Crypto Stocks Surge Amid Market Boom

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

Trump's Fortune Skyrockets With $4B Stake In Trump Media & Technology Group

Bibhu Pattnaik
October 27, 2024

Donald Trump‘s net worth has seen a significant increase, largely attributed to his $4 billion stake in the Trump Media & Technology Group (NASDAQ:DJT). Next week’s election could have a substantial impact on his financial status and legal circumstances.

What Happened: A report by The Wall Street Journal indicated that while Trump’s businesses continue to be unstable, his financial standing has seen a marked improvement.

The primary factor behind this shift is his stake in Trump Media & Technology Group, the parent company of the unprofitable social media platform Truth Social.

Truth Social’s value has been propelled by traders who are banking on Trump’s return to the White House, reports the outlet.

However, this value could dissipate if he is defeated. Matthew Tuttle, CEO of Tuttle Capital Management, told the WSJ, “If he loses, I think this thing goes to zero.”

Despite the inherent risks, Trump has refrained from using his stake in the company to finance his campaign. His net worth, boosted by the improved performance of the Trump Organization’s golf properties and its robust cash position, is estimated to be between $7.5 billion and $10 billion, inclusive of debt. This is over twice his net worth in 2020 and 2016.

Trump’s stock market gains have counterbalanced the losses in his real estate portfolio, which has been hit by one of the most severe U.S. office slumps in recent history.

Also Read: Donald Trump’s Billions On Hold As Insiders Sell Off Truth Social Shares

Despite these hurdles, the Trump Organization has managed to maintain a solid cash position, partially owing to the sale of assets such as the Trump International Hotel in Washington and Trump Ferry Point Golf Links in New York City.

However, the company might encounter financial difficulties due to Trump’s ongoing legal troubles, which include criminal charges and civil fraud cases.

Regardless of the election results, the Trump Organization is expected to endure, with Eric Trump continuing to oversee the daily operations.

Why It Matters: Trump's financial situation appears more stable now than in recent years, but this year's election outcome could heavily impact his wealth and legal matters.

The upcoming election could significantly affect Trump's financial landscape: a win might sustain or boost the platform’s value, while a loss could sharply devalue his holdings.

Thus, his political outcome is deeply tied to his wealth and business prospects.

Read Next

Donald Trump’s Surprising Cash Declaration Shakes Up New York Fraud Case: ‘I Currently Have Almost $500M In Cash’

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Continue Reading...

Popular

What to stream: Lady Gaga, Daredevil, the Duchess of Sussex 'Deli Boys' and an evil Hugh Grant

Lady Gaga’s seventh studio album “Mayhem” and a new lifestyle series on Netflix from the Duchess of Sussex called “With Love, Meghan” are some of the new television, films, music and games near you.

Tens of millions of dead people aren't getting Social Security checks, despite Trump and Musk claims

WASHINGTON (AP) — The Trump administration is falsely claiming that tens of millions of dead people over 100 years old are receiving Social Security payments.

Powerful AI Trading Software Leaked to Public - Ad

A shocking video leak has revealed a groundbreaking new AI trading system...It's reportedly helping some traders pocket over $1,100 a day -- using it for just 60 seconds! Here's the kicker: This system was developed to analyze market data and pinpoint high-probability trades nearly on autopilot.

Conservative Influencer Says Musk Is Father of Her Newborn Child

Conservative influencer Ashley St. Clair has declared that Elon Musk is the father of her newborn child.

Jensen Huang: 'No Technology Has Ever Touched More Of The World's GDP Than AI' But Nvidia Shares Slip In After-Hours Trading

NVIDIA Corp CEO Jensen Huang said during the company's fourth-quarter earnings call that "No technology has ever had the opportunity to address a larger part of the world's GDP than AI."

My No. 1 "Nuclear Renaissance" Stock Pick for 2025 - Ad

Bill Gates, Warren Buffett, Elon Musk, and Jeff Bezos Are "Silent Partners" on the Next Phase of A.I. One Little-Known 'Savior Stock' - trading at just $8 right now - Offers a Rare Opportunity to Profit in the NEXT A.I.

