Trump has multiplied his fortune by hundreds of millions of dollars since leaving the presidency
Former US President Donald Trump's net worth has skyrocketed since leaving office, reflecting the decline in wealth he suffered during his presidency.
Forbes magazine estimates that Trump has earned $600 million since January 2021, taking his net worth from $2.4 billion to $3 billion.
This rise shows a rebound in Trump's fortune since his presidency, during which he was dropped from Forbes' list of the richest Americans last fall.
His fortune was $400 million less than the minimum allowed in October.
The magazine said the increase in wealth could be attributed to his new social media platform, Truth Social, which he launched in February, a year after he was banned from Twitter.
The social media platform has faced several vulnerabilities since its disclosure, including putting some users on a "wait list" for weeks to join the platform.
Its popularity also declined rapidly after its release. The app was at the forefront of free downloads on the Apple Store after its launch, but dropped to number 116 after just 20 days.
Forbes says the former US president owns at least 50 percent of the company's stock, however, he can't sell the shares unless Trump Media merges with a special purpose acquisition company, a deal currently under scrutiny by regulators. .
Follow our latest local and sports news and the latest political and economic developments via Google news