00:00It's Benzinga bringing Wall Street to Main Street
00:02Trump's net worth jumped on Thursday after shares of Trump Media and Technology surged
00:07following the company's announcement of a $6 billion all-stock merger with TE Technologies.
00:12According to Forbes, Trump's wealth rose by $504 million in one day due to his majority
00:18stake in Trump Media, which is managed by the Donald J. Trump Revocable Trust, lifting
00:23his estimated net worth to $6.8 billion.
00:27Trump Media shares closed up 41.93% at $14.86 on Thursday.
00:33Under the deal, Trump Media will become the holding company for TE and its subsidiaries,
00:38including Truth Social, Truth Plus, and the PlannedTruth.fi platform.
00:42WebBush's Dan Ives said the deal could position the combined company as the first publicly traded
00:47fusion player, citing TE's decades of fusion expertise, technological advances, and leadership
00:53in global fusion development.
00:55The stock remains down 56.32% year-to-date.
00:58For all things money, visit Benzinga.com.
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