Google-Parent Alphabet Gets Slapped With New Fee By Canada To Fund Online News Act - Tech Policy Tensions Escalate

A Canadian regulator announced Wednesday it will require Alphabet Inc. to pay a fee to cover the costs of enforcing the country's Online News Act, adding to growing tensions between Canada and the United States over trade and technology policies.

Elon Musk Points To Bill Clinton-Era Government Job Cuts Amid Tesla Showroom Protests

Tesla Inc. CEO Elon Musk drew attention to historic government downsizing efforts On Monday, amid growing protests over his role in the President Donald Trump administration's Department of Government Efficiency and recent Tesla showroom demonstrations.

2025 AI Blueprint Could Impact Nvidia's $5 Trillion Goal - Ad

Nvidia's mission to $5 trillion is detailed in Michael Robinson's 2025 AI Blueprint. But it's not Nvidia he's picking ...Instead, it's three of Nvidia's "Silent Partners." This crucial briefing focuses on a select group of three companies partnering with Nvidia that could benefit greatly this year.

Meta Follows Layoffs With Double Bonus Structure For Executives

Meta more than doubled its bonus plan for company executives after announcing layoffs for about 3,600 employees just last month. 

Crypto Stocks Surge Amid Market Boom - Ad

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

Massive fire breaks out at Pennsylvania aerospace manufacturer, prompting shelter-in-place order

JENKINTOWN, Pa. (AP) — Schools were closed and residents were ordered to shelter-in-place Tuesday after a large fire broke out at an aerospace manufacturer’s facility in a town north of Philadelphia, officials said.

The Best $1 You'll Ever Spend for the Trump Boom - Ad

Right now for a limited time...You can get Tim Bohen's top 5 Trump stocks for 2025... For only ONE DOLLAR! He says these 5 stocks are trading for less than $2 right now...But they could soon SOAR in Trump's first 100 days.

Tesla Files Fresh Lawsuit Against Matthews After Court Defeat

Matthews International secured a legal victory when a U.S. District Court Judge denied Tesla's attempt to block its sales of proprietary dry battery electrode (DBE) technology. Just hours after presenting the motion for a temporary restraining order before Judge Edward Davila in California, Tesla filed yet another lawsuit against Matthews in Federal Court.

Rich in cash, Japan automaker Toyota builds a city to test futuristic mobility

SUSONO, Japan (AP) — Woven City near Mount Fuji is where plans to test everyday living with robotics, artificial intelligence and autonomous zero-emissions transportation.

Tiny "$3 AI Wonder Stock" Could Make You Richer - Ad

Right now, we're witnessing a monumental shift in the world. Artificial Intelligence is changing everything. Our No. 1 AI Pick is currently trading for pennies on the dollar compared to Nividia. You'll need to know its name and ticker symbol. Which we're prepared to give you now when you watch this video bulletin.

Massive Data Breach Exposes Americans' Financial Details - Names, Card Numbers, PINs and More at Risk

The Office of the Maine Attorney General announced that the personal, medical and financial records of more than 569,000 Americans have been exposed.

Watch This Robotics Demo Before March 17 - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%... Just did a demo of what Nvidia's CEO said will be "the first multitrillion-dollar robotics industry." Watch the demo now and learn how to potentially profit...

Utah governor signs collective bargaining ban for teachers, firefighters and police unions

SALT LAKE CITY (AP) — Utah's Republican governor on Friday signed a that experts are calling one of the most restrictive labor laws in the country, despite overwhelming opposition from union members.

Differences bubble up between PepsiCo and Coca-Cola on diversity programs

confirmed Friday that it's ending some of its initiatives, even as rival voiced support for its own inclusion efforts.

