practices and condemned those involved in the case as politically motivated “Trump haters.”
“I just don’t see how this judge at the end of the day is not going to find that, with respect to Donald Trump … ‘Liar, liar, pants on fire,’” Ackerman said.
Ackerman said that in his more than 40 years of civil law experience, he has never seen anyone “do such a stupid move as to suddenly start testifying” after they’ve taken the Fifth Amendment.
Fox News primetime host Laura Ingraham has been named a board member of a new special-purpose acquisition company (SPAC) led by Donald Trump Jr..
The blank-check firm, Colombier Acquisition Corp. III, filed its registration statement with the U.S. Securities and Exchange Commission (SEC) on Friday, planning to raise 26 million units at $10 each — a total IPO target of about $260 million.
The stated mission of the new SPAC is stirring: the company intends to “fund the next chapter of American Exceptionalism and help Make America Grow Again.”
A Powerful Line-Up
This initiative brings together heavyweight conservative and business voices:
Donald Trump Jr. himself is listed as a director of the SPAC.
Ingraham, as noted, takes a board seat, aligning her media voice with pro-growth, America-first business leadership.
Others on the board include billionaire investor Chamath Palihapitiya (often dubbed “Wall Street’s SPAC king”), Blake Masters (a former president of the Thiel Foundation and GOP Senate candidate-turned-investor), and conservative business leader Chris Buskirk of 1789 Capital.
The SPAC is sponsored by 1789 Capital — a firm with ties to Trump family allies including Trump Jr. — and led operationally by finance veteran Omeed Malik.
Why This Matters for the Republican Agenda
Scaling American Growth — The SPAC presents an opportunity to invest in high-potential private companies that are aligned with conservative economic principles: innovation, domestic manufacturing, job creation. It echoes longstanding themes of shrinking dependency on foreign supply chains and revitalizing American industry.
Bringing Conservative Media Into the Arena — Laura Ingraham’s role on the board is significant beyond her television presence. It bridges the media platform with private-capital activity in service of a pro-growth agenda, reinforcing conservative alignment across cultural and economic spheres.
Leveraging the Trump Ecosystem — This SPAC is further proof of increasing alignment between the Trump family’s business interests and the conservative movement. With Trump Jr. at the helm and Fox News hosts like Ingraham working in the same orbit, the cultural and economic wings of the movement are becoming more integrated. Some might view this as a consolidation of influence — and for supporters, it represents an effective mobilization of talent, media, capital and ideas.
Messaging Strength — The marketing language around “American Exceptionalism,” “Make America Grow Again,” and taking bold action to merge private champions into public markets resonates deeply with patriotic, pro-growth, and pro-Liberty voters and investors. It signals optimism about the future of U.S. business and opportunity.
Considerations for Conservative Investors & Supporters
Alignment of values and vision: This venture clearly invites participation by those who believe in American economic strength, renewal of manufacturing, and innovation under a conservative framework.
Risk and reward: As with all SPACs, there are inherent risks — particularly the uncertainty of what private company will be merged and how the market will react. However, the backing of high-profile conservative leaders may bring a unique brand strength and network effect.
Cultural impact: Ingraham’s involvement means that conservative media will potentially be linked to private-market outcomes. This could amplify messaging but also raise questions about separation of media and business roles (a subject of debate).
Timing: The filing was recent, and the IPO process is underway. As the venture develops, more details will emerge (which company they will target, when, etc.). Supporters should watch for updates and ensure that the company they merge with aligns with the broader vision.
What’s Next
Supporters in the conservative movement will likely view this development as a concrete manifestation of turning media influence into economic muscle — shaping culture and business in tandem.
The IPO units are expected to trade under the ticker “CLBR U” on the New York Stock Exchange (NYSE).
The next steps will include selecting a target company to merge with, closing the deal, and executing on growth plans. Investors should monitor the company’s announcements and disclosures via SEC filings.
Media watchers will track how this move influences the relationship between conservative media, the Trump business ecosystem, and public market investment.
