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Truth Social has already added $400 million to Trump's net worth

 

donald trump
Photo "Donald Trump" by Dan Scavino

Nowadays former President Donald Trump got a new title of "Tech Entrepreneur" because of his new social media venture TRUTH Social. 

TRUTH has already boosted his net worth by $430 million dollars, according to Forbes math, helping lift his fortune from $2.4 billion a year ago to $3 billion today.

Former President Trump, who was banned by the Big Tech companies in the month of January 2021, later launched his new social media company TRUTH Social on President Day 2022. TRUTH creation was announced by Trump in October 2021, through the Trump Media and Technology Group (TMTG), which uses Mar-a-Lago as its address. The app became available in February and has since been downloaded an estimated 1.5 million times, but 1.3 million potential users are on a waitlist.

Recently the Devin Nunes, CEO claims that Trump encouraged Elon Musk to buy Twitter as the former President want's the free speech on the internet, Nune said: 

“Donald Trump wanted to make sure that the American people got their voice back and that the internet was open and that’s what we are doing.”

Nunes, a former House GOP lawmaker who is CEO of Trump Media & Technology Group, added that Truth Social was “all for it.

But on Friday, the Tesla CEO, Elon Musk denies the claims of Nunes, “This is false,” Musk tweeted in reply to a New York Post article about that claim by Trump Media & Technology Group CEO Devin Nunes. On April 25, Twitter accepted Elon's offer to buy the tech company, which is contingent on approval from shareholders and regulators. 

Before all of this, Trump once praised Musk, in a TV interview, Trump said:

“I like Elon Musk. I like him a lot. He’s an excellent individual. We did a lot for Twitter when I was in the White House. I was disappointed by the way I was treated on Twitter. I won’t be going back on Twitter,” Trump said. He will only give his update through Truth Social.

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