Trump's Nvidia Nightmare? - Ad

Something strange is happening in Silicon Valley... Microsoft, Google, and Amazon are making unusual moves ahead of Nvidia's May 21st announcement. A critical flaw in AI could throw Trump's tech agenda into chaos. The mainstream media hasn't connected the dots, but Wall Street insiders are already positioning.

Proposal to ban lab-grown meat in Nebraska gets pushback from ranchers and farm groups

LINCOLN, Neb. (AP) — The prospect of banning the sale of so-called might seem like a no-brainer in Nebraska, where beef is king, but some of the proposal's staunchest opposition has come from ranchers and farming groups who say they can compete without the government’s help.

3 Nvidia "Silent Partners" Could Be Key to Ai's Next Boom in 2025 - Ad

My 2025 AI Blueprint actually features three of what I call Nvidia's "Silent Partners." These companies may not be front-page news yet ... In fact, they may be under-the-radar for most investors ... But they could be absolutely vital to Nvidia's continued exponential growth.

New jazz fellowship honors the genre's elders and gives them each an unrestricted $100,000 grant

NEW YORK (AP) — Bertha Hope was only three years old when she started playing Brahms’ “Lullaby” on the piano just from hearing it on the radio.

Intel Shares Are Surging Today: What's Going On?

Intel Corporation (NASDAQ: INTC) shares are trading higher Tuesday after reports emerged that Broadcom Inc. (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) are considering acquiring portions of the company.

Nvidia's Run To $5 Trillion Tied to 2025 AI Blueprint - Ad

Nvidia's mission to $5 trillion is detailed in Michael Robinson's 2025 AI Blueprint. But it's not Nvidia he's picking ...Instead, it's three of Nvidia's "Silent Partners." This crucial briefing focuses on a select group of three companies partnering with Nvidia that could benefit greatly this year.

Elon Musk Has A Frosty Relationship With Dad Errol But Last Year Gifted Him A Luxury Car That Was Surprisingly Not A Tesla - Here's Why

Despite their rocky relationship, Elon Musk gifted his father, Errol Musk, a Bentley Flying Spur last year instead of a Tesla, while also providing financial support to family members.

Elon's Social Security Shock? - Ad

New research reveals what Elon Musk could be planning in Washington D.C. and how it may impact your money. In short, Elon has much bigger plans than simply "draining the swamp." His next big project could bring about nothing short of a revolution in our economy... It could change the way you file and pay your taxes... collect Social Security... and how you travel. To do it, Elon will likely use the same strategy he's applied in every other business.

Apple Maps May Introduce Ads Similar To Google Maps As iPhone Maker Explores New Revenue Stream, Says Top Analyst

Apple is reportedly considering introducing ads to Apple Maps, similar to Google's paid search model, as part of its broader strategy to expand services revenue and capitalize on its growing user base.

Benzinga Bulls and Bears: Apple, Nvidia, Netflix and Trader Predicts Dogecoin Surge by March 24

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

The Elon Shock - Ad

All of Elon Musk's strange behavior in recent times is starting to make sense. His feuds with other leading technologists like Sam Altman and Bill Gates has all been building up to what he's been planning in Washington. It's a fascinating new financial story that some say could change life in America forever.

Vance? Rubio? Noem? Here's Who Might Top the GOP Ticket in 2028

President Trump's refusal to offer an early 2028 presidential endorsement for Vice President Vance has heightened speculation about who might lead the next GOP ticket.

Bitcoin, Ethereum, Dogecoin Gain As Trump Reaffirms Crypto Support: Are Short Sellers Exiting The Market?

Leading cryptocurrencies rose on Wednesday as President Donald Trump reiterated his intention to make the U.S. the "cryptocurrency capital."

Smart Money's Secret Weapon: Private Credit - Ad

A $2 trillion market offering double-digit yield potential and low correlation to stocks - that's why institutional investors choose private credit. Through Percent, accredited investors can access these opportunities starting at $500. Join thousands of investors enhancing their portfolios.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright 2025 smartmoneytrading.net
Privacy Policy | Terms of